In recent years, cryptocurrency has infiltrated a number of industries and sectors on a global scale. As well as injecting an extra layer of safety and security for e-commerce businesses, however, it has also been adopted as a common payment method for online casinos and global poker tournaments. This news has been met with both praise as well as criticism from poker fans around the globe. Continue reading to familiarise yourself with the benefits of accepting cryptocurrency as a payment method at the World Series of Poker.
It can bypass currency conversion struggles
If you live outside of the United States but are interested in participating in the World Series of Poker tournament, you may be forced to convert your winnings to US dollars before you return to your home country. This, in itself, may not be a difficult process from start to finish but it can demand a considerable amount of time, effort, and patience. By accepting cryptocurrency as a payment method at the World Series of Poker, players can pay for their buy-in and cash out their winnings with cryptocurrency in a matter of minutes with no need to undergo the time-consuming conversion process. If and when you are ready to sell your cryptocurrency, you can do so via your preferred exchange or via a private transaction in the currency of your choice.
Payments can be completed and secured quickly
When it comes to traditional payment methods, your winnings can take several days to land in your account and may even require intervention from a third-party to do so. When it comes to cryptocurrency payments, on the other hand, your winnings can be transferred to you in a matter of minutes and with an extra layer of safety and security. This is one of the main reasons why cryptocurrency has been adopted by a number of top-rated online casinos, such as ggpoker.co.uk, in recent years. As a participant at the World Series of Poker, lengthy withdrawals and slow transfer speeds should be the last thing on your mind. By adopting cryptocurrency as a payment method at this year’s upcoming tournament, international players will no longer be required to transport large sums of money on their person as they travel to and from Rio.
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It can encourage online players to get involved
With cryptocurrency accepted as a valid payment method at a growing number of online casinos, the World Series of Poker following suit can encourage online players to get involved. This can lead to a resurgence of the sport of poker as well as greater participation across online and in-person matches on a wider scale. Whilst it may be better suited to online versions of the sport, there are a number of wide-reaching benefits of adopting cryptocurrency as a payment method for the upcoming World Series of Poker tournament. As a first-time participant or an established online player unfamiliar with how cryptocurrency can impact the poker playing experience from start to finish, it can be the difference between them straying from the event or deciding to, finally, put the skills they learned online to good use by putting their cards on the table.
As cryptocurrency continues to take over the world, the upcoming World Series of Poker tournament is considering adopting cryptocurrency as a payment method. Whilst this has been met with criticism from players and fans alike, it may benefit both parties to know that it can bypass currency conversion struggles, payments can be completed and secured quickly, and it can encourage online players to get involved.