Recently, the online casino market has seen an influx of Bitcoin-powered gambling websites. Now, one payment processor is giving players the chance to spend their valuable bitcoins at real-money online casinos. This week, Optimal Payments has announced its new deal with BitPay, a payment provider for bitcoin transactions. The deal will allow users to top up their NETELLER accounts using bitcoins.

They will be able to deposit bitcoins into their accounts and then exchange it into a currency that is offered by NETELLER. “NETELLER already provides merchants and customers a broad and diverse set of online payment options and the addition of Bitcoin gives them another valuable payment method to help convert more transactions,” says Optimal Payments CEO chief executive officer.

One of the major benefits of the deal is that it will reduce the potential risk of price volatility in the bitcoin market. This is because NETELLER will accept the bitcoin currency and convert it into real money immediately. As such, players do not have to worry about their bitcoins reducing in value before they have a chance to use them. This deal will be hugely beneficial for online casino operators.

Players that prefer to gamble with bitcoins will be able to deposit this digital currency into their online casino account and play to their heart’s content. It could also help to increase business at online casinos by appealing to a new target group, who would not otherwise gamble if they were not using bitcoins.

“Bitcoin’s popularity is growing rapidly and has established itself as the most secure, most widely accepted digital currency,” says Sonny Singh, COO of BitPay. “This relationship with Optimal Payments will help us to drive merchant acceptance on a global scale.”

About the Author

George Anderson
Author George, has over 25+ years’ experience in the Pokies and Casinos industry throughout Australia and New Zealand. Loves to research new Pokies games on the block and follows announcements from top industry providers about their upcoming releases. As soon as a new interesting pokie game appears on his radar, George is there to check it out and give you the scoop before anyone else and tell you about all casino sites where can play the latest game. Before this gig, George worked as Pokie game tester, making him an ideal candidate for this genre of work. He is also an animal lover and a proud owner of three dogs.