When online casino gaming began in 1994, there were just a couple of deposit options: bank transfers, money orders, credit and debit cards. Many Jackpot Capital gamers didn’t even have a credit card at that time. Now everyone has at least one credit card.
Money orders are passe.
Ewallets are here to stay.
And cryptocurrency casino payments are the new star on the blockchain.
For most people, the definition of blockchain is a lot of gobbledygook. We can break this down into manageable parts. A blockchain begins as a way to collect and store data in such a way that the data cannot be questioned or refuted.
In terms of Jackpot Capital, we have a large bank of computers that track everything that goes on at the casino. This includes all game outcomes, the ups and downs in gamers’ accounts, the wagering requirements that accompany a deposit bonus, and comp points. But, since computer glitches do occur, the data we claim are true can be questioned. We always resolve these matters in a way that both the gamer and Jackpot Capital are at one with the conclusion.
We know that blockchains work. We don’t have to know the scientific explanation of how they work. There are a lot of technological things we take for granted without knowing exactly how they work. Satellite communication is a good modern example. But how do they make glass? Or steel? Or how does cotton get turned into cloth?
You see, we take a very large number of things for granted!
So, blockchain is a technology that facilitates storing data in a way that the data cannot be questioned.
In a way, that makes blockchain the data collection method that most resembles PDF which cannot be edited.
Now, a lot of transactions are fast these days. If the cryptocurrency blockchain technology were slower than a credit card, it would not have caught on with the consuming public. The fact that cryptocurrency transactions are fast and that the data are irrevocable and that a transaction in cryptocurrency is the most private way to transact a purchase, taken together make a cryptocurrency payment method for casinos and many other purchases, the best way to move money.
There are still a lot of gamers who are not looking for the most private way to make deposits and withdrawals as long as the movement of money is completely safe. Cryptocurrency casino payment methods are for that handful of gamers who are comfortable with cryptocurrencies and also want the most transactional privacy.
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In the last paragraph we spoke about the safety of online casino money transactions. Cryptocurrencies fit into this matter seamlessly since their name comes from the encryption software that makes online purchases safe.
Encryption software scrambles data which then cannot be unscrambled except by another software that is specially designed to unscramble the data. So, we have blockchain as a data collection software; we have encryption as a data scrambling software; and we have another software that unscrambles what the encryption software has scrambled.
Actually, no!
Since all of the technologies work perfectly, there is very little to no complexity in online casino transactions. The same holds true for all online transfers of money from paying for tickets to shows or flights, to ordering all kinds of products online, to general banking online.
When you go into your personal bank account online, encryption software is scrambling the data on the screen for everyone but you!
Cryptocurrencies are money that exists in the real world since people accept them as payment for goods and the privacy of which is protected by encryption software.
First, we should talk about cryptocurrencies and land-based casinos. These casinos are the competition for Jackpot Capital and all online casinos. Land-based casinos also accept cryptocurrencies for gaming. The most popular cryptocurrencies are Bitcoin and Litecoin.
Online casinos offer many advantages over land-based casinos even as transfers in cryptocurrencies are not an advantage of online casinos. Here are the rue advantages of online casinos:
All of the above-mentioned advantages of online casino gaming obtain at Jackpot Capital. We have a very large assembly of happy and satisfied gamers who see online casino gaming as a fun and entertaining way to spend some of their free time.
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