Singapore views brick-and-mortar casinos as a way to boost tourism. More that they, they also consider fiat-to-Bitcoin exchange businesses as a new means to make the economy stable, virtual money or not. Cryptocurrency exchange Binance will open its first local business in the country. With that, there’s no denying that Singapore and other countries in Southeast Asia are now slowly, but surely warming up to cryptocurrency and online gambling. In no time, Bitcoin Poker will take Southeast Asia by storm.
In preparation for the global acceptance of this groundbreaking Bitcoin casino game, let’s learn the ropes around Bitcoin online poker and how Bitcoins fuel its convenient gameplay.
Bitcoin Poker VS. Traditional Poker
Moving towards traditional poker, online poker remains as the most popular Bitcoin-powered casino game. Bitcoin poker offers exciting payout, bonuses, and graphics. Traditional poker was adapted by game developers and they innovated this using Satoshi Nakamoto’s invention and the blockchain technology. They created online poker rooms and tables where players can play, facing live or dealers backed with the Random Number Generation (RNG).
Benefits of Using Bitcoin To Play Poker
Gambling Privacy – despite being legal in most countries, other people still don’t see gambling as an ethical activity. With this, many gamblers find comfort in privacy. And since Bitcoin and other cryptocurrencies are decentralized mode of payments, no banks, governments, or other third-party financial institutions has an authority over it. Your details will not be shown anywhere in their system. You will only provide your bank account or credit and debit card details when you purchase Bitcoins.
Lightning Fast Gambling – casino gambling supporting Bitcoin and other cryptocurrencies allow smooth and speedy withdrawal and cashouts. Within minutes or hours, you can store money in your account and withdraw the profit from your winnings. This is something any bank or financial institution can do as credit or debit card transactions can take a while, especially if you’re on the other side of the world. The deposits and withdrawals of money from your gambling sites, however, will still depend on their third-party payment providers
Universal Gambling – since Bitcoin is a virtual currency, you can use it anywhere as long as your country or jurisdiction supports the use of Bitcoin and other cryptocurrencies. You can now participate in Bitcoin online poker anywhere in the world as long as you have a stable internet connection and a secured betting account. Deposits and withdrawals can be done online or through special Bitcoin ATMs near you.