29 Jan '14, 7am

Vera&John Becomes First Licensed Casino To Accept Bitcoin #bitcoin

Vera&John Becomes First Licensed Casino To Accept Bitcoin #bitcoin

Large online casino Vera&John has become the first licensed and regulated online casino to accept bitcoin deposits. The Malta-registered site began taking deposits from customers on Tuesday, automatically converting them to Euros which would then be paid into customers’ accounts on the site. Customers making bitcoin deposits made at Vera&John will only be able to withdraw those deposits in bitcoin. This online casino is different to the many bitcoin gaming sites that are found on online, said Johannes Klasson, an SEO consultant who has been working with Vera&John for two years, and consulted with the casino on the two-month bitcoin project. Sites like SatoshiDice use bitcoin transactions as the basis for bets. They use the block chain, or an algorithm for proving off-blockchain bets, to prove that their bets are fair. Instead, Vera&John is an established online casino, pre...

Full article: http://www.coindesk.com/verajohn-becomes-first-licensed-c...

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