News From The Crypto Currencies Scene

Global Online Gambling Market Settings its Sight on Bitcoin

Global Online Gambling Market Settings its Sight on Bitcoin

The global online gamblig industry has been estimated to be a $30 billion market and its growth is unparalleled. It's also a very unique market in that it depends on very fast or immediate and most importantly, irreversible deposits. Here is when Bitcoin becomes into play. Bitcoin is a virtual currency which offers its users privacy, immediacy and finality (all transactions are final and can't be reversed).

In the online gambling industry all bets and wagers are final and usually irreversible, unless players file for chargebacks on their deposits. With Bitcoin, operators free themselves from tedious verification processes, prying eyes and chargebacks.

Bitcoin promises to usher in a new era of online gambling venues with easier and faster registartions and deposits for players and safer and immediate transactions for operators.

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