Vera & John 1st Licensed Online Casino to Acknowledge Bitcoin

Posted by admin | Casino Affiliates | Friday 31 January 2014 9:45 pm

Vera &amp John hit a main on-line gaming milestone with the announcement that they would commence accepting deposits in Bitcoin.

The Maltese accredited casino, which focuses primarily on the Scandinavian marketplace, commenced getting Bitcoin deposits this week, in accordance to a report in EGR Magazine.

Bitcoin players will be able to make deposits in Bitcoin, which will then be instantly transformed into Euros. When they&#8217re all set to withdraw, their account will be converted again into Bitcoin and deposited in their Bitcoin wallets.

The floor breaking go puts Vera &amp John way ahead of the relaxation of the igaming industry which has, so significantly, been hesitant to offer with the digital currency. A spokesman for the firm advised EGR:

A single of our crucial firm values is innovation and this is why we are really very pleased to be the initial controlled and accredited casino to offer Bitcoin to our consumers.

Most on-line casinos have been avoiding the go into Bitcoin simply because the forex&#8217s wild fluctuations make it a little bit dangerous. While it&#8217s presently investing at about $ 800 (USD), Bitcoin values have assorted among $ 13.50 and $ one,000 over the last 12 months.

There&#8217s also been some issue that the fairly nameless forex is being used to launder money for felony enterprises.

Despite the pitfalls, Bitcoin-only casinos have been performing a bang-up business and that, apparently, is way too huge a temptation for igaming pursuits to overlook.

The publish Vera &amp John Initial Licensed On the internet Casino to Take Bitcoin appeared first on .

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