Steven Stradbrooke posted on CalvinAyre.com (@CalvinAyreNews) regarding Bitcoin’s advances made in use for online gambling. Excerpts:
"Bitcoin seems an ideal payment solution for online gambling sites, yet adoption has been confined to the sector’s smaller operators. None of the major gambling sites we spoke to would even cop to having had internal discussions regarding offering a Bitcoin option to their players."
"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 reverse a transaction. ‘This means that fraud issues need to be handled differently. Extra checks are performed before sending Bitcoin payments out.’”
“‘Bitcoin’s potential pitfalls are vastly outweighed by its strengths’ [says MacCarthy]. ‘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.’”
"McCarthy says once users give Bitcoin a try, ‘they tend to stick with it, whereas customers who do not use Bitcoin would often switch from one payment method to another.’"
"Micon [with SealsWithClubs.eu] told CalvinAyre.com that it was currently easier to convince Bitcoin devotees to play online poker than it was to convince poker players to use Bitcoin. “We are still only to the early adopter stage of this technology."
”Seals ‘does no banking whatsoever’ with US institutions, ‘only Bitcoin in and Bitcoin out’,”
- http://bitcointalk.org/index.php?topic=124437.0 (Further discussion of the topic of Bitcioin and gambling)
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