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Bitcoinist.net · September 27, 2017 · 12:30 pm

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Providence is building the first fully cashless Crypto Casino Resort. A location for cryptocurrency

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Providence is building the first fully cashless Crypto Casino Resort. A location for cryptocurrency and gambling enthusiasts to meet, party, and relax out in the real world and at a very attractive location.

[Note: This is a press release.]


Through Blockchain Technology and Providence Exchange integration, clients will be able to walk into our physical casino and exchange cryptocurrency for chips that will enable them to play their favorite adrenaline-inducing casino games.

In essence, Providence will enable players to turn their cryptocurrencies into fun and usable assets in the physical realm, thus addressing a major issue with currently limited solutions in the real world. Blockchain technologies alleviate the resort’s Gaming and Retail sector of conversion burdens. To compound convenience, providence pegs generated revenues to current exchange rates and also incentivizes token holders with “chipbacks” and rewards for utilizing the token.

What is So Exciting About Providence?

The world of cryptocurrency has blown up with hundreds of coins in circulation and freely traded amongst peers. However, save for a few exceptions, there are limited places in the real world that one can directly spend their cryptocurrencies in exchange for goods or services.

In this regard, most cryptocurrency holders are forced to convert these digital assets back into fiat currencies which is widely accepted in the real world.

This is an unfortunate circumstance especially given the robust blockchain infrastructures, substantial adoption of blockchain and the limitless potential that these cryptocurrencies have in the physical world. Despite the multiple initiatives undertaken to adopt and widely use cryptocurrencies in the physical world, there exist major limitations to the seamless integration in the day to day commercial activities.

In the online world, however, cryptocurrencies have been widely accepted and have been embraced in multiple formats and are used for wide-ranging activities. The ones that are on the forefront are definitely online gambling and eSports as one of the early adopters of cryptocurrencies and blockchain technologies. The uptake of cryptocurrencies in these online gambling activities has had overwhelmingly successful effects showing the huge potential in utilizing blockchain technology in the sector but also entertainment industry overall. This notwithstanding, there hasn’t been a substantial effort to integrate the successes of cryptocurrencies in the online platforms into the real world and in a physical realm.

There is a disjoint between the application of cryptocurrencies in online gaming and gambling and its uptake in the real world casinos and this is what Providence seeks to address.

A Look into the Future of Entertainment and Hospitality

Providence is a project with a mission to connect the physical and digital world of leisure and entertainment. Physical casinos and holiday resorts are industries waiting for disruption. Gambling industry and casinos are after all one of the major drivers of the “consumption” in crypto-economy at this point. By connecting this two realms we are creating much more possibilities for ordinary crypto users to leverage. Providence will become the central place to introduce the crypto market to gambling and tourist industries.

For our early contributors and supporters, we ensure additional 35% of tokens that they can get in the token pre-sale. The token pre-sale starts on 28th of September with the main sale being held in November! Visit www.providence.casino for more info!


Images courtesy of Providence

Press Release



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