Online gaming industry bets big on Bitcoin Cash

True to its reputation as an early adopter, the online gambling industry is now gearing up to help further the fledging success of the newest cryptocurrency in town—Bitcoin Cash.

First on the list is Bitcoin-only casino Slots.com, which announced that it will start accepting Bitcoin Cash on its platform, CoinGeek reported on Thursday. Slots.com’s announcement is “a ringing endorsement” for the new digital currency, and other companies are expected to follow soon.

The announcement came two days after the blockchain split event last Tuesday, which saw a group of miners “fork” from the main blockchain, paving the way for Bitcoin Cash. The split is the culmination of the years-long scaling debate within the bitcoin community as they search for a way to increase the blockchain network’s capacity from the original 1MB.

Bitcoin Cash promises to increase the block size to 8MB and remove SegWit, while also awarding people who own coins on the main bitcoin blockchain the same number of coins on the new Bitcoin Cash blockchain, effectively giving them a free dividend.