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Will All Payments Eventually Become Electronic?

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Online business has become an ever-increasingly large portion of the worldwide economy in the last few years, becoming the chosen favourite methods of shopping for many. Growing alongside this new method of business are the electronic forms of payment which we use to engage on this front. From Paypal to Skrill, and even cryptocurrencies like Bitcoin and Ethereum, the popularity of these systems leave the burning question: will they ever replace cash?

Before answering this question, we need to look at just how electronic payment methods have become so popular, and how widespread they have now become.

The biggest name in this market is undoubtedly that of PayPal. Originally launched all the way back in December of 1998, PayPal boasts 254 million users of 2018 according to official stats, and that number is only growing. The success of this and similar form of payment owes its progress to two advantages, efficiency and safety.

While it is true that credit cards can be equally fast, they also incur interest, and many who do not wish to enter avoidable debt evade their use entirely. Electronic wallets work only on direct funds, meaning users won’t fall into the trap of being left in the red.

On the security front, the advantages come from the separation which electronic wallets have from a user’s bank account. While security systems for these online systems are still strong, it works as an initial hurdle for potential theft so that even in the worst case situation, the majority of a person’s liquid finances should remain safe.

Aiding in the positive inherent qualities of these electronic systems are the wide variety of businesses which have driven their popularity. Online casinos have been one of the biggest in this regard, prompting significant international interest to electronic payment systems. For instance, Sloty online casino offers withdrawals over the likes of Neteller, Paysafecard, Skrill and EcoPayz, just to name a few. Given the fact that millions enjoy these online systems and the slots and live casino games contained within, and that other industries tend to follow the money, these casinos have added a significant amount to the proliferation of electronic payment systems.

The final step on this front is the growing interest in the newer realm of cryptocurrencies. These anonymous payment systems are still fluctuating, but represent enormous future potential, with some major brokerages like one in Brazil just recently allowing their trade on a larger stage than ever.

As for the future of these payment systems, current trends show them on a definite upward trajectory. This makes sense, as both increasing levels of online engagement and online purchases lead to a situation where electronic systems are becoming ever more useful.

This trend leads to the inevitable conclusion that they will continue to play a larger part of future payment systems. However, as to whether or not they will cause us to stop using cash altogether, the answer would have to be no. While there is little doubt cash will become less important, we always need to keep in mind that cash is reliable on a level which digital systems could never manage, and as such it is far too useful to abandon completely.

It is true that many of us effectively operate in a cashless manner anyway, but the option for cash as a backup is too useful to ever abandon, as 100% reliable electronics are still an impossibility.

Bitcoin

How to Play Video Poker Online

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Ever since the early 19th century, poker has mesmerizeda big portion of gamblers and casino customers from all over the world. Poker, unlike many other casino games, adds an element of skill and gives players a chance to have more success at playing the game if they practiceit enough and learn how to make the right decisions. 

Another feature of poker is that it can’t be played by a single player — there always needs to be an opponent, which is not the case with baccarat, blackjack, or other common card games.

Actually, that was the case until video poker was invented in the early 70s. This version of poker requires no interaction with the dealer whatsoever and it can be played by only one person. In a way, video poker is similar to a slot machine. Although the rules are not the same, the basic principle is – virtual play, one player, no dealer, and the outcome decided by a random number generator.

Today, you don’t need to go to a land-based casino to try video poker. Instead, you can visit one of many online casino sites that offer this type of game for real money gambling. You can even try bitcoin video pokerand deposit money into your account using this cryptocurrency.So,what is video poker and how can you play it online? First, let’s go over some basic rules of the game.

Video Poker Rules

Video poker is based on the variation of the game called five-card draw. It uses a standard 52-card deck or 53-card one in the case of Joker’s Wild.

At the beginning of a round, the player will get a total of five cards. Depending on the cards that were dealt, the player decides which ones to discard and which ones to keep. The player is not going against any other opponents, and the goal of the game is to create the best possible hand combination.

Here are the hand ranks of video poker set from the lowest to the highest:

  • Jacks or Better– a pair of Jacks, Queens, Kings, or Aces
  • Two Pairs– two sets of two cards of the same rank
  • Three of a Kind– three cards of the same rank
  • Straight– five cards in consecutive order (e.g. 4, 5, 6, 7, 8)
  • Flush– five cards of the same suit
  • Full House– three of a kind plus a pair
  • Four of a Kind– four cards of the same rank
  • Straight Flush– five cards of the same suit that are also in consecutive order
  • Royal Flush– the best possible straight flush (10, J, Q, K, A)

The Ace is the highest card, but it can also be used at the front end of a Straight (e.g. A, 2, 3, 4, 5).

Video Poker Payouts

Since there are no opponents, and therefore, no pot, the rules for payouts in video poker are a little different than in variations of the game that are multiplayer.

Namely, the payouts of video poker are fixed, so you will always know how much cash you can potentially win if you make a certain hand combination. 

The Jacks or Better version of the game, which is the most common one, pays 1 to 1 for pairs that include a pair of Jacks or a pair of higher-ranked cards. The largest payout, of course, is for the Royal Flush, which pays out 250 to 1. However, there’s an exception. If you bet the maximum amount of coins, which is usually 5, and land a Royal Flush, you will win a jackpot that pays 800 to 1.

Here are some video poker payout tablesthat can help you keep track of your winnings.

  How to Play Online

If you’re new to the world of online gambling, here is how you can try video poker on your computer or mobile device.

