Crypto betting giant 1Xbit adds Solana to its list of payment methods


Popular betting site 1Xbit has announced the addition of Solana(SOL) to its platform as a payment means. 

The giant betting platform has a collection of about 40 different cryptocurrencies and has now added Solana to the list, opening up new opportunities to its community. This news has come as a surprise and delight to the community as they are excited about the numerous use cases that Solana can have on the 1Xbit platform.

What Does Solana Have to Offer 1Xbit?

Launched in 2017, Solana is an open-source blockchain that allows developers to build cryptocurrency projects, NFTs and other decentralised applications. Its scalability, speed of transaction and cheaper fees give it an edge over other blockchains like Ethereum. Furthermore, the blockchain is built on a unique technology, the Proof-of-History (PoH).

In 2022, more people have become aware of the various opportunities the Solana blockchain brings to the digital finance space. 

Solana has 320 million SOL coins in circulation and a total supply of 511 million tokens. Apart from being used to pay transaction fees on the Solana blockchain, SOL has other use cases, including staking for rewards.

One of the recent great strides by Solana is its inclusion in the Grayscale trust fund, launched to create more popularity and adoption for non-ETH DeFi tokens. 

The addition of Solana to the 1Xbit platform is no doubt a win-win situation for all stakeholders.

1xBit the Frontrunner Crypto Betting Platform

Since the inception of 1Xbit in 2016, it has been offering its members a large collection of exciting, fun sporting and casino games.

The amazing thing about this platform is that it only accept cryptocurrencies and has accumulated various tokens with different wagering options.

It’s no surprise that the platform has decided to add Solana to its cryptocurrencies collection, as it always looks for a way to bring more excitement to its users regularly. 

It’s, however, left to see what this partnership really means for the cryptocurrency gaming world and the token. 

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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