Bitcoin and the Online Gambling Industry
Bitcoin is a revolutionary new currency. Everything about it is so new and different that we do not always know what to expect next. We have, however, seen a great degree of success so far in many areas. It is already possible to buy just about anything you can think of with Bitcoins. There are some technical aspects, but in general, anyone can open up their wallet and send any amount of money across any border for a virtually nonexistent fee. This could all be done in a matter of seconds.
One area where all of these benefits have made a huge difference is in the Bitcoin casino arena. Before Bitcoin, websites were forced to deal with old-fashioned fiat currencies like the US dollar and the euro. Dealing with that sort of money often incurs significant fees and opens the door to all kinds of fraud. Some online casinos have chosen to simply accept and deal with these issues, but it still costs them more than it should to do business.