Poker
Manthra Koliyer By Manthra KoliyerOn 13 Apr, 2021
By Manthra KoliyerOn 13 Apr, 2021
Crypto Coins & Blockchain The Way Forward In Poker?
Cryptocurrencies are digital currencies that are based on blockchain technology and are used worldwide, except a few countries. These crypto coins can be exchanged online for goods and services. Bitcoins, Ethereum, Ripple, Coinye, etc. are types of crypto coins. The world of online betting has just discovered the wonders of blockchain technology and the pivotal role it plays in online transactions.
Bitcoin is one of the crypto coins that has more acceptance globally. This particular crypto coin has been in demand since the time it was created in 2009 by an anonymous entity called Satoshi Nakomoto. Online poker is one of the earliest forms of games to join the world of blockchain technology. Bitcoins and blockchain have become the newest form of currency to join the online poker ecosystem.
ALSO READ: The Future of Casinos: Crypto-currency
Payments using bitcoins are favoured by several players from the US, despite the fact that many American states prohibit online real money gaming.
Why Are Bitcoins Preferred?
Online payment methods are mainly preferred because transactions take place instantly, from anywhere in the world. Crypto coins are just similar to that, as one can carry out effortless payments.
Another contributing factor why crypto coins are preferred is the high level of anonymity that it assures. One need not worry about banks, governments, or any other intermediaries while using cryptocurrencies. Several online poker rooms from around the world accept crypto coins, namely, Ignition Casino, Americas Cardroom, Poker Host, Intertops, Island Casino, etc.
Is This The Future Of Poker?
According to statistics by The Business Research Co., the shut down of land-based casinos has contributed to crypto coins being used. At this point, it is difficult to imagine only cryptocurrencies as the accepted form of currencies used for online poker as this would eventually replace real currencies that are currently used. On the other hand, there’ll be uniformity across all poker platforms in the respective countries.
For more such articles, keep reading GutshotMagazine.com. Follow us on Facebook, Instagram, and Telegram.
Manthra Koliyer is a writer at Gutshot Magazine. She has an affinity for seeing the world through people’s eyes. With a bubbly fun personality, you can always catch her chatting with anyone she comes across. Holding an English Literature degree from Wilson College, Mumbai, and a Post Graduate Diploma in Journalism from Asian College of Journalism, this pop culture fanatic is ready to take on the world with a pen, paper, and microphone. She also actively works on her personal blog called namasteyconvict.blogspot.com, where for a moment she lets you into her drama-filled world.
More News
Comments
Top 15 Poker Rooms
-
-
PokerDangal
Deposit with code GSTREFUND
Offer: Get 100% GST discount on deposits Register -
-
Natural8 India
Sign-up with Gutshot
Offer: 200% bonus up to ₹81,000 on first deposit Register -
-
Spartan Poker
Sign-up with code "GUTSHOT"
Offer: First deposit bonus up to 300% Register -
Junglee Poker
Sign-up and get bonus
Offer: Up to ₹50,000* Register -
BLITZPOKER
Deposit ₹200 with code 'FTDGSB' for 100% bonus
Offer: Register -
BatBall11 Poker
Sign-up with code GUTSHOT
Offer: Get ₹50 FREE Register -
-
WinZo Poker
Daily Winnings Up To ₹40 Crore!
Offer: Get ₹550 Joining Bonus For Free Register -
-
PokerSaint
Sign-up with code "GUT100"
Offer: Get ₹50 FREE (post KYC) Register -
-
Leave a Reply