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"GIFcoin Shares Profits from Online Betting Through Successful VitalBet Platform", this is the headline prominently featured on the Bitcoinist.com website.
GIFcoin's goal is to allow individuals the opportunity to share in the revenue generated, similar to that of an online gambling affiliate program.
The venture was born from an affiliate model.
From Bitcoinist.com:
GIFcoin’s history began way back in 2011, when a team of experts came together to create a number of products related to the affiliate marketing space. What they then realized was the potential behind betting and gambling affiliate programs as the most profitable. After building their initial business through betting and slowly exiting other affiliate spaces, the team entered the U.K markets, increasing both their affiliate catalogs and profits.
Plenty of projects in the cryptocurrency space share their concepts and raise money all while rarely providing any deliverables. The GIFcoin team have already created their core product, VitalBet, which operates to this day as a successful online betting website.
Unlike a vast majority of the online casino sites that have emerged during the rise of bitcoin, Vitalbet is much like the mainstream Web casino and/or bookmaker in that they offer diverse payment options extending beyond cryptocurrency including credit card and Skrill.
Vitalbet is also backed by boxing great Manny Pacquiao. The Curacao-licensed, Costa Rica-based VitalBet proudly bills itself as “The Official Sportsbook & Casino of Manny Pacquiao.”
At the moment, VitalBet is one of the few bookmakers to accept cryptocurrency and will soon accept a plethora of digital assets after development is funded through their ICO, Bitcoinist reports.
Ethereum, Litecoin, Ripple, and Dash are among the cryptocurrencies VitalBet intends to begin incorporating. No word yet on whether Bitcoin Cash, with its growing acceptance in the online gambling realm, will be among those options.
SCROLL DOWN FOR MORE FROM BITCOINIST
Crypto-Fiat Financial Platform Saifu to Make Using Cryptocurrency as Easy as Using a Traditional Online Bank Account - Bitcoinist recently sat down with Zach Murray, marketing director of the Czech-based startup, to discuss the merits of the platform, their upcoming ICO, and much more
Twitter to Begin Banning Cryptocurrency Ads - Reports say that Twitter will follow in the footsteps of Facebook and Google by banning a wide range of cryptocurrency ads.
- Aaron Goldstein, Gambling911.com
