Online gambling has often been placed in a legal gray area around certain parts of the world, but all of that could change rather quickly because of a new online currency. Bitcoin allows people to make anonymous transactions to anyone in the entire world, which means gamblers can now place some money into their casino account without having to worry about the government, their friends or their family members finding out about it. While this could actually cause some problems for certain individuals who cannot control their gambling habit, it could turn out to be a positive for most of the online gambling community.
There are already a few bitcoin gambling sites available right now, and it will only be a matter of time before more online casinos accept this digital currency. While the players will definitely like the idea of not having anyone know about their little hobby, the casinos also have a reason to love this currency. There are no transaction fees involved with bitcoin because it is a completely peer to peer system. Instead of paying Visa, Mastercard or PayPal every time someone makes a deposit, an online casino that accepts bitcoin will actually be able to collect all of the money that has been sent their way.
Have you ever used bitcoin? Do you think there could be a good use for these coins in gambling as universal digital chips that can be used in any casino?
