There’s no doubt that Bitcoin made significant strides toward mainstream acceptance in 2012. In November, the internet’s dominant blog-publishing site WordPress began accepting Bitcoin as payment. In December, the Bitcoin-Central exchange became the first such company to be formally a...
SOCIAL GAMING/CASINO CONVERSION ▶ This may be the single biggest factor driving innovation in the gambling industry, in that it is changing our definition of what is gambling. While gambling made the transition from casino floor to website close to two decades ago, the games remain th...
Interview with Eric Vorhees and Roger Ver of BitInstant.com December 21, 2012 No Comments Angelia Ong recently caught up with Eric Vorhees and Roger Ver at the first Social Gaming Asia Summit in Macau to talk about BitInstant.com, a payment processor for various Bitcoin exchanges and ...
Among the discussions Ver and Voorhees conducted at the Social Gaming Asia Summit was with one of Macau’s leading junket operators. While declining to identify the operator by name, Ver told GamblingCompliance that he and Voorhees had “spent the whole day” discussing Bitcoin’s potenti...
Bitcoin’s designers envisioned their baby as less of a traditional fiat currency and more a commodity like gold, of which there is a finite amount. As such, there will be rises and falls in Bitcoin’s value, but no wild inflationary surges. This theory will be tested as a result of thi...
Bitcoin’s designers envisioned their baby as less of a traditional fiat currency and more a commodity like gold, of which there is a finite amount. As such, there will be rises and falls in Bitcoin’s value, but no wild inflationary surges. This theory will be tested as a result of thi...
mobile payments will top $1trillion within five years as the burgeoning smartphone and tablet industry continues to grow. IDC Financial Insights are predicting that 66 percent of the figure will come from mobile commerce with proximity payments, such as near field communication (NFC) ...
McCarthy told CalvinAyre.com that SwitchPoker’s use of Bitcoin was not without its challenges, such as the fact that “all payments are final.” Bitcoin’s ability to forego the use of banks and online e-wallets by sending payments directly to the consumer eliminates the ability to rever...
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 signi...
While bitZino might be breaking ground with its ‘look ma, no (cheating) hands’ openness, it’s far from the first bitcoin gaming site out there. While some, like SwitchPoker , include bitcoin as an option alongside more traditional methods of payment, a growing number only accept bitco...
While bitZino might be breaking ground with its ‘look ma, no (cheating) hands’ openness, it’s far from the first bitcoin gaming site out there. While some, like SwitchPoker , include bitcoin as an option alongside more traditional methods of payment, a growing number only accept bitco...
