Online Bitcoin Casinos Benefit from Rise of Bitcoin Price in June

2 July 2014

Entrepreneurs who want to buy online Bitcoin casino should know that the price of Bitcoin has increased by 6 percent after California decided to approve a bill that legalizes digital currencies on June 30. Starting this week, California residents can use the crypto-currency as means of payment. California governor Jerry Brown said that other forms of crypto-currencies have also been approved in the bill.

Thus, operators who buy online Bitcoin casinos were able to make transactions with the digital currency at a rate of $653.73 on June 30, when the bill was passed. The recent event has shown that there will be greater corporate acceptance for the Bitcoin in the near future. When digital currencies started to make their mark on the internet, there were a lot of comments regarding the fact that Bitcoins could be used for illegal activities, such as money laundering.

However, the popularity of the Bitcoin is starting to attract a large number of companies that are willing to accept Bitcoin as a form of customer payment. It has been recently reported that companies such as online retailer Newegg or online travel agency Expedia now allow transactions with Bitcoin.

Operators who buy online Bitcoin casinos might like to take advantage of the increasing popularity of this cryptocurrency, especially due to the fact that companies like Newegg or Expedia generate significant revenue that will definitely boost the Bitcoin industry in the near future. The rise of Bitcoin shows that companies and regulators are starting to become more interested in the benefits that this crypto-currency can provide, which means crypto-currencies are here to stay in the long run.

2 July 2014

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