How Online Gambling has Embraced Crypto Currency and Why
Unlike several years ago, when online casinos were too afraid to embrace Bitcoin as a currency for a number of reasons – be it the fear of attacks, instability, or its negative association with criminal collectives, the cryptocurrency is nowadays freely accepted in many online casinos like these, some of which even exclusively offer Bitcoins for their withdrawals and payments. However, the road to using Bitcoin for online gambling wasn’t always as smooth as it is today. How Casinos Changed Their Mind. If you’re already familiar with the history of Bitcoin, or have been following this....
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From the simple Bitcoin gambling site to the magnificent and complex world of Dragon’s Tale, the online gambling industry is re-inventing itself with the help of the digital currency technology. The Online Gambling Industry has always been in constant development. But now with the advent of digital currency, a new revolution is bound to shake the boundaries of every online business. The Bitcoin gambling Industry is growing faster than ever before. From what before was considered to be a tool for illegal activities, Bitcoin is today on the verge of completely disrupting the online space,....
Although gambling is a big industry, online gambling is still not as significant as it could be. Its proportion of the gambling industry currently hovers around 10%. However, over the last few years, online gambling have emerged as a popular choice among people. According to H2 Gambling Capital, the online gambling market in terms of gross winnings, has a global market value of €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 that gambling with Bitcoin only accounts for a tiny....
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....
The Gambling Industry is one of the industries that have grown a lot since Bitcoin first appeared. Since Bitcoin was the perfect currency to be used in the internet, online Casinos have been thriving since 2012. The Gambling Industry is one of the industries that has grown a lot since Bitcoin first appeared. Since Bitcoin was the perfect currency to be used in the internet, online Casinos have been thriving since 2012. Since Bitcoin first appeared, many businesses such as Ponzi and pyramid schemes have embraced it in such manner that it has given a bad name to the currency. In fact, many....
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....