The gambling industry is one endevour surrounded by a lot of misguided policies put in place by the government in order to dictate how the cash earned from betting is spent. Gamblers don’t enjoy the luxury of spending their winnings in whichever way they please since the long hand of the law is always in their way. It’s for this reason that crypto more so Bitcoin Cash is appealing to this group of fun lovers.
According to some reports, cryptocurrencies were first applied in the gambling industry. The anonymity that comes with blockchain technology is one of the most appealing factors to gamblers. Among the top currencies, Bitcoin leads in market capitalization followed by Ethereum and Ripple. Bitcoin Cash has risen to top 4 especially to its upgrade that took place in May.
Why Bitcoin Cash?
It’s seems that BCH has the ability to do so much more than other cryptocurrencies. One of the major improvements that came with the May upgrade was increasing the block size to an incredible 32 MB. The BCH team also increased some OP codes in order to enhance its functionality. It’s said that BCH through its advanced functionality already achieved its premier ‘atomic bet’. It’s for this reason that gamblers are switching to BCH.
Jonas Odman who’s a popular name around the gambling world has termed BCH as ‘the neteller for online poker players’. According to Odman, they hope to increase the usage of BCH especially because its much cheaper and cashing out is super-fast . Neteller is a popular platform favored by merchants to transfer money electronically.
Global poker is working to add BCH to its platform through Bitpay since the gaming giant believes that the cryptocurrency will be a game changer. Since the online poker industry is massive in size, adoption of BCH by most of the players will really help in its scalability. The BCH community is also growing with its fan base increasing by the day. The community hopes to get more merchants on board in order to increase popularity of this crypto.