Are BitCoins the future of online gambling payment methods?

June, 04, 2011 11 years ago

In a short period of time, the concept of the 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 it means that it is not subject to inflation or controlled by a central authority.

Bitcoins are slowly starting to popup 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:

Online gambling with Bitcoin

There are almost no places to gamble online with Bitcoin but this might change very soon. One site lists a gambling directory for bitcoin here:

Another source of information is available on the Bitcoin forums where users are asking others where to gamble online with Bitcoins:

Until bitcoin becomes more of a reality, players will need to stick with credit cards, ewallets and other payment methods to gamble. intertops online gaming

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