Bitcoin and Online Gaming: A Blossoming Relationship
Bitcoin is a digital currency that allows users to make purchases and complete transactions on sites that allow it. Perhaps one of the main reasons why it has grown so much in popularity is the fact that the software is open source and can thus be used by just about any company. Bitcoin can be exchanged for real money or be used as is, to pay for goods and services. This is how it has become one of the main funding option in online casinos. Online gamers are able to put in money and cash out winnings without spending any of their own money. Bitcoin is very popular in many countries around....
Related News
Whether you’re into online sports betting or playing online poker, here are some ways that the bitcoin has changed, and improved, the online gaming industry. Even though cryptocurrency is relatively new in comparison to the history of online gaming, the bitcoin has made a number of positive changes to the online gaming industry and it looks like it may be here to stay. While many of us are familiar with the advantages of using bitcoin for a variety of online businesses, unless you’re a hardcore and frequent online gamer, the benefits of cryptocurrency has probably been overlooked. Whether....
The concept of digital currency has been in the gaming sector for a while now. If you are used to playing games online or on a mobile phone then you will be familiar with the game coins or special XP points. Whenever you reach a milestone these XP points gets credited, which can be used to buy upgrades. In order to accumulate enough points, you will have to put in a lot of gaming hours. Alternatively, one can buy these achievement points in the form of in-app (or in-game) purchases. In order to make these purchases, one has to pay with fiat currency. There are many online gambling....
Certain virtual currencies are trying to take gaming to the next level, and now DigiByte Gaming has added Counterstrike Global Offense (CS: GO) to their online gaming platform. There has always been a certain overlap between gaming and digital currency communities, which has lead to some success for Bitcoin so far. Various online cd key shops have....
While video & online games are making first small steps towards Bitcoin, gambling is already there. Cointelegraph looks into why cryptocurrency payment systems are still underdeveloped. Bitcoin as part of online gaming ecosystem. The talks started in 2011. Back then, entrepreneur Calvin Ayre published a list of his own predictions for online gaming industry in 2012. One of them was about Bitcoin. It said: “Someone is going to figure out how to make this work and when they do, all the anti-gambling, over-regulating authoritarian governments will be exposed as emperors without clothes.”....
Renowned and reputed online gaming platform Vegas Casino has reminded its players to play responsibly on its platform. Known for using the digital currency Bitcoin as its primary source of betting, it has been an active part of the growing online gaming industry. It skillfully recognizes the indications of compulsive behavior in players, and therefore understands its ill-effects on a person's day-to-day lives. As stated in its blogpost, Vegas Casino urges players to use their gaming website as a source to spread fun and entertainment. It has also recommended to players that they should not....