Vera&John is a Maltese-registered online gambling operator which has become the first fully licensed and regulated online casino to offer its customers the possibility to deposit with Bitcoin.
The online casino has begun accepting deposits in Bitcoin since Tuesday and is automatically converting the cryptocurrecy into Euros which are then credited to the customers account balance.
These Bitcoin deposting customers will only be able to cash out their money via the same virtual currency.
There is a twist to this method and it lies in the fact that Vera&John is offering Bitcoin deposits which are converted into local currency, as a way to buy in and play at existing games on the platform, instead of setting up a whole Bitcoin-based platform.
This mean that the online casino plays it safer since they do not hold any Bitcoins themselves and aren't exposed to the fluctuations and risks of the market.