Bitcoin is quickly becoming one of the fastest growing payments forms for a series of online poker rooms. Bitcoin works by essentially being its own electronic currency without the need to include a bank to issue funds into your poker account. There are a number of wallets which you simply buy Bitcoins from before then transferring these coins into your poker client.
What’s been interesting to see is that a lot of the poker rooms (such as BetCoin and Nitrogen Sports Poker) offering this Bitcoin service do so solely through the electronic currency with very few actually offering ‘real money’ money as well. This has its advantages and disadvantages, but the main positive that comes out of all this is a way for US based players to legally, essentially play poker for real money.
What’s been interesting to see is that a lot of the poker rooms (such as BetCoin and Nitrogen Sports Poker) offering this Bitcoin service do so solely through the electronic currency with very few actually offering ‘real money’ money as well. This has its advantages and disadvantages, but the main positive that comes out of all this is a way for US based players to legally, essentially play poker for real money.
So, where does the mobile market come into all of this? Well, Bitcoin poker sites are becoming ever popular and with more poker sites joining this trend then this means an increase in competition. An increase in competition can only be a positive in terms of being a punter and the latest craze is undoubtedly in mobile poker.
It’s important to understand that these Bitcoin powered poker rooms are just the same as ones that you are more used to, just the banking process works differently with the use of Bitcoins. This means that they have all the capabilities of producing a mobile poker app, with some already starting to filter in.
The interesting thing will be not only to see how the mobile poker industry works with the use of Bitcoin, but also to see how many established, more traditional sites start to incorporate the use of Bitcoin on their site; if at all. It’s pretty understandable that all poker sites will be doing their utmost to get as many players through their doors as possible and by incorporating Bitcoin as a payment method this will obviously do this.
BITCOINS NEEDS TO ESTABLISH ITSELF WITH MAJOR POKER SITES
The downsides for many will be the reliability of these sites long term. A lot of online poker players look for sites that are established, have a good record within the industry and most importantly, are proven to be secure with their funds. These Bitcoin sites are all generally pretty new - baring the odd few companies that have incorporated Bitcoin as a secondary payment method – meaning that they have no reputation to work with.
The same argument really goes into mobile poker as well. A lot of players are still sceptical as to how secure it is depositing money or even sharing details via an app. But what people need to understand is that with Bitcoin and mobile poker, it could potentially be a marriage made in heaven with the connection to the poker room being pretty much minimal. In fact, there is no connection with anything monetary really; it’s just all via the electronic currency that is Bitcoin.
It’s important to understand that these Bitcoin powered poker rooms are just the same as ones that you are more used to, just the banking process works differently with the use of Bitcoins. This means that they have all the capabilities of producing a mobile poker app, with some already starting to filter in.
The interesting thing will be not only to see how the mobile poker industry works with the use of Bitcoin, but also to see how many established, more traditional sites start to incorporate the use of Bitcoin on their site; if at all. It’s pretty understandable that all poker sites will be doing their utmost to get as many players through their doors as possible and by incorporating Bitcoin as a payment method this will obviously do this.
BITCOINS NEEDS TO ESTABLISH ITSELF WITH MAJOR POKER SITES
The downsides for many will be the reliability of these sites long term. A lot of online poker players look for sites that are established, have a good record within the industry and most importantly, are proven to be secure with their funds. These Bitcoin sites are all generally pretty new - baring the odd few companies that have incorporated Bitcoin as a secondary payment method – meaning that they have no reputation to work with.
The same argument really goes into mobile poker as well. A lot of players are still sceptical as to how secure it is depositing money or even sharing details via an app. But what people need to understand is that with Bitcoin and mobile poker, it could potentially be a marriage made in heaven with the connection to the poker room being pretty much minimal. In fact, there is no connection with anything monetary really; it’s just all via the electronic currency that is Bitcoin.
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