Online Gambling Sites Seeing High Value in Bitcoin
themerkle.com a cryptocurrency news source, reports on the impact of anonymous digital currency Bitcoin on the Internet gambling market.
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They write:
The concept of Bitcoin casinos has shed can entirely new spotlight on the gambling industry as a whole. By accepting cryptocurrency, any casino operator can present their offerings to a global audience at very affordable rates. In fact, some of the world’s top casinos are keeping a close eye on Bitcoin, or have integrated the payment option already.
As noted, one of the primary benefits of using Bitcoin is the lack of hindrance by bank partnerships, credit card acceptance, or days of waiting for fund transfers to clear.
Many online gambling sites report over a quarter of their customers now use Bitcoin while a number of Bitcoin-only Internet betting sites continue to prosper.
From TheMerkle:
It is evident online gambling, as well as sports betting, are gaining more mainstream acceptance in recent years. In fact, one could say it has become second nature to gamble online these days, and Bitcoin plays a major role in the process. The future is looking bright for online casinos keeping an open mind towards cryptocurrency payments.
Overall, Bitcoin has found stability over the past 12 months with closed trading Friday reaching its peak of $780.00.
- Aaron Goldstein, Gambling911.com
