News From The Poker Scene

Bitcoin gaining footing in online poker

Bitcoin gaining footing in online poker

The best way to subdue and control the online poker world has been to go after its financial transactions. By targetting banks, middle companies, processing companies and merchant accounts, governments like the USA have practically paralyzed the industry.

Then Bitcoin made headlines. This virtual currency has revolutionized the way poker is presented online since there is now no need to involve third party processor or middle companies in the process of depositing and withdrawing.

If done correctly, any site accepting nly Bitcoin as currency will allow the players to manage their own wallets and bankroll. This means, the poker rooms would stop acting as banks, exposing themselves to prosecution. This could also mean the rooms could charge less in rake since their processing costs would decrease greatly.

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