The digital currency Bitcoin has gone from strength to strength since it was introduced to the world in 2008 by its creator Satoshi Nakamoto. The crypto-currency’s popularity stems from its user-friendliness and encryption that allow users to conduct their transactions in private. The electric currency is not regulated by any central authorities and has seen its adoption and value rise through the years in addition to gaining official recognition in some countries.
The benefits offered by Bitcoin mean that the popular digital currency is used in a range of purposes on the internet including online casino games and e-commerce. In addition to enhanced security and privacy, the crypto currency also offers better value in online casino games because of the strength of its value; something which has led to the currency becoming an investment opportunity as well.
Better Value Gambling
Online casino games enthusiasts and gamblers will love the fact that Bitcoin does indeed present a better value proposition when used to pay for their virtual gambling services. At over £400 and almost 600 US dollars per Bitcoin, those who mine the coins or hold them as savings can make their money go a long way. Players can use this to their advantage when using virtual casino platforms such as Europalace.com and get more value for their money when they place bets online. The virtual currency’s users stand to gain as more and more online casino games and internet businesses in general begin to accept Bitcoins for their services and their value continues to make gains on the world’s major currencies.
As with other online payment systems, Bitcoin transactions can be made from anywhere in the world. And with the technology being a currency in its own right, it means that users also have the flexibility to play their favourite online casino games whenever and wherever they want.
A Lucrative Investment Opportunity?
Given the fact that Bitcoins value has risen to equal over 500 dollars in little over eight years, many investors have long considered the virtual currency as an investment opportunity. Imagine the returns for a wealthy investor who purchased their Bitcoins while they still cost a hundred dollars, or even less! Likewise online casino games players who prefer to use Bitcoin and store their winnings in the currency also stand to gain as Bitcoin’s value increases.
All the above points show why using Bitcoin offers better value in online casino games and are the reasons why the virtual currency continues to become ever more popular in online gambling.