09 Jun '13, 5pm

Bitcoin Ideal for Asian Online Gambling Operators - #bitcoin

Bitcoin has been talked about a lot lately as it has found its way into everyday financial transactions. The latest news about the virtual currency besides the government of the USA shuttering the possibility that Bitcoin would allow for online gambling in the country is the fact that Bitcoin has taken root in China of all places. Bitcoin has been touted as an ideal method for Asian-facing online gambling operators to get around China’s prohibition on moving money on and off online sites. That being said there are some sceptical individuals who claim the virtual currency would not be able to handle the large volume of transactions needed to supply the junket operators in Macau. Last month China was at the top of the Bitcoin client download list for the first time, outpacing US downloads by a ratio of 85k to 64k, that’s nearly one-third of all Bitcoin downloads in May. This...

Full article: http://www.online-casinos.com/news/news0912175.asp

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