In terms of alternative currencies that are not controlled by governments, the crypto-currency Bitcoin is by far the most successful and well known to date. There are many reasons for this, the biggest being that no one controls the digital currency and it can easily change hands in anonymous transactions or held safely electronically. Despite a variety of setbacks, there is still a huge amount of optimism around the crypto-currency’s use and one area where Bitcoin use is booming is in online gambling and games.
The continual growth in the use of Bitcoin within online games and gambling mirrors that of smartphones and other mobile devices which is one reason why the currency has taken hold there. However there are other factors that have contributed to this trend as we shall see below:
A User Friendly Currency
As more and more businesses moved their services online, digital payment solutions such as PayPal were created to handle the customers’ transactions on the platform. Bitcoin has risen from this normalisation of electronic money and its qualities have captured the imagination of today’s digitally savvy generation. Bitcoin is seen as user friendly