Roundup: New Bitcoin Tools, CoinFestUK, & Altcoins

Chris in Bitcoin & Cryptocurrency published on 27, February 2016

New Bitcoin Tools to Interest Gambling Community

Bitcoin technology is quickly evolving as time passes. Multiple ways of doing transactions or storing bitcoins are being developed, to the advantage of many online gamblers. The new Bitcoin tools like 21 Bitcoin Computer and KeepKey are just two new examples of innovations that would be of interest to many players.

“The new Bitcoin startups that would interest Bitcoin gamblers are 21 Inc. and KeepKey. 21 Inc. offers the 21 Bitcoin Computer, which is an excellent development platform and introduction to the Bitcoin phenomenon for many. KeepKey, on the other hand, delivers a secure tangible Bitcoin wallet. The device would be an excellent place for a Bitcoin gambler to store their hard-earned gains.”

CoinFestUK 2016 Welcomes Volunteers On Board

The UK’s first CoinFest is about to begin, but it will take a lot of work to be a success. This is why they are asking for volunteers to help them out. There is a lot to be done and the organizers need all the assistance they can find for a successful event this year.

“What makes CoinFestUK 2016 special is the distinct honor of being the UK’s first actual CoinFest. Bitcoin enthusiasts all over the country are expected to drop by, as well as those from further abroad. The organizers, Manchester-based CryptoBatesGroup, want this to be a memorable experience and this can be seen in their efforts.”

iGaming Sector Nods At Altcoin Market Growth

The altcoin market growth continues to steal the spotlight as talks of them being possibly integrated into Bitcoin ATMs make buzz in the cryptocurrency community. BitGo has even teamed up with to expand its business coverage, enabling its users to instantly exchange their bitcoins for other cryptocurrencies.

“While some Bitcoin users may find the inclusion of other cryptocurrencies a step backward from pushing Bitcoin into the mainstream, the iGaming sector is supportive of the altcoins. The abundance of online casinos that support payments in altcoins is a proof of the positive reception of the Bitcoin alternatives in online gaming.”

Bitcoin Casino Players: Haunts and Spending Habits

Knowing where Bitcoin casino players spend their time online is important to casinos wanting to advertise their presence. A brief overview of online hangouts and where Bitcoin enthusiasts are can help target marketing efforts.

“Bitcoin casino players are usually Bitcoin enthusiasts when they are not at the gaming tables. Anyone who wants to learn more about Bitcoin should drop by the two biggest sites of the community. One is the Bitcoin-centric Reddit community, r/Bitcoin, on the popular networking service, and the other is the premier Bitcoin forum,”

Bitcoin Payments: The Different Casino Approaches

Processing Bitcoin payments may seem easy, but that is only for one-on-one transaction. For businesses like casinos that need to handle hundreds of payments and withdrawals, they will need to use different approaches and Bitcoin payment processing solutions to meet their needs.

“Online casinos and other gaming venues that accept Bitcoin often turn to Bitcoin because of its low overhead and the fact that it isn’t as regulated. The lack of regulation is a boon for smaller gambling sites that would find paying expensive gambling licenses backbreaking.”

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