Lots of potential for Bitcoins in Online Casino sectorAugust 5, 2015
After years of mostly being the focus of miracle stories or overvalue articles Bitcoins are starting to solidify their position as a serious player in the currency world. More specifically Bitcoins seem to be gaining serious ground and establish itself as a major payment form when it comes to online gaming, with online casinos being front and center.
The estimation is that online gambling will surpass the $40 Billion mark this year, while Bitcoins only account for $320 million of that enormous pie. While $320 million is a huge figure in itself it only represents a 0.8% of the market so it shows there is major room for growth. Put that together with the fact that bitcoin transactions are pretty much instant and no transaction fees involved, my guess is that this market will more than double by the end of next year.
This form of currency is definitely to be followed closely, if not for the benefits mentioned above, one of the most lucrative benefits of using bitcoins might just be the fact that just about anyone from any country can make a transaction into any casino, because personal details are not needed for a deposit or withdrawal. All that is needed is a secure code and your money is either in the online casino or back in your bitcoin account.
Mark my words that before we know it the gambling world will be overrun by bitcoins.