Licensed U.K. Online Gambling Operator Accepts Bitcoin Payments
NetBet recently announced that it has become the first U.K. licensed online gambling operator to accept bitcoin payments to its U.K. customers. As the U.K.’s largest leading betting operator, NetBet has decided to start accepting the digital currency, bitcoin, in an attempt to reach the expanding customer base that uses bitcoin in the U.K., reports gambling news site, Calvin Ayre. Bitcoin accepted! In August, the U.K. Gambling Commission (UKGC) announced that it sees digital currencies as an equivalent to cash that licensees could accept as payment. In a new version of its License....
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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....
BitCasino.io, a popular bitcoin-based, online casino, has been nominated for the 2016 “Rising Star” EGR Operator award. The winner of this award will be chosen at the November 28 ceremony at the HAC in London. BitCasino the Next ‘Rising Star’ in Egaming? The EGR Operator Awards are some of the most prestigious accolades available in the online gambling industry. Companies such as Lottoland, Casumo and ColossusBets have previously won the “Rising Star” award. “We are thrilled to be on the shortlist for this respected award, and it shows the success we’ve had in the short time since our....
PayPal has recently announced their return to the U. S. online gambling scene, as the company will once again be facilitating deposits and withdrawals by these websites. Is this a move to reclaim the market share they lost to bitcoin exchanges? Recall that PayPal prohibited the use of its online payments platform on U. S. gambling websites back in 2003 when it formed a merger with eBay. Now that the company has split operations with the online retailer, it is ramping up its focus on the payments industry and may be seeking to regain revenues in the online gambling sector. Using Bitcoin in....
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....
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,....