19 Nov '12, 12am

Bitcoin Online Gambling Site Pros And Cons | Gambling News

McCarthy is quick to note that Bitcoin’s potential pitfalls are vastly outweighed by its strengths. “Unlike almost every payment method, if we receive a Bitcoin payment we are certain that the funds are deposited legitimately. Overall, Bitcoin has reduced our fraud-related costs significantly.” Given the recent spate of online poker site shutdowns in which player funds vanished into the Twilight Zone, McCarthy says Bitcoin provides players with added insurance against chicanery. “With traditional payment methods who invariably charge significant fees to perform payments, it is not viable to allow players to move their bankroll on and off the site on a daily basis. Bitcoin changes all this. Players can have full control of their bankroll and can move their funds about at will.”

Full article: http://calvinayre.com/2012/11/19/business/bitcoin-online-...

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