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Why Cryptocurrency is the Future of Online Gambling

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The gambling industry has flourished upon the introduction of cryptocurrency-and there is no stopping it for the foreseeable future. Many industries today are seeing the benefits of blockchain, and for that reason they have chosen to utilise cryptocurrency to ensure seamless security for both consumer and merchant. Gambling is an industry that undoubtedly rose within the pandemic, and with such a push towards blockchain and the perfect experience it brings for those that possess crypto, you can understand why many chose to introduce themselves into that world now rather than before. 

While there are many gambling candidates that utilise crypto digital wallets within the market today,newbettingsites is the perfect establishment for those that have yet to explore the benefits that cryptocurrency brings towards gambling pastimes. Below is an elaboration of those benefits, if you may perhaps still be on the fence when it comes to combining cryptocurrency and online gambling.

Complete Anonymity 

The main reason that gambling and cryptocurrency make a perfect match, is the complete anonymity that it brings. The main crypto currencies such asBitcon, Ethereum, Dogecoin etc. give gamblers a level of the utmost privacy. All transactions made are not done so through a central banking system, meaning no governmental body can ever be involved within each separate transaction.

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No other payment method on the market right now offers the same type of anonymity, meaning crypto wallets are really the future for right now. Even if you are unsure of how to utilise your cryptocurrency wallet for the purposes of online gambling, there are many availableresources that will educate you on how to use cryptocurrency to its best for your gambling experience. The amazing part is, no matter where you are in the world, the same wallet can be used which will bypass any higher governmental regulations and local currencies. It really is elite to be off the grid. 

Convenience 

Cryptocurrency is convenient and simple. That is another main reason why so many people select to use it as their main digital wallet for online gambling. You can bypass all the regulations that gambling sites use, such as minimum wagering deposits, currency exchange systems and more. The acceptance of cryptocurrency means you will be purchasing gambling bets/wagers on a unified blockchain system that is not dependent on any other factor but your particular spending goals. It is unique to you, and quite frankly there is nothing better than this instant technology out there.

Each transaction is instantaneous, and has no waiting times or pending approvals for clearance. You initiate, and you instantly receive the amount you spend or withdraw from the gambling sites.

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Extra Security 

The biggest concerns consumers have when purchasing anything online, is the compromise of their personal information. Blockchain gambling puts your mind at ease, as not only are there no details involved in each and every transaction that are prone to online hacking, online gambling platforms need to abide by security protocols and pre-written transaction contracts between the merchant and consumer. 

This means, if you are owed a certain amount from a gambling platform, such as winnings for example, the online gambling retailer cannot refuse the payout. It is a binding agreement that is honoured without any choice whatsoever. Therefore, you can bypass the waiting times that lower cash flow gambling sites may operate with perhaps, or the breaking of official merchant conduct, where online gambling platforms can choose not to honour a payment with you. 

Online gambling has become a more efficient establishment due to the advantages and contributions that cryptocurrency has contributed to its realm. While gambling is yet projected to rise in revenue, one can say that consolidating with cryptocurrency has certainly given the industry a boost of interest for the present and the future ahead.

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Cryptocurrency

Deadline for withdrawing from a Chinese cryptocurrency broker that will close in Brazil ends today

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Today, November 30th, is the last day that Coinbene’s clients can withdraw their funds from the platform that will permanently cease operating in Brazil as of December 1st.

The Chinese brokerage firm decided to close operations in the country in October this year, after attracting Brazilian clients to its trading platform for about four years.

The decision to close its doors in Brazil was justified by a series of operational restrictions that the company began to suffer from the increase in the Chinese government’s ban on the crypto market. As it is a Chinese exchange, operations on the global platform depended on the central in the Asian country.

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On that occasion, an employee of the brokerage provided the Bitcoin Portal that the operational problems at Coinbene were not limited to Brazil and that the company would soon close its operations in the rest of the world.

Later, the information was confirmed by Coinbene’s official channels when the brokerage firm announced the permanent closure of its services in all jurisdictions in which it operated until then.

Also in the October announcement focused on the Brazilian public, the company had set today, the last day of November, as the deadline for all customers to withdraw the balance that was still stored on the platform.

