Can Bitcoin be the Perfect Tool for Online Gambling?

Can Bitcoin be the Perfect Tool for Online Gambling?

Bitcoin is the currency of the internet; it is perfectly aligned to support online based businesses and facilitates international transactions. Bitcoin has in fact, the power to disrupt the online gambling space. Since the beginning of the Internet, the gambling industry has always been an adopter of all new online technologies that have been coming around. However, for some time now, the online gambling industry has been dealing with heavy regulatory impositions all over the world and many companies tried to find out new ways of going pass those restrictions. It was in 2009, that Bitcoin....


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Bitcoin is Simplifying Gambling

Though gambling is big business, online gambling is still not as significant as it could be. Its proportion hovers around 10% currently. However, over the last a couple of years, online gambling have emerged as a popular choice among people – this has been approved as well by research company H2 Gambling Capital. According to the organization, the online gambling market in terms of gross winnings, put the global market value at €21.73bn ($28.54bn) in 2012. Interestingly, since the emergence of Bitcoin, the total value of online gambling is expected to increase multifold. It’s also true....