Bitcoin Cash Gaining popularity among online poker players
The gambling industry has a lot of misguided policies that the governments have put in place. These policies will dictate how the cash won in betting is spent by winners. This means that gamblers are not getting the freedom they want when it comes to spending the money they have won. This is the reason crypto currencies are becoming appealing to poker players and online gamblers at large.
According to some gambling reports, it is believed that cryptocurrencies were first applied to the gambling industry. The anonymity associated with blockchain technology is one of the most appealing factors to online punters. Among the top currencies Bitcoin is the leader in market capitalization followed closely by Ethereum and Ripple. Bitcoin Cash is in fourth place after it received it’s upgrade at the beginning of 2018.
Why are they going for Bitcoin Cash?
The reason a lot of people are going for BCH is because it has a lot more functionalities compared to other cryptocurrencies. One of the main improvements was the increase of the block sixe to an amazing 32MB. There was also an increase in the OP codes which was meant to enhance the functionality. Through these advanced functionalities, BCH has already attained its premier atomic bet. These and many more elements are the reasons that bettors are switching to BCH.
Jonas Odman who is popular in the world of online gambling has termed BCH as the Neteller for online poker players. Odman pointed out that we will be seeing more functionalities being incorporated in BCH especially because it is much cheaper and offers fast cashouts. Neteller is a popular platform that has favoured merchants to offer money transfers electronically.
Through Bitpay we will see BCH being added into a lot of poker sites and more players going for Bitcoin poker. It is believed by a lot of stake holders in the industry that cryptocurrencies will be game changers in the market. The poker industry is large in size and having more players to embrace it will assist a great deal in helping it grow. The community is getting bigger and there are hopes of getting more and more merchants to use BCH.
The used of cryptocurrencies as a form of electronic money transfer in online poker sites has seen more and more platforms coming up. Some of them are purely accepting payments through cryptocurrencies. With such platforms, you will hardly go through some of the verification process we find in other online platforms.
Cryptocurrencies have brought about the blockchain technology and this has also been embraced by the poker industry. This is the reason we have seen the rise of blockchain poker tournaments. One such tournament will be held in October at the Aria Casino in Las Vegas where the inaugural World Crypto Conference will be held.