Tuesday, June 23, 2015

Online casino bets on bitcoin

6/23/2015

Here’s one more indication that bitcoin is here to stay: A Hong Kong investment group that backed Skype is now backing BetCoin Casino, one of the largest bitcoin casinos in the Internet.

BetCoin customers can play more than 50 games. They include traditional casino games such as Blackjack, Roulette, PaiGow, Roulette and Video Poker. BetCoin also has a letter, Keno and original games invented by BetCoin.

Players can create a new account with an email address, login name and password and they can play anonymously be entering the address of their bitcoin wallet.

BetCoin says it guarantees that all game outcomes are fair by providing the “seed hash” of each transaction to the players before the game begins. Having the seed hash and a client hash allows players to verify the outcome if they choose. The casino also displays the house edge for each game and it charges no fees to play.

BetCoin is backed by Massive Luck Investments Limited, a Hong Kong investment house that was among the early investors in Skype before it was bought by Microsoft for $8.5 billion.

You can bet your coins at the BetCoin Casino and keep up with BetCoin news @BetcoinTM on Twitter and in the BetCoin blog.





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Follow me on Twitter @ricmanning and read my technology columns at My Well Being.

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