Cubits is a Bitcoin payment method that allows players to make payments at online casinos. Bitcoin is a form of digital currency, otherwise known as cryptocurrency. It is used for making online transactions and is decentralised in the sense that it isn’t controlled by any banks or financial institutions. Transactions are quick, easy and convenient and there are fees, though these are very low.
Cubits, which is based in London, was established in order to provide Bitcoin casino players with an easy and reliable way of making payments and exchanging currencies. Softswiss is a Bitcoin casino software provider and thanks to a merger with Cubits, casinos developed by Softswiss can use Cubits as a payment method. This payment method allows both consumers and merchants to send and receive payments by converting Bitcoin into the user’s currency of choice.
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Thanks to the merger, Softswiss casinos have benefitted because payments have been made a lot easier and more reliable. One of the ways the merger has helped these casinos is that Cubits invited players who are using flat currencies to online casinos, a process that is completely legal and should help Bitcoin casinos attract more players.
As well as enabling online transactions to be processed using Bitcoin, the Cubits payment platform can be used to exchange money in a total of 17 different currencies; it can also be used to request, buy and sell money in different currencies.
The safety and security of users and their money are the main concerns of Cubits because a number of Bitcoin exchangers and casinos have had to shut down recently because of potential hacks and other problems with security. The development team is based in Berlin and uses the latest, cutting-edge technology to guarantee the safety of all transactions and to prevent unauthorised users from accessing the system. Cubits employs a range of security measures, including multi-signature technology, to ensure that all transactions are safe from hackers and that all money is secure.
Cubits has enabled more people to use Bitcoin as a payment method, including at online casinos. You can buy and sell Bitcoin using your credit card or bank account and once you’ve bought them you can easily and quickly make transactions through Cubits.
Signing up is very simple: all you have to do is fill out a form to create your own Cubits e-wallet, then you’ll get sent an SMS to verify your account. Once your account’s been verified, you’ll be able to buy Bitcoin and make transactions immediately.
With Cubits you can purchase Bitcoin from most countries throughout the world, though this doesn’t include the USA. Cubits has a very simple user interface and provides an easier way of carrying out transactions than what online banking does; it’s Europe’s leading Bitcoin service provider and has more than 1,000 new accounts created every week. Cubits was founded in 2014 and aims to make financial transactions, including Bitcoin transactions, easier and more accessible. Many online casinos have already benefitted from Cubits.