Bitcoin and iGaming: Disruption Comes From Your Blind Spot

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Bitcoin and iGaming: Disruption Comes From Your Blind Spot Jon Matonis (@jonmatonis) | Published on March 14, 2015 at 13:30 GMT It has often been said that . But what does that really mean? For starters, it means that online gaming, more than anything else, is all about the customer experience. Whether it’s a land-based >provides all three. I recently made the prediction that within five years, half of the top 10 iGaming operators will be BITCOIN-only. Of course, the mainstream operators don’t see it that way and I wouldn’t expect them to. They have a profitable and expanding business model with national fiat currencies. Why would they want to disrupt that revenue stream? Funny thing about disruption though is that it rarely comes from within. Disruption comes from your blind spot. While major iGaming and industry conferences in the west have paid lip service to bitcoin and cryptocurrencies as alternative payment methods, they have simultaneously relegated it to a niche solution where presentations are neatly tucked away in a side corner. Kodak did the same thing after surprisingly inventing the first digital camera in 1975. Reshaping the iGaming market The grand opportunity with bitcoin is not with the major operators, …

The Age of Cryptocurrency’ is Perfect Introduction to Bitcoin and the Blockchain

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‘The Age of Cryptocurrency’ is Perfect Introduction to Bitcoin and the Blockchain by ME on March 13, 2015 Commentary by Jacob Donnelly. At least twice a week, I get asked about Bitcoin. More people in my network realize I write about it, so they naturally want to know what it is, how it works and whether it’s a Ponzi scheme. I quickly realized that I had rehearsed the perfect answer to every question. At least, I thought it was the perfect answer to every question. Then I read The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order by Paul Vigna and Michael J. Casey. The two are Wall Street Journal writers, and this is their attempt at explaining the history of digital currency, the inception of Bitcoin, its evolution and future. “Our hope was simply to tell a good story well, to write something that could stand for years as a definitive document. I think we’ve done that,” said Vigna in an email to Bitcoin Magazine.  This book should be required reading for anyone who has an interest in digital currency or the capabilities of the blockchain. The book opens with an implemented use case …

How Can I Buy Bitcoins?

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Last updated: 23rd December 2014 Now you’ve realized bitcoin is the money of the future, the next step is to get some bitcoins. But how? This guide will tell you what you need to know. You can buy bitcoins from either exchanges, or directly from other people selling them. You can pay for them in a variety of ways, ranging from hard cash to credit/debit cards to wire transfers, or even with other cryptocurrencies, depending on who you are buying them from and where you live. Surprisingly, it’s still not easy to buy bitcoins with your credit card or PayPal. This is because such transactions can easily be reversed with a phone call to the card company (ie: ‘chargebacks’, one of the problems bitcoin is here to solve). Since it’s hard to prove any goods changed hands in a transfer of bitcoins, exchanges avoid this payment method and so do most private sellers. However, the options have recently grown for consumers in some countries. In the US, Coinbase, Circle, Trucoin and coin.mx all now offer purchases with cards. Bittylicious and CoinCorner also offer this service in the UK, accepting 3D Secure-enabled cards on the Visa and MasterCard networks. For small amounts of bitcoin, you can use a card to buy $20-worth at …

Bitcoin Anywhere: A Bitcoin to Credit Card Gateway From Abine and Coinbase

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Bitcoin Anywhere: A Bitcoin to Credit Card Gateway From Abine and Coinbase by CoinGreed on March 10, 2015 Abine announced the release of Bitcoin Anywhere, a new service that lets users spend bitcoin at all online merchants that accept MasterCard. The service, currently in an invite-only beta, permits funding of a Blur “Masked Card” from a Coinbase wallet. Currently, Bitcoin Anywhere is available only to invited users of Abine’s Blur premium service. Blur Masked Cards are one-time MasterCards created on-the-fly by Abine, which can be used at all online merchants that accept MasterCard, which, in practice, means all online merchants. Masked cards don’t compromise the user’s real name and address and have a built-in limit to avoid hidden charges. “When a user makes a Masked Card, we are issuing a limited-balance, limited-duration credit card for that transaction. When you generate a masked card we charge your funding source,” said Andrew Sudbury, Abine co-founder and CTO. Bitcoin Anywhere aims to make bitcoin payments widespread by automatically signing up all online merchants. Only the users know that they are paying with bitcoin, whereas the merchants continue to use their credit card payment systems. The Abine announcement notes that leading venture capitalists invest …