Bitcoin gambling is more than an alternative to iGaming. Its popularity spreads across continents, earning itself the nod from a large population of online gamblers. |
A hit in the Asian markets, online gambling using bitcoins also finds success in other regions, especially in the US and in some parts of Europe. More operators realize the wonders of Bitcoin in this business, and this is evidenced by the increasing number of gambling sites welcoming Bitcoin payments on board.
Despite the achievements Bitcoin gambling continues to reach, society still perceives Bitcoin negatively in general. Unfortunately, the lack of information leads the public to believe that Bitcoin is used for illegal purposes, and Bitcoin gambling as a venue to forward activities unauthorized by the law.
This, however, is not the case, especially in Bitcoin gambling.
Bitcoin revolutionized real-money online gambling. From depositing to cashing out, using the cryptocurrency improves the overall process, making this activity all the more entertaining, player-friendly, and secure. More than 600 operators ( November 2015 ) are now using either crypto currencies only in their funnel or crypto + FIAT. Among these, bitcoin casinos, bitcoin poker rooms, sports betting and lotteries.
With the provably fair system, Bitcoin gambling eliminates the possibilities of operators manipulating game results. Games will no longer be rigged, and the players themselves can manually verify the authenticity of the games’ fairness. Through the Bitcoin network, the online games are not just completely fair. They are provably fair now. The new concept of these casino games is a game changer.
Using the blockchain technology also increases the speed at which payments are processed. Most Bitcoin deposits can be used instantly for betting while Bitcoin withdrawals are paid to the players in just a matter of hours. As compared to real-money payments that take several banking days to be completed, Bitcoin cash outs are fast and safe. More importantly, they are not covered by large withdrawal fees typical to fiat currency transactions.
Moreover, player anonymity further places Bitcoin gambling in its own league. Unlike in real-money online casinos where private details like personal and financial information are required from the members, Bitcoin gambling sites only need a username, a password, and a working email address to sign up.
These three main features are the core of Bitcoin gambling, and they make the experience of using the digital currency an innovation not to be missed. Not to forget that using Bitcoin or any other crypto currency for deposit and withdrawal, it brings new challenges to compliance, fraud management and risk management teams. For new operators who are integrating the bitcoin payment processors these days, the learning curve is something to place attention to.
Recognizing the strong potential of Bitcoin in the iGaming business are the various software and game providers. Renowned names in this field like Betsoft, Ezugi, Betsoft and NetEnt have broadened their arsenal by venturing into the online brands operating with Bitcoin. As 2015 was all about learning the new market, opportunities and seeking for the right solutions, we will see lots of integration is Q1 and Q2, 2016, some with big operators from the online casino world.
The appeal of the benefits of joining the Bitcoin revolution is too difficult to ignore. Compared to the years after Bitcoin gambling had begun, more operators now validate the special role Bitcoin assumes in this trade. Through the marketing and integration services provided by the likes of CoinPoint, a Bitcoin marketing agency, the number of websites that have welcomed Bitcoin increases by the day.
Benefiting from the solutions at hand with the use of Bitcoin is the poker operation in Asia. Normally hounded by extremely sluggish banking process, the online poker market in the region enjoys greater patronage from players across the continent.
Online sportsbooks have also registered advantages after adding Bitcoin to their payment options. In fact, over 20 percent of the total transactions are in Bitcoin.
Also, Australia-based casino and lottery operators now accommodate players from South America and some Southeast Asian countries, proving how Bitcoin empowers operators in terms of customer increase and profit growth.
CoinPoint is the premier Bitcoin media and marketing agency located in Australia. It delivers myriad services to clients in the Bitcoin ecosystem, ranging from Search Engine Optimization and Pay Per Click marketing campaign to consultation, payments and solutions and additional tools as design and content. It also caters to companies entering the Bitcoin market through its integration and processing solutions. For more information, please visit http://www.coinpoint.net/
Oron Barber, Founder and CEO
Company: Coin Point
Address: 52 William St, Sydney, NSW 2011, Australia
Phone: 61 1800 005 238
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