Last year, the U.S. - based company helped NetBet become the first
online gambling operator licensed by the UK Gambling Commission (UKGC) to offer bitcoin deposit and withdrawal options to its online sports betting and casino customers.
Bitpay, which claims to be the world's largest bitcoin payment processor, recently made the headlines when it announced that it had helped NetBet become the
first online gambling operator licensed by the UK Gambling Commission (UKGC) to offer bitcoin deposit and withdrawal options to its online sports betting and casino customers.
This has prompted
many online gambling operators to jump into the proprietary altcoin pond, although it remains to be seen whether its customers will be the ones who end up taking a bath.
The new cryptocurrency has received support from members of the community who want a block size increase, including developers of proposals like Bitcoin Unlimited, as well as sectors such as digital currency exchanges and retailers in Japan and
even online gambling operators, who are already on process of adding Bitcoin Cash to their payment options.
Matonis has been a long - time advocate of Bitcoin and how adopting the currency can serve as a «competitive wedge»
for online gambling operators across the globe.
International blockchain
based online gambling operator Gamblica is pleased to reveal that their upcoming token sale campaign will get underway on March 1.
Online gambling operator Bovada is now accepting the Bitcoin Cash (BCH) cryptocurrency as a deposit option, heralding the growing shift toward viewing Bitcoin Cash as the only Bitcoin that matters.
On Monday, Bitcoin payment service provider Bitpay announced that it had helped NetBet become the
first online gambling operator licensed by the UK Gambling Commission (UKGC) to offer Bitcoin deposit and withdrawal options to its online sports betting and casino customers.
If passed it will undermine the excellent protection afforded to UK customers by Gibraltar and
its online gambling operators, who currently supply the majority of UK consumer online gambling transactions.
He was the vice president of business development that orchestrated Zynga's recent partnership with bwin.party,
an online gambling operator in the U.K.
Online betting operator NetBet has become the first UK - licensed
online gambling operator to offer Bitcoin payment options to UK punters.
Bitcoin has proven to be an effective tool in ensuring that
online gambling operators will reliably deliver services to their customers, especially since governments around the world have been blocking website domains or targeting operators» access to traditional payment processing channels in a bid to prevent these merchants from accessing their markets.