Winning Poker Network: Market Leader in Cryptocurrency Acceptance March 29, 2018 – Posted in: News
The Winning Poker Network wrapped up 2016 with the goal of becoming the world’s official cryptocurrency poker network. After starting to accept 60 cryptocurrencies for deposits and withdrawals in November 2017, they have clearly accomplished this goal.
The popular US-facing online poker network that serves a global market has been online since 2001. In 2015, they started accepting Bitcoin for deposits and withdrawals, catching the eye of poker’s fast-growing community of cryptocurrency embracers. The move to accept over 60 of the world’s most popular cryptocurrencies took them to a whole new level.
Payment processing has long been a complex issue for online poker players. In addition to card-not-present transactions often being rejected for payments in a variety of industries, many financial institutions have chosen to stay away from processing payments for online gaming. Even in the heavily regulated US market where a handful of New Jersey casinos offer online games under the approval of the Division of Gaming Enforcement, several financial institutions simply won’t let their customers use their bank-issued credit cards for online gaming deposits.
Americas Cardroom Introduction
Needless to say, depositing at online poker sites continues to be complex and frustrating for players looking to play online. In the early 2000’s, the poker world saw an abundance of 3rd party eWallets take the lead as middlemen, nabbing a cut of every deposit and withdrawal. But when the poker landscape changed in the United States, many of the eWallets closed their doors or pulled out from the U.S. market entirely.
“We’re big believers in cryptocurrencies and are proud to be at the forefront of acceptance. Accepting dozens of cryptocurrencies makes it easy for players to deposit and cash out. We’re proud to be on the right side of history here.” – Americas Cardroom spokesperson, Michael Harris
At Winning Poker Network sites like Americas Cardroom, players can effortlessly deposit using the cryptocurrency of their choice and immediately convert it to USD for use at the real money poker tables. When players are ready to withdraw, they can withdraw USD or convert it back into the cryptocurrency of their choice.