Tag: bitcoin

BitCoin Online Casinos
casino blog
28 August 2017

BitCoin is the biggest shakeup to how we trade and spend money and it's big news at US online casinos right now. BitCoin could make it easier to play online, and could even give you better bonuses. What exactly is BitCoin, and how can you take advantage of this new digital currency at your favorite online casino?

What is BitCoin?

BitCoin is the latest and the most revolutionary form of currency to hit our (virtual) wallets. BitCoin is a cryptocurrency, which basically means it is a form of digital currency. It is entirely virtual – BitCoin is created virtually, stored electronically, and spent online. No one can have a BitCoin in their pocket, unless that pocket is an electronic one.

BitCoin was created by a software developer – or a group of software developers; no one really knows – “named” Satoshi Nakamoto in 2008. They/he/she proposed the system as a form of electronic payment based on mathematical formulas. By 2015, there were over 100,000 BitCoin merchants and vendors accepting the currency. You can use BitCoin as you would any form of electronic payment, or save it as an investment.

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