Virtual Coin Funding For Online Betting Growing Stronger

Published Saturday, July 28, 2018 -
Virtual Coin Funding For Online Betting Growing Stronger

Gambling with virtual currencies is advantageous for bettors who use the various forms of crypto funds for the activity and it is becoming more popular by the day. Countries like India for example are considering the legal implications of the use of crypto coins for gaming purposes. The Indian government is looking at the issue of online gambling which has been influenced by the use of virtual money. A recent report in India noted that gambling with crypto currencies “pushes even the web gambling marketplace underground, and very often, out of the reach of the law enforcement authorities.”

The issues are many regarding internet gambling and the use of virtual money while some online gambling web locations are expanding their betting offers using Bitcoin and Ethereum. Companies such as the Coingaming Group which operates points out that integrating a new mobile-first cashier and Ethereum as a payment method will give customers greater “control” over their gaming  enabling players to track deposits and withdrawals. Ethereum is the world’s second most popular crypto currency to play at online gambling games.

Tauri Tiitsaar, Bitcasino’s head of casino business commented, “The new solutions implemented allow players to command more control over their gaming experience,” adding, “Not only can they play in Ethereum if they prefer, but they’ll also be able to find their deposits, wins and make withdrawals quicker plus monitor activity more clearly.” “Given that mobile-led play is only increasing in popularity, it’s only fair that we meet the demand and deliver more mobile-first features such as the cashier,”

Tiitsaar continued, “The new technology offers players variety and control over the choice of crypto currencies they wish to play in – and we believe that playing with cryptos shouldn’t affect the quality of the offerings available, but only enhance them.”

Crypto currencies are here to stay and will continue to grow a following of online gambling players looking for speed as one of the key potential benefits of the payment method.




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