Bitcoin.Casino Domain Bought For Record Sum
Posted on March 7th, 2017 at 12:03pm
Bitcoin Casinos Becoming Increasingly PopularThe sum of $28,000 is a relatively low amount for purchasing an online betting domain, but for the .Casino domain itself, it is certainly a new record. Bitcoin casinos are finding footholds across the globe, with many players enjoying the rapid transactions they offer. While most virtual payment methods take a few days to process, Bitcoin payments are generally much quicker and more reliable to boot. Another feature of Bitcoin casinos that has been consistently attracting players is the lack of fees attached. Bitcoin itself does not charge any fees for users of its service, but gaming providers who offer the method may charge a small administration fee. There are numerous beneficial features on offer for users of the modern cryptocurrency, but the lack of fees is no doubt one of the largest draw cards as it leaves players with more money for real money casino games instead.
Bitcoin Value Continues To Increase As Casinos FlourishBitcoin itself has also had some positive developments lately. The virtual cryptocurrency recently hit an all-time value high, setting a new record for itself. At the time of the last press release regarding the currency, the value sat at $1,186. Analysts have since revealed a prospective value of around $2,000 per Bitcoin. Currently, the all-time record of value for an online casino domain is that of Casino.com. Casino.com sold back in 2003 for a whopping sum of $5.5million, and the Gambling.com domain later sold for an impressive price of $2.5 million in late 2011.
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