First, you need to find a renowned casino site that offers video poker. There are plenty of those around, so you won’t spend much time looking for one. Next, you will be required to create an account on the website by filling out an application form and typing in some of your identification and banking details. Once your account has been verified, you can choose one of several ways to deposit money into your account. Then, simply find video poker on the casino site and start playing. Good luck!

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Bitcoin

Pros and Cons of Bitcoin in Sports Betting

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Source: James Geibler via Twitter

The popularity of bitcoin and cryptocurrencies have opened up a new world of payments online, which has even spread into sports betting markets. New online betting companies are readily available, offering a wide variety of odds on almost every sporting event across the globe.

The new companies still have a long way to go before challenging the traditional payment forms of sports betting, who are firmly entrenched at the top of the market. Both have their benefits and their disadvantages, and we’ll now break down the reasons why the traditional forms of sports betting companies will continue to enjoy a stranglehold at the top of the market for a while yet.

Stability

Although the price of traditional currency can vary from day-to-day, month-to-month, and year-to-year, the movement in their value is minute compared to cryptocurrencies. For example, the British pound dropped significantly against the US dollar and the euro after the Brexit vote in 2016.

The value plummeted as low as 10% against the dollar and 7% against the euro. However, over time, the markets were able to stabilize; since then, there has been no notable difference in day-to-day life.

Volatility

Source: Michael39352078 via Twitter

On the other hand, Bitcoin enjoyed a boom over the last five years, sending its share price soaring.  In 2018, it suffered a dramatic decline. In 2017, 1 BTC was worth 19,772.59 CAD, compared to the end of last year when the same amount of bitcoin could be purchased for only $5,255.21 CAD. This volatility can be troublesome for online bookmakers pricing their odds and also for customers seeking to find the best exchange rates.

A huge win on a bitcoin sports betting service could be nullified by a poor rate of exchange when attempting to seek a transfer for traditional currency. Even the simple rewards structure highlights the issue; for example, when using Oddschecker to bet on odds from SkyBet or another service, bettors can receive a £5 free bet, compared to the 0.001906 BTC that would be gained in the cryptocurrency.

Security

Traditional betting companies do enjoy excellent security, although as proven by the number of high-profile institutions that have endured lapses – no business is 100% safe from data loss. When the data include credit, debit, or even personal information, it can be dangerous for customers.

Although occurrences of data loss are rare, the concept of bitcoin and cryptocurrency provides a firmer form of security given that only the transaction code is maintained when a bet is made, keeping personal information out of harm’s way. It could be the draw that helps swing customers into their path in the future.

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Bitcoin

Is Bitcoin casino a good entertainment option?

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What are the advantages of Bitcoin casinos?

As technology progresses it makes its way through every aspect of our daily lives like work, relationships, and entertainment. Blockchain gave birth to cryptocurrency which is spreading so rapidly that we can now use our digital currency for shopping, various payments, even test our luck at an online btc casino.

 All the benefits of blockchain including anonymity, security, fast transfers, and absence of conversion losses are awaiting you with Bitcoin casino gaming. Nevertheless, let’s take a more profound gaze at some of the most important features of this sort of entertainment.

Anonymity – BTC Casinos don’t require personal information

Gambling is not allowed in many countries, both online and offline. However, when it comes to Bitcoin casinos any form of restriction becomes obsolete. Instead of filling out your personal information forms and providing credit card information, BTC casinos like FortuneJack are keeping your activities anonymous. Not only when making a deposit, but your information is also not requested even when you make withdrawals.

Licenced Bitcoin casinos are Safe and Secure

Thanks to the blockchain technology, and it’s decentralized nature, your activities are perfectly safe, as are your winnings and transactions which are performed under strong encryption. Furthermore, all the transactions are strictly peer-to-peer, which means no third-party entities are involved. In addition, with two-factor authentication, you can make sure that all your actions are authorized by you.

Bitcoin casinos offer Variety of Promotions

It’s always nice to feel appreciated for your loyalty, and Bitcoin casinos really know how to show their appreciation. There are always some promotions and bonuses available for players including free spins, bonuses on certain deposit amounts, partial retribution of monthly losses and others.



Fast Withdrawals

Another perk of blockchain technology includes almost instantaneous. There is no need to wait for days until the money is at your disposal. With regular casinos, it can take days until you have the money in your hands, and the transaction fees are always a rip-off.

Game Variety

A casino is only as good as the entertainment options it can provide. Bitcoin casinos are nothing less entertaining than regular online casinos, or brick and mortar for that matter. The choice of games varies depending on the provider; however here are some of the most notable gaming options.

 Bitcoin dice is a well-known game of luck with fixed house edge where the player rolls the dices and bets on the outcome of the roll.

Bitcoin roulette is another famous game where player bets where the ball will end up once it’s dropped on a spinning wheel.

Bitcoin Blackjack is a card game where the player needs to beat the dealer by scoring closer to 21. Most Bitcoin casinos provide a versatile choice of Blackjack games.

Bitcoin Slots don’t differ from those you could play in Vegas. There are all kinds of slot games like 3D slots, Video slots, and classic slot games where all you have to do is to chip in and wait for the coins to start raining.

24/7 Support

It’s important to know that there’s someone looking after your best interests while you’re having fun. With 24/7 support available you can address any issue that comes in your way. Most casinos have their own knowledge base as well, which is often more than enough to settle any perplexity.

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