As an iGaming enthusiast, you’ve probably heard of the GBP, or Great British Pound. GBP has a long history dating back to the Anglo-Saxon era. It includes some interesting facts about which you maybe be are not aware.
Did you know that GBP is third most traded currency in the world. It’s only behind of US dollar and EUR. This doubles it value in both the global financial market and the iGaming industry.
GBP has played huge role in the history of iGaming. The United Kingdom is considered as one of the industry’s forefathers. It has made significant contributions to the growth and development of iGaming. The reat British Pound reportedly has been the currency of choice for many UK iGaming operators. It is widely popular in players worldwide.
One of the most interesting fact of the GBP is that it previously was backing by gold. But it lasted till 1931, which meant that the currency’s value was linking to the price of gold. The gold standard was a system which changed during the Great Depression.
Another interesting fact about the GBP is that it has many different names, including quid, pound sterling, and sterling. It’s not clear from where the word “quid” came from, but most likely it came from Latin phrase “quid pro quo,” which means “something for something.”
The GBP is widely accepted by online casinos and sportsbooks in the iGaming industry. This allows you to use reat British Pound to make deposit and withdrawals on various iGaming sites, as well as to place bets and play games.
Overall, the GBP is an intriguing currency with a long history and many fascinating facts. As an iGaming industry participant, it is critical to understand the role that this currency plays in the global financial market and in the world of online gambling.
