From bold use of multimedia, advanced scripting languages, and most importantly, the even payment technologies, the online gambling have led the way and have started experiencing innovations. The new digital currency has completely taken over the old payments paradigm and there is no surprise that has gained enough traction in the online gaming world. Bitcoin payments have no wonder now become the most preferred competitive wedge in online gaming industry and for all good reasons. Bitcoin is picking up momentum in online gaming industry in not just some specific parts of the world, but throughout the globe.
Bitcoin has successfully become a way to radically differentiate from others and grow into the growing universe of bitcoin users. Bitcoin is the ideal digital casino chip of the next generation and has a plethora of advantages. Here is a sample of its extraordinary benefits to gamblers:
• It is accepted in over 70+ countries which cannot be reached by Visa, MasterCard, and PayPal. It also benefits markets with comparatively weak banking penetration.
• It does not favor any disallowed or blocked merchant category codes (MCCs) which are typically seen with the usual centralized payment networks.
• Bitcoin’s public ledger is decentralized thus there are no chances of a politically-motivated payments embargo or confiscation.
• Bitcoins payment eliminates the costly merchant charge backs and fraudulent transfer that often cheap people in numerous ways.
• It is a great way to realize dramatic savings on processing fees that approach zero.
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