Bitcoin pokerstars
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CRYPTO TRADING RISK MANAGEMENT
Blockchain offers wallet services that can be used to make free worldwide payments. Blockchain can be used to deposit and withdraw directly to online poker and gaming sites such as PokerStars. An even easier option is to get a BitPay MasterCard which allows a poker player to load up their card with Bitcoin, which is then instantly converted to US dollars.
Once you have the card, you can instantly reload it through an app with no conversion fee. Costa Rica-based Winning Poker Network Loves Bitcoin Winning Poker Network, based in Costa Rica, is an online poker platform supporting several online poker websites around the globe; recently the network has reported a huge demand for Bitcoin payouts.
Established in , WPN has grown to rank second in USA for traffic and is one of the most respected poker networks anywhere. A Tax Work Around? Requesting Bitcoin may also be a way to avoid paying taxes, observed Aaron Brown , a writer for Bloomberg Opinion and a crypto investor. Several members of the bitcoin community have already made various requests to the online poker provider regarding the acceptance of the virtual currency; however, Pokerstars until now has shown reluctance and unpleasantness in dealing with bitcoin.
Currently there are many poker games that already accept bitcoin, and have shown great profits. Now, the world leader in online Poker Gaming seems to be determined to include the crypto currency as a way of payment. According to the Gambling Compliance site, PokerStars is also trying to establish Bitcoin as an alternative currency in the eGaming market.
This would be terrific news! It could even allow US players to start using Pokerstars again, since there are restrictions according to the Internet Gambling Enforcement Act blocking banks from sending payments to gambling sites. PokerStars already dealt with US justice before, and has been trying to get back to the US market once again and this may be the perfect way to do it! This feature could leverage their immense cash holdings in order to handle the exchange rate risk inherent in dealing with any currency exchanging.
So there is an immense potential and superior benefits for Pokertars start accepting Bitcoin!
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