The means of payment have recently evolved into the use of cryptocurrencies, and online casinos have quickly adopted them. It makes it easy for players to make deposits and withdrawals on online casinos without authorization from a central authority. With cryptocurrencies, online casino transactions have never been easier and safer. According to chainalysis, there are currently 70 crypto-friendly casinos, which accrued about $2.8 billion in the first half of this year. The next few paragraphs will discuss cryptocurrencies and what they bring to the table in the gambling industry. What Is Cryptocurrency? A cryptocurrency is a digital means of exchange
The post Why Cryptocurrencies Are an Ideal Payment Solution for Gambling appeared first on The Merkle News.
Powered by WPeMatico
Bitcoin was trading close to $20,000 to start the weekend, as traders reacted to comments from U.S. Fed Chair Jerome Powell during Friday’s Jackson Hole summit. Powell warned that “there will be some pain ahead,” as the Fed attempts to bring the rate of inflation down. Ethereum was below $1,500 on Saturday. Bitcoin Bitcoin (BTC) […]
After reports that merchants and holders of “Zugacoin” cryptocurrency are unable to make withdrawals, the founder of the Nigerian crypto, Sam Zuga responded by accusing unnamed “ignorant people” of working to tarnish the project. One Nigerian expert has advised prospective zugacoin investors to prioritize learning finer details about the project before investing. A Financial System […]
Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrency market next year. The division is expanding its operations and will also enter the banking sector, launching digital account services and a credit card. The platform follows in the steps of companies like Nubank and others that have […]