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Although November is a day off, at the time the Coinbene team warned users: “After November 31, there will be no customer service staff to accept the withdrawal request. Users need to bear the property losses caused by not withdrawing money in time”.

The process of withdrawing funds, however, may not be so simple as the broker’s website is having problems in the user login area.

complicated withdrawal

In Coinbene’s official Telegram group, focused on Latin American customers, company support confirmed that the problem at login time: “Due to the maintenance of CoinBene’s global server, the page www.coinbene.com/br/ is presenting a problem that is making login impossible. We are very sorry for that.”

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To be able to enter the platform, users are required to fill out a form with their personal information such as CPF, address and date of birth and send a photo of their identity card or CNH. In addition, users must also submit a selfie holding their official document along with a paper written “CoinBene” and the date of request.

Only after completing all these steps, the user can have access to a customer service service dedicated to granting withdrawals.

Since the exchange confirmed the departure from Brazil, at least 15 users have complained on Reclame Aqui about the difficulty of withdrawing funds from the platform in this final stage.

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A client from São Paulo, for example, wrote last Saturday (27) that he had been trying since the end of October to withdraw the balance in bitcoin he had left standing at Coinbebe for three years, but without success.

“I followed the guidelines, sending the necessary documents and selfie to be able to withdraw on 11/30, but as reported more than once to you (10/30, 11/06, 11/09), no matter how authenticator, pin and e-mail code are correct, I can’t transfer and my questions are not answered”.

He reports that he tried the broker’s international support, but he also had no return. “I’m going to claim my rights in other ways since I’m not getting the support I need from the company,” he concluded.

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Another user from Barueri (SP) claimed the same problem, saying that he has more than R$ 10 thousand in cryptocurrencies stuck on the platform and that even after sending more than 50 withdrawal requests, he has not been answered.

The report got in touch with Coinbene representatives in Brazil, but as of this writing, there has been no response.

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Cryptocurrency

CBDC: Japan urged to intensify its development

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  • Japan urged to intensify the development of its CBDC
  • Bank of Japan intensifies research
  • Government officials continue to mount pressure on BOJ

Countries across the world are presently ramping up preparations to create their respective central bank-backed digital currency. Although some countries have launched their CBDC, China still leads in top countries hoping to list the currency. With China and other countries still in the lead, Japan has been urged to intensify its approach towards making its CBDC. According to the report, politicians have urged the finance officers to make haste and debut its digital currency like most countries.

BOJ intensifies research into its CBDC

Japan has been integral in the adoption of digital assets over the years, and the politicians do not want to lose this status. According to many reports, China is still testing as its CBDC is continually being tested across the country. Recently, it inked several partnerships with brands to intensify the testing in major cities. In its race to outpace China, Japan has bolstered its financial officer, which is tasked with researching every aspect concerning digital currencies. Despite its lengthy move to develop its CBDC, the Bank of Japan has preferred to attack it with caution. But with the increased pressure from the top echelons in the country, the bank might be forced to consider a new and aggressive approach.

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Metaverse

WinNow’s cryptocurrency has completed its mainnet launch and looks at a utopian metaverse

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ENEVA, SWISS. It just seems 2021 is the year of the metaverse and more and more companies are positioning themselves to be present in what appears to be a trillion dollar business.

On November 16, a group of European developers and cryptocurrency experts launched WinNow ($WNNW) to act as a DAO token in the Wonniw metaverse, a P2E game with real-world dynamics able to generate yield through the choices of its citizens.

A DAO token is a modern form of democratic representation, the participants in the game will therefore be able, through the WinNow token, to take an active part in the decisions on the dynamics of functioning of the metaverse.

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According to reports from the team’s Medium, the metaverse Wonniw has all the credentials to be able to try to replicate a utopian reality, in which all citizens and mayors elected by the DAO are equally incentivized towards a common goal called “sustainability”.

The development of the metaverse is in the alpha phase, team has already signed an agreement with a European software house, Falcon Interactive, and the launch of a first playable version is currently scheduled for March 31, 2022.

Website: https://winnow.me

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Metaverse: https://wonniw.com

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