The Bitcoin gaming industry has been growing rapidly the past years, with more and more new sites popping up, as well as established sites integrating the cryptocurrency as a payment method. Furthermore it is expected that the Bitcoin gambling industry will grow even more in the next few years, which makes it interesting for investors looking towards the gambling industry.
While the Bitcoin gambling industry started out with some small sites started by people with little to no experience in the field, it is now seeing a takeover from experienced gambling industry people. These people are looking to take the Bitcoin gambling industry to the next level and make it as popular as the fiat-money industry currently is.
One of the sites who are looking to benefit from the popularity of the Bitcoin is the Turkish Bitcoin gambling site betkurus.com, who serves customers from around the world, but started out in Turkey.
The site was launched back in October of 2014 and went in a direction that we see more and more sites do, obtaining a gaming license to offer regulated and safe games. They hold their license in Curacao, who regulates all financials, games and everything else to ensure the safety of the players and the games at all times.
Betkurus is looking to take over a substantial part of the Bitcoin gambling industry and has just received $670,000 in investments to make that happen. The investment came from Hong Kong-based payments provider company CoinMatrix, who are looking to help Betkurus develop their product line to gain market shares.
Besides the massive investment in Betkurus, CoinMatrix also integrated cutting-edge payment systems into their platform. It is now possible for customers to have instant Bitcoin-to-fiat deposits done on their accounts, without having to wait hours for the site to find the correct exchange rate.
This provides players with the possibility to turn their Bitcoins into fiat-money instantly at market rate and gamble anonymously on the site, through the currency of their choice which includes USD, Euro and many more.
There’s no need for any banking accounts, to verify their identity or similar hassles before starting to play. It also provides the stability in value that the fiat currency provides along with the security of the Bitcoin as every transaction is recorded on the blockchain.
The Bitcoin gambling industry is currently being valued at around $320 million annually, but the numbers are increasing every year, with the fiat-money gambling industry also integrating Bitcoins as a payment method in a rapid paste.
While this does provide a great way to gamble without having to care about the volatility of the Bitcoin, it is not going to replace Bitcoin-only gambling. Many people prefer to just deposit their Bitcoins, play and then cash out, without having to think about the fiat-value of their coins.
There are many good sites that you can bet with Bitcoins on, which you can find in our review section.