Bitcoin casino gambling is exploding

Posted on the 24th of May 2017

Bitcoin casino gambling is exploding

Introduced to the world on the 3rd of January 2009, Bitcoin is a cryptocurrency and a digital payment system that was invented by an unknown person or group of persons under the name of Satoshi Nakamoto. Back then, you could’ve purchased 5,000 Bitcoins for a mere $27 which puts the value of a single Bitcoin at $0.0054 or a little more than half a cent.

Today (May 24, 2017), the price of a Bitcoin has reached a staggering USD $2492. There are currently over 100,000 vendors and merchants that accept Bitcoin as payment, and with the continued explosive growth of the cryptocurrency market and Bitcoin trading, it doesn’t look like this ride will be slowing down anytime soon. In fact, Bitcoin is predicted to reach insane new levels of value in the coming years as more governments legalize it and it becomes more mainstream.

Bitcoin has even made its way into the online gambling industry with a growing number of Bitcoin casinos preferring payment with Bitcoin payments and rewarding players with special bonuses and promotional offers for using Bitcoin.

Some of the advantages of using Bitcoin include the following; (1) The ability to send instant payments to anyone, anywhere in the world, (2) Third parties such as banks are unnecessary, (3) One’s personal information is not visible to prying eyes. (4) Transaction fees are very low, (5) Merchants have more confidence in Bitcoin payments because Bitcoin transactions cannot be reversed, and (6) The value of Bitcoin cannot be manipulated by governments, banks, or anyone else.

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