04 Jan '13, 4pm

Gambling sites love non government currency Bitcoin

Money never hits US banks at all, allowing the sites to operate without fear of reprisal from the government. Even the payouts are quicker — what normally takes up to 12 weeks with a US bank transfer takes only a matter of hours with Bitcoin. The new use for the decentralized currency will no doubt raise some legal questions, but for now the online US gambling community has found its workaround.

Full article: http://www.economicpolicyjournal.com/2013/01/bitcoin-to-r...

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