The Future of Bitcoin: Why Industry Acceptance is Promoting a Currency Shift​

By July 11, 2016Bitcoin Business

Bitcoin or, more specifically, the blockchain technology that makes Bitcoin such an effective currency, is set to boom in 2016, according to cypherpunk Vinay Gupta. As outlined in our recent article on the subject of blockchain technology, the feeling among tech lovers and financial types is that Bitcoin investment could be set to increase markedly in the coming months.

In fact, Digital Currency Group’s Barry Silbert has suggested the move by major banks to accept blockchain technology could lead to the seismic financial shift many predicted would happen when Bitcoin first went live in 2009. And it’s not only this acceptance by major banks that’s promising to take Bitcoin into the mainstream in 2016.

A number of influential industries have already dipped their proverbial toes into the cryptocurrency waters. One of the largest industries to flirt with Bitcoin in recent years is iGaming. A $41-billion-a-year industry, iGaming has a number of sites that now offer so-called Bitcoin betting. iGaming Industry an Early Bitcoin Adopter

However, as it stands, many operators have failed to latch onto this financial revolution, but all of that could change if the industry’s major players get involved. One leading operator that’s often been linked with Bitcoin is 32Red. As outlined in an article by Altcointoday.com, it would be “surprising” if 32Red wasn’t already exploring the possibility of Bitcoin deposits.

Since it went live in 2002, 32Red has embraced innovation – a fact that is evident in its roster of games. For example, the site’s lobby now boasts more than 300 of the latest slot titles, including Asian Beauty and Avalon. Beyond a simple series of spinning reels (like the old fruit machines in bars and clubs), these games contain animations, soundtracks (some games even have hits from the likes of Jimi Hendrix et al) and linked jackpots. […]

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