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BetcoinTech Lauds Bitcoin’s Significance in Online Gambling

Chris in Uncategorized published on 2, September 2014

BetcoinTech

The online gaming industry found its perfect match in the presence of Bitcoin and is now shifting grounds to accommodate bigger markets from across Europe, the Americas, and now Asia.

In countries where participation in online gambling activities is considered illegal, bettors can now legally place wagers on poker, casinos, and sports. Unregulated regions, on the other hand, benefit largely from the advantages that Bitcoin brings to the online gaming industry.

Thus, BetcoinTech is confident that Bitcoin is perfect, indeed, for online gambling.

A company offering a full turnkey solution for Bitcoin gambling, BetcoinTech is optimistic that the digital currency will do wonders in the sector, pointing out that it will benefit both the players and the brand operators.

The anonymity of all parties involved, lower or zero transaction fees, and no chargebacks are some of the cited components that make Bitcoin highly suitable for the leisure activity. Add to this the growing popularity of the cryptocurrency, which now has a market worth of more than US$ 6.5 billion with only roughly 13.2 million of the maximum 21 million coins currently available.

Meanwhile, BetcoinTech also explained the easy integration of the digital currency as a payment method into an existing or new gambling system. This is made possible through the options given to operators, who have the freedom to choose whether to work with purely Bitcoin or employ both the digital and real money via conversion.

With only five years since Bitcoin’s debut, the current state of the online gaming sector that has already adopted the digital currency is already astounding, even more so when the technology advances to greater heights in the coming years.

BetcoinTech is dedicated to promoting the integration of Bitcoin into the existing and new gambling platforms, and this is evident through its sponsorship of the Sports Betting Community Asia and Asia Gaming Brief Monsoon Meetup to be held on Sept. 4 in Manila, Philippines.

The networking meet up has been going on for years already, but this is the first time a Bitcoin-related company is sponsoring the said event. Through this, iGaming executives in Asia and other regions can interact with each other as they spend the night away in the friendly networking party right at Makati’s exclusive 71 Gramercy once again.

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