Founder of Bitcoin Embassy Alex Sudadze will deliver presentation on the benefits of Bitcoin for online gambling industry at Georgia Gaming Congress. The presentation will allow to learn more about the Bitcoin and blockchain technology, which are used in many business areas, such as finance, retail, logistics.
As for the gambling industry, the use of Bitcoin allows players and casino operators to avoid the double currency conversion. The opportunity to play on bitcoins attracts new casino players because of the high speed and the anonymity of transactions. Bitcoin usage in online-gambling is “gray area”, which cannot be controlled or eliminated due to the nature of Bitcoin.
Availability of Bitcoin payments could be a solution not only for residents of countries where gambling is prohibited or restricted. As an alternative currency Bitcoin is used in countries with unstable or stagnant financial system.
In recent years, the number of online casinos accepting bitcoins has increased significantly. As a rule, bitcoin casinos offer players the highest probability of winning, as well as fast deposits and withdrawals.