Is Bitcoin the future of Online Gambling Payment Methods?
by
Austin Reynolds
In a short period of time, the concept of Bitcoin is starting to take off, and now could be the future of online gambling payment methods. Could your next casino deposit be made with bitcoins?
The online gambling industry has battled many problems as it moves towards a regulated environment. In the United States, online payment methods such as QuickTender and ewalletXpress have virtually been shut down the by US government.
American gamblers are left with fewer payment methods to do online gambling such as credit cards and money transfer networks like MoneyGram or Western Union.
Prepaid credit cards are another alternative but not all credit card transactions will go through.
There is a possible solution on the horizon that might take the online casino world and players by storm and it’s called Bitcoin.
Bitcoins are tough to explain so we have attached a video to let it do most of the explanations for you. Bitcoin is a peer-to-peer currency and which means that it is not subject to inflation or controlled by a central authority.
Bitcoins are slowly starting to pop up as a means for paying for goods and services online with more media attention as time goes on.
Basically, bitcoin transfers are anonymous and that has a lot of appeal for many people.
More Bitcoin information
The Wikipedia page for Bitcoin has all the information you need to know about the company including some popular media references: http://en.wikipedia.org/wiki/Bitcoin
Online gambling with Bitcoin
Until bitcoin becomes more of a reality, players will need to stick with credit cards, e-wallets, and other payment methods to gamble.
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