Greentube acquires majority of outstanding CashBet Coin

Social Casino Greentube offers now the cryptocurrency as an alternative method of payment

Greentube, the NOVOMATIC Interactive division, has completed the acquisition of the majority of CashBet Coin’s CBC cryptocurrency and its underlying blockchain technologies.

The acquisition enables Greentube to enhance the use of cryptocurrency throughout its social gaming portfolio and follows the successful trial integration of CBC with its flagship brand GameTwist last year. The social casino, which is one of the world’s largest online gaming communities, now offers the cryptocurrency as an alternative payment method in each market it operates, allowing players to purchase Twist credits using CBC across its collection of 400+ games.

Michael Bauer, Greentube’s Chief Games Officer.

Michael Bauer, Greentube’s Chief Games Officer, said: “The acquisition of the CashbBet Coin Treasury allows us to expand the use of blockchain solutions and we are evaluating the spread across our B2C casino portfolio to enhance the customer experience. We’ve seen increasing demand from players to offer cryptocurrency as a payment option and the successful integration of CBC on GameTwist has demonstrated the benefits of the technology for social gaming.”

Ed Brennan, President at CashBet Coin, said: “This deal completes our ongoing partnership with Greentube and is testament to the technical excellence and versatility of CBC. Given the scale of the company’s social user base and operations the acquisition will further advance development of the technology. With CBC now under the control of a leader in the global iGaming industry, we look forward to establishing greater utility of the token and seeing many more integrations across Greentube’s social products and services.”

About SiGMA Expo:

The iGaming summit SiGMA is setting its sights on Asia. Our ground breaking Asian iGaming expo will be held in Manila, on the 8th & 9th of June 2020. SiGMA’s largest venue to date will bring together high quality conferences and content, premium networking opportunities, and luxury networking event. 10,000 delegates from across Europe, the US, and Asia are expected to attend, making this one of the biggest shows to unite East and West in the region. To become a part of the fastest paced Asian iGaming event, book a pass or sponsor & exhibit.

For those planning to attend SiGMA Manila, AIBC Manila and ICE Asia at SMX on June 8-9th, this is the buzzing business environment to be expected: