Written By: Dan Pearson
December 6, 2012

Newest online Payment Option Bitcoin Virtual!

This newest online currency option Bitcoin is gaining traction with online gambling operators and poker rooms worldwide.  Following something as futuristic as this virtual currency seem sort of off the wall and a bit crazy, but in the first place this virtual currency has value, real money value that is once you find a trader to convert them to pounds, dollars or euro’s if you care to bother.  Considering some of the traditional currencies on today’s market they can be a little dicey particularly in Europe. This currency is gaining speed with online gambling operators and poker rooms worldwide. 

One instance of a successful offering in the online poker world is that of Switch Poker that started giving players the option of the Bitcoin currency about a years ago and now the poker room has stepped it up a notch and will start offering a Bitcoin only section and that is a move in response to those players that are devotees of the virtual currency that wanted to be able to leave there accounts in Bitcoin money to play.

Online gaming sites are not the only business converting to the optional currency. Recently the popular WordPress online publishing service announced it would begin accepting Bitcoin as payment for various upgrades. Andy Skelton a spokesperson for WordPress said, “PayPal alone blocks access from over 60 countries and many credit card companies have similar restrictions … “The idea that Bitcoins are safer because they are not connected to the gold standard currency world is disputed by some whom think that Bitcoin is destined to fail. Another online poker operator Infiniti Poker a new start up on the web uses Bitcoin to offer US players a way to get paid. Michael Hajduk, Infiniti Poker founder said while speaking to PokerFuse “In the worst case scenario, if [the US Department of Justice] seize our domain name your Bitcoins will be safe because there’s no central authority controlling the currency.”

The virtual world needs its own money and the Bitcoin apparently seems to be fitting in nicely.

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