Good news happens in bunches, ladies and gentlemen. Bitcoin is making massive waves in the online community, after being accepted on Overstock, it now appears that the Winning Poker Network is accepting Bitcoin as a deposit option.
One of the main objectives of Bitcoin has always been to integrate into society as we know it. As it is still a “virtual” currency, a lot of virtual services have been jumping at the bit to get involved with Bitcoin, to stay on top of things and outmaneuver the competition.
When it comes to online gambling, where poker games are still king of the hill, things haven’t been moving forward all that much. Or that was the case at least, until now.
Winning Poker Network is a name that should be at least partially familiar to anyone who plays poker online, as it is the second largest US-facing poker room.
Bitcoin deposits are made available, up to a limit of 1,000 US Dollars. The reason why I’m writing US Dollars, and not “1 or 2 Bitcoins”, is rather simple to explain really.
When you make a Bitcoin deposit on the Winning Poker Network, the value of your Bitcoin will be converted to US Dollars. This means that Bitcoin is only an “intermediary” step for now, but it’s a sign of good things to come for the Bitcoin gambling community.
Expect the exchange rate from Bitcoin to USD to be roughly the same as the Bitstamp and/or CoinBase exchange rates.
While the addition of Bitcoin is a great choice, it’s not the best choice if you’re looking for fast depositing, as the confirmations can take up to an hour to complete. There are other valuable alternatives out there for the future, like Lottocoin, as we covered in a previous article.