Tonybet Partners With SpectroCoin to provide Bitcoin as a Banking Method | PokerNews
Tonybet customers can now deposit and withdraw from their accounts using the digital currency Bitcoin after it partnered with the SpectroCoin e-wallet.
SpectroCoin is an all-in-one solution for Bitcoin bearing in mind various Bitcoin solutions. One such solution is enabling the deposit and withdrawal to and from gambling and gaming sites using Bitcoin.
Any Tonybet player wishing to make use of BitCoin to fund their account can now achieve this with ease, but unlike many sites that permit digital currency, Tonybet converts the Bitcoins to regular currencies while in-play.
Since introducing Bitcoin as a banking method, Tonybet has seen an influx of recent customers, one who is greater than anticipated, particularly from new customers hailing from Asian countries where depositing and withdrawing from online gambling sites has proven to be problematic.
Warren Lush, spokesman for Tonybet, said: “We’re always maintaining with the newest digital innovations with the intention to adapt them to our online gaming platform. With the introduction of Bitcoin deposits we saw a dramatic increase in recreational punters and poker players especially from the Asian countries who've been struggling to transfer their funds before.”
Continuing, Lush told of a few benefit of using Bitcoin for online gaming,
“Another good thing about using Bitcoin for online gaming is that users too can speculate the exchange rates and earn extra. The quick and straightforward deposit and withdrawal process makes this a good more attractive feature. What’s more is that partnering up with SpectroCoin we not just opened our online sportsbook, casino and poker room to people who desired to use their digital currency for online gambling, but additionally encouraged customers to take advantage of some great benefits of using Bitcoin.”
Bitcoin is a digital asset and payment system introduced by Satoshi Nakamoto in October 2008. Known as the primary cryptocurrency, which isn’t entirely accurate as other systems exited previous to Bitcoin, Bitcoin is the primary decentralized digital currency, and the biggest of its kind when it comes to total market value.
There are a finite choice of Bitcoins in existence. 12.5 Bitcoins are created per block (approximately every 10-minutes) and can continue to take action until mid-2020, then 6.25 Bitcoins per block for the following four years. This halving continues until the years 2110-40 when a complete of 21 million Bitcoins can have been issued.
The value of Bitcoin has fluctuated greatly since its creation, with its value peaking in December 2013 and January 2014 when it swing between $600 and $1,000 per Bitcoin before dropping to various $200 to $300 in March 2015.
Currently, one bitcoin is worth approximately $575.
Lead image courtesy of bitcoinist.net
Want to stick atop the entire latest within the poker world? If so, you'll want to get PokerNews updates for your social media outlets. Follow us on Twitter and find us on both Facebook and Google+!
The #1 Source for Poker News, Reviews & Bonuses
PokerNews App
About PokerNews
PokerNews.com is the world's leading poker website. Among other things, visitors will discover a daily dose of articles with the newest poker news, live reporting from tournaments, exclusive videos, podcasts and such a lot more.
POKER HANDS EXPLAINED: LEARN THE SPORT AT POKERSTARS
PokerStars is the most important online poker room offering the most important amount of poker games and different game variations including Texas Hold'em, Omaha and other popular poker games. By joining PokerStars you'll easily learn the entire poker rules and poker strategy by playing free poker games. Join PokerStars and luxuriate in prime quality online poker.
Site Map Contact Privacy Policy Disclaimer PokerNews MediaKit Career Terms & Conditions © 2003-2016 PokerNews.com All rights reserved
Read More... [Source: PokerNews]
No comments:
Post a Comment