The digital financial revolution continues

 The digital financial revolution continues 

Cryptocurrencies have arrived a long time ago and they did it to stay. A cryptocurrency is a digital currency that uses cryptography in its transactions, and that today is used as an alternative to conventional money, although without any type of control by the State.

The first evidence on an electronic monetary method dates from 1983 with the American cryptographer David Chaum who invented eCash and later DigiCash, who sought to make money transactions anonymous using encrypted keys.

However, it was not until later, in 2008 with Satoshi Nakamoto, when the first domain bitcoin.org was released that would record the existence of cryptocurrencies, and later in 2009 with the new economic crisis the appearance of the first Blockchain.

Each BTC ฿ is unique and is made up of mathematical codes. Although its price fluctuates constantly, it has acquired a certain stability in recent years and remains unsupervised by government agencies, thus becoming the currency par excellence of new casinos and poker room. Even the Winning network (WPN) invested close to 100 million dollars in BTC, and great figures of the medium such as Phil Evey became ambassadors of these cryptocurrencies as in the case of the Ethereum network. In fact Etherum is the second most popular cryptocurrency among poker players.

Cryptocurrencies are therefore free of commissions and fees and there are currently multiple means of keeping these currencies safe through different electronic wallets, which keep users anonymous and allow transfers to anywhere in the world quickly and safely at very low prices.

There are other types of cryptocurrencies such as Litecoin (LTC) of which there are only around 84 million coins available in the world and that use P2P technology; We also find other currencies such as Ripple (XRP)Dash formerly known as DarkCoin, open source MoneroCardanoPolka Dot or Bitcoin Cash, whose difference from Bitcoin lies in a different hash algorithm.

As we mentioned, it is very difficult for the Treasury to control the movements of users through cryptocurrencies since they are also exempt from VAT as pointed out by the Court of Justice of the European Union.

In Spain, despite the lack of a clear regulation about Bitcoins, it is allowed to play with this currency in the rooms as long as the profits are declared, and the transfers to the bank appear in euros, although ultimately only access to the information from the blockchain. Since there are currently many online poker rooms that offer the possibility of making deposits through cryptocurrencies, the user first needs to start buying bitcoins with real money, either through credit cards, debit cards or bank transfers on specific dedicated web to this objective.

There are various Websites where you can carry out these transactions, such as www.binance.com where you can not only buy cryptocurrencies but also operate with all the markets that Binance offers by trading, which could help you invest and increase your profits.

Every day it is more common to find rooms whose prizes and deposits are handled in cryptocurrencies, so if you do not want to be left behind in the gambling world you should be up to date since the BTC will continue to grow until it reaches the fixed limit of 21 million coins in 2030, when Bitcoins will be divided up to 8 decimal places (0.000 000 01 BTC). Who knows how far this digital financial revolution will go!

You may also like

Basic and advanced poker playing strategies

  If you are a poker fan, you’ll realize that playing poker isn’t as simple as it seems. It is no only about placing a simple bet and trying to win it. Behind the cards lies a world of science and...

7 Card Stud Hi-Lo: rules and premium card play

High-Low, "Hi-Lo" or less commonly known as "eight or better", is a variant of the traditional 7 Card Stud. Its dynamics is governed by the same principles, with the exception that the player is un...

Adrián Mateos wins the SCOOP-50-H KO Progressive

(Photo by https://zigzagdigital.com) Adrián Mateos returns to the load If there is something we like in Habwin is talent, and it is clear that Adrián Mateos is a poker portent that will continue su...

Promotions

5000$ daily share in WPT Global's The Great Game of PLO 5000$ daily share in WPT Global's The Great Game of PLOPlay and win a share of $5,000 in daily leaderboard prizes in The Great Game of Pot Limit Omaha Cash.There are leaderboards depending on the s...
Millions returns with $500,000 GTD main event Are you ready to enjoy MILLIONS?MILLIONS Online, one of the biggest series of the year, is back and this time and it includes a huge $500,000 GTD Main Event!Running from May 9th to June 4th, MILLIO...
The Big Quarter is here with $150,000 GTD The Big Quarter arrives with $150,000 in guaranteed prizesThis Sunday May 12th, The Big Quarter begins with a $150,000 guaranteed, whose buy-in is $11.For this same Sunday, $15,000 in regular prize...
Receive a free entry to Pokerstars Power Path Receive a free entry to Pokerstars Power PathPower Path gives you a path to the best events on Pokerstars.To get a ticket to the Power Path Step is simple:All you have to do is play a hand with rea...