EGYPT ONLINE Bitcoin in the Present and Future of the Egyptian Gambling Sector 3 years ago Peter Situma Post Views: 717 The Bitcoin is one of the most popular cryptocurrency that has taken over the business landscape by storm. Previously cash has been the dominant form of currency used in day to day business transactions. Luckily, technology has changed almost all sectors of life if not all. It has been hard to ignore the Bitcoin technology since other forms of businesses have continually embraced the use of this technology in gambling transactions. Gambling is one of the sectors of Egypt that have greatly made this technology part of their business. Egypt has been known for great and historic civilizations and the Bitcoin technology is one of the modern technologies that is placing the country in the limelight. In this article, we will be discussing some of the Egyptian forms of gambling which have allowed the use of Bitcoins as a means of payment. We are also going to give you the details on how you can get your Bitcoins and use them successfully to pay for your gaming services. A brief history of cryptocurrencies Bitcoin is the original cryptocurrency that was invented by Nakamoto Satoshi in 2008 and its implementation as a form of currency began in 2009. Unlike the traditional cash currency which is centralized by the central bank, Bitcoin currency is decentralized. This means that you can transfer the currency freely via peer-to-peer transactions without the need of an intermediary such as a bank. Traditional money is available in various denominations such as the US$, Euro, Rand, etc. Bitcoins are a universal currency that is acquired through Bitcoin mining and transacted through a Bitcoin Wallet. Bitcoin Gambling Bitcoin as mentioned earlier is just a form of payment. This means that the only difference is in the means used for payment of stake and withdrawal of gambling winnings. One of the gaming platforms that has embraced this technology is the online casinos and gambling sites. This is because Bitcoins are an electronic cash system. In Egypt, numerous casinos allow this technology. Greyhound races as well have adopted this form of payment. Some casinos have allowed gamblers to use BTC to pay for specific casino games such as slots. Players participating in such games enjoy fast payouts and free spins as well as BTC bonuses for novice players. The only difference from traditional casinos is that you receive all your real money bonuses in BTC rather than cash. Best Egyptian Bitcoin Casinos: 1. BitStarz-Top rated 2. Fortune Jack 3. King Billy 4. mBit 5. MelBet 6. BetChan The future of gambling is bright as long as every stakeholder stays at per with the trends in the sector. Every gambling operator is currently looking for more innovative ways to ensure that they provide their customers with the most recent games and gaming software, payment methods that facilitate almost instant payouts as well as better ways to ensure that the security of the customers is top-notch. The use of Bitcoins is less challenged as compared to other cryptocurrencies such as Monero, Ethereum, and Litecoin to mention just a few. This is because its use has gained popularity all over the world as the oldest cryptocurrency. If you are considering to use Bitcoins as a form of payment, it is advisable to invest some extra time and go through our detailed guide on Bitcoin gambling. This will assist you in choosing the best bitcoin casino as well as the bonuses you stand to enjoy for using the same. Some of the benefits of using this form of payment include fast transactions, more security on personal details, less or no charges on transactions, and worldwide availability of the currency. About Post Author Peter Situma Peter Situma is a lover of football and a staunch supporter of Chelsea Football Club. He has been working as a sports betting and casino gambling writer for over 5 years. He is also interested in technology and playing FIFA See author's posts Peter SitumaPeter Situma is a lover of football and a staunch supporter of Chelsea Football Club. He has been working as a sports betting and casino gambling writer for over 5 years. 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