The world of digital currencies and the world of gambling seem to be joining up. The benefits offered by currencies such as the market leader, Bitcoin isn’t an oversight. Winning Poker Network is one of the companies that is benefitting from supporting from the world of crypto over the past few years.
There are several online betting websites that accept cryptocurrency such as Bitcoin, this is usually done through an effort to complement existing options. Providing consumers with more options to gamble seems to have paid off. Winning Poker Payments doesn’t seem to be regretting its decision to accept digital currency payments.
A new report shows that most proceeds come from Bitcoin and altcoins. Dozens of digital currencies are supported during this time and after what was a bearish start, things seem to be picking up. Currently, 60% of all platform transactions are digital currencies for the Winning Poker Network. With the support of enthusiasts all over the globe, this payment method is greatly appreciated.
Different gambling service providers also seem to be sticking with Bitcoin too. There aren’t any official figures on this matter that have been made public just yet though. There are several benefits for accepting crypto as a payment. This doesn’t just apply to the user but the service also can receive rewards from exploring the opportunities in this department.
A match made in heaven?
So as we say, there are several benefits for teaming cryptocurrencies and gambling up. For starters, they all represent a global form of money and it doesn’t matter where the gamblers are located either. They will all have access to Bitcoin and altcoins through either the OTC market or traditional exchanges.
Next we have digital currencies which provide anonymity. By removing ‘trail’ players when engaging in online gambling. There aren’t any financial statements and with no records linking to any certain user, it provides the players with a level of privacy and security which is something that’s been needed for a while now.
Developments pave the way for an expansive digital currency adoption in the gambling industry. Maltese officials are looking to introduce guidelines similar to Gibraltar recently has and other countries are to looking into their verdict accordingly.
Whichever industry you are interested in, it will be interesting to see how it all pans out.
What are your thoughts? Let us know what you think down below in the comments!