Rivalry, a leading Toronto-based gaming company, recently revealed additional information on its cryptocurrency strategy following the website’s move to incorporate $TRUMP tokens as one of the payment methods on the platform. This was a major move, especially in the wake of the US Presidential.
The Sana-based cryptocurrency, $TRUMP Token
Rivalry views this cryptocurrency integration as an opportunity to capitalize on the viral cultural moment and create revenue opportunities with minimal costs. The Solana-based $TRUMP token has a value exceeding USD 30 billion at present.
Keep reading to know more about the Rivalry Casino and the exclusive rewards available for $TRUMP users.
Key Announcement by Rivalry Casinos
Rivalry Corporation, a leading iGaming and sportsbook operator, developed for digital-first users, made a surprising announcement of adding ‘$TRUMP’, the official Solana crypto of Donald Trump, the US President-elect, as an approved payment method.
Just before the US Presidential Inauguration on 20 January, the Rivalry users are allowed to deposit and bet on games and sports using $TRUMP Solana-based blockchain crypto, which has currently gained a value of more than $30 billion. $TRUMP’s addition as a digital payment method on the Rivalry platform was announced 24 hours after Trump released the crypto on Friday.
Crypto Gambling with $TRUMP Coin at Rivalry is now possible for registered users having $TRUMP tokens.
The CEO and Co-founder of Rivalry Steven Salz stated, ”Meme coins are attention monetized, and the release of $TRUMP just days before an Inauguration is a quintessential internet and crypto culture-driven moment which enabled it to eclipse $30 billion in fully diluted value shortly after its debut”.
He added, “Rapidly deploying $TRUMP as a deposit method in less than 24 hours is a testament to our ability to identify and lean into these universal cultural moments, layer it into our core crypto gambling experience, and deliver first-of-its-kind experiences to our users.”
Exclusive Rewards for $TRUMP Users
Rivalry users betting on the platform using $TRUMP tokens will get exclusive rewards starting from 1 February 2025.
The initiative was taken for the upcoming Presidential Inauguration which will include a multiplier of 20x on the NUTZ native token of the company earned on each bet by the players.
With the adoption and acceptance of the $TRUMP tokens, besides several major cryptocurrencies as an initiative of the crypto-first approach brought about by Rivalry, the organization will have treasury holdings of different of several major digital assets, meme coins, and more.
While $TRUMP will be accepted as a payment option on Rivalry, the platform aims to keep adding more cryptocurrencies to its list as required to support its vast player base and to boost continuous expansion into the cryptocurrency gaming segment.
The token will be used as a payment method on Rivalry only in jurisdictions that apply to the licensing under Isle of Man.
Rivalry aims to shape the future of gambling by creating an enabling environment with its native cryptocurrency token and brand positioning in the online culture.
There is a growing trend of crypto payment adoption among online casinos to make the iGaming industry more comfortable and convenient for players around the world.
While there are other Online Crypto Casino Sites that have introduced similar innovations, Rivalry has made it to the headlines with its crypto strategy aligning with the adoption of $TRUMP tokens.
