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Some of the biggest Bitcoin news yet as iPoker Network online poker skin WinPoker has announced it will begin accepting the virtual currency.
This is the first time a poker room on a major network has begun to accept Bitcoin for deposits and withdrawals. iPoker is the world’s largest online poker network. Bitcoin’s price has enjoyed a staggering rise over the past two months from $14 to $40.
PokerFuse.com broke the news on Wednesday.
Deposits can be made by sending BTC directly through the cashier on the WinPoker website to the room’s Bitcoin wallet. As soon as the system receives the funds—typically within ten minutes—the money will be credited to the player’s account.
If players store their wallets on smartphones, depositing can be as simple as scanning a QR code.
The Bitcoins will be converted into the player’s account to a traditional currency once received.
The news does come with one important caveat: US players will still be unable to play at WinPoker.
There are still advantages for those outside the US.
“Bitcoin affords players a great deal of convenience, privacy, security, and accessibility,” James Lucas, a spokesperson for WinPoker, told pokerfuse in an exclusive interview.
“It is becoming increasingly ubiquitous, and Bitcoin can now be bought through a multitude of online and offline vendors—players can link their bank accounts for increased ease of use, or buy Bitcoin in cash anonymously at one of thousands of offline shopfronts around the world.”
- Aaron Goldstein, Gambling911.com
