crypto-currencies

Online Gambling Rise Continues Amid Surge in Crypto Activity

The past couple of years or so have been monumental to the growth of arguably two of the most important sectors in the world right now. Crypto and gambling have both proven that they are here to stay time and again but we would understand if you are still skeptical. Speculations and predictions seem to be all the buzz but one undeniable thing is the significant effect the two sectors are having on each other and the rest of the world.

Several digital currencies have over the past couple of months been enjoying new streaks of popularity. Bitcoin, for instance, has recently reached record highs of over $50,000, something that nearly no one saw coming. Its price is however not the only thing that we are interested in – these price surges have been one of the main drivers of the growth in popularity that bitcoin and other cryptocurrencies have been enjoying lately.

As it turns out, it is not just individuals that are jumping on the bandwagon. Several institutional investors have begun to take the sector very seriously which goes to show just how big of a ripple effect the price surges have had on the global economy.

Still, very few industries have benefited from the crypto boom as much as gaming and entertainment companies. Gambling has long been one of the most popular sectors and with its stakeholders showing a lot of enthusiasm when it comes to adopting new technologies, its utilization of crypto and blockchain technologies was always bound to happen.

Big Promises

When cryptocurrencies first became a thing, no one would have imagined that these tokens along with the related technologies would have such wide-ranging use-cases. Gambling companies, however, seized the opportunity as many of the things that the crypto was promising would be immensely beneficial to their businesses.

Perhaps the most notable aspects of crypto that have been pushing its adoption in gambling are decentralization, transparency, and safety. In essence, they have created what can only be described as an online gamblers’ heaven where the games are provably fair, the transactions are cheap and fast, and the user data is completed protected.

Now, not all gaming companies have been quick to make some of these changes especially considering how volatile the crypto market often gets. Still, it is very important to acknowledge just how far we have come and how close we are to finally achieving the dream of a whole new financial system. One that is not only safe but also fair and reliable.

iPoker-Network

iPoker Rolls Out New Cash Game Changes to Improve Player Experience

As part of its bid to make its gaming platform friendlier to recreational players, the iPoker Network has recently implemented a host of new changes. Most of these changes are intended to help in the reduction of predatory behavior that is often exhibited by some pro players and hardcore amateurs. As it turns out, that kind of behavior has been having some rather detrimental impacts on traffic since it has made keeping recreational or casual poker gamers on the site quite difficult.

According to iPoker Network Manager Joerg Nottebaum, the move involved activating some features that will go a long way in making their games “fairer and more fun for players.” The company prides itself on being customer-focused and this fairness is one of the biggest priorities.

The Changes

Perhaps the most notable change for people who love the anonymity that comes with some online casinos especially those that utilize crypto and blockchain is the anonymous cash game lobby. This change makes it impossible for malicious players to use seating scrips as they will not be able to track other players throughout the lobby. Seating scripts are usually used by some pro or hardcore amateurs to find and take advantage of weaker poker players.

To further add an extra layer of anonymity to the platform, the Pay to See Names feature has been included as part of the new changes. In essence, this keeps players from being tracked throughout the game lobby. This happens even when a player joins one of the site’s cash game tables – their opponents’ names will remain hidden until that particular player posts a big blind.

Ideally, some players would be very happy if iPoker made the table completely anonymous but this does not seem to be in the network’s agenda at the moment. Perhaps this is to ensure that even though new measures are added to the site, the experience remains just as good and familiar as it was before.

Another significant change is in the inclusion of a global sit-out function which essentially forces players to sit out all other tables once the hand they are in is over. This applies when players who multi-table cash games chose to sit out one of the tables. Like all the other changes, this one is also meant to prevent malicious players from sitting out, occupying a seat, and waiting for weaker players to join or the game to better in one way or the other.

pbet

Pbet to Redefine Gambling with Its Blockchain Solution

Its been over a decade since the blockchain, as we know it, came to be. In that period, technology has proven that it is a useful tool for a vast range of applications beyond digital currencies and one of the sectors that have embraced it is the gambling industry. It has been said on more than one instance that the very dynamic blockchain technology is set to completely redefine the gaming industry – this is already happening.

Pbet, a rising crypto-powered gambling platform is one of the companies that is championing the quest to “blockchainize” the gambling industry. That said, it is easy to see that the casino is much more than a mere cryptocurrency casino. The gaming company has come up with a complete blockchain-based crypto-based gaming platform that is set to spark up a revolution of sorts in the gambling industry. In essence, with the new platform, Pbet is addressing some of the most user-oriented concerns when it comes to online gambling – these are fairness, transparency, safety, and security as well as affordability.

Pbet’s innovative and revolutionary idea is a blockchain crypto-based Unified Gaming Platform and its intended to create a convergence between land-based casinos and online gambling sites. All this will be added while combining both the players, the casinos and the Pbet platform itself with each set to benefit from added value.

“We are driven by the mission to combine all 3 pillars- physical casinos, players and Pbet- through our disruptive blockchain crypto-based Omnichannel Gaming platform business model.  Our state-of-the-art platform is strategically designed to benefit both the players and casinos through blockchain technology”, stated a Pbet spokesperson.

The Perks

To begin with, Pbet’s new blockchain solution is set to give the players even more reason to trust the gaming platform and this will be achieved through the transparency of information. This will help to address trust issues which have always been a major concern for players across all major online gaming platform despite the operator’s efforts to address the issues.

Fairness aside, players have also complained about the slow nature of the payments at the casinos as well as the high transaction fees that they are charged. Pbet’s gaming platform will be addressing this issue by introducing a payment solution that will fix both of these problems – it will be fast, reliable and very affordable. Considering the tremendous improvements that have been made to blockchain technology, the users can expect near-instant transactions speeds.

Moreover, Pbet has also recently announced its Omni-Channel Pbet Reward Club. This will assist its partner casino to benefit from hospitality sectors in order to provide freebies which are meant to assist with player acquisition and retention.