There is some gossip going around that PokerStars is considering to accept Bitcoin as a payment method.
PokerStars rules the online gambling arena:
Currently the top online poker website, PokerStars has a customer base of nearly 50 million members and it is by far the leading gambling application in the world. If the rumors are true, US players may even be able to play real online poker as bitcoin surpasses the restrictions imposed by the Unlawful Internet Gambling Enforcement Act, which forbids banks to send payments to gambling websites. Given that a large number of people are already using bitcoin, it won’t be a surprise if the digital currency breaks down the walls of the poker community by allowing users to recharge their accounts.
Should PokerStars accept bitcoin?
Given the reputation of PokerStars, the reliability of digital currency will skyrocket. Moreover, it is very likely that similar websites will consider using cryptocurrency to improve their market position and be more competitive. But perhaps the biggest advantage for the online poker site will be the cut down in operational costs. This will leave more room for putting more money in promotion and loyalty rewards for poker players. And of course, as bitcoin is not regulated, it allows PokerStars to enter the grey zone of any unregulated online poker market with a large population like China or India.
Rumors are rumors:
Since June 2014, when Amaya Gaming acquired PokerStars many changes have taken place. There is nothing certain about the adoption of cryptocurrency, yet rumors are flaring up. For the moment, nothing is certain, however, if there is money in the picture by allowing bitcoin deposits, PokerStars may reconsider.