Will PayPal users be able to start gambling in Crypto casinos

It’s a said and done deal that by the end of this year global payment mogul company PayPal will be officially entering the cryptocurrency market, with the addition of most of the popular cryptocurrencies into its brand-new payment option capabilities. The aim of PayPal is to increase the consumer understanding and the adoption of crypto, which means that approximately 26 Million vendors that are cooperating with the company, will now be able to receive payments in Bitcoins and other virtual entities.

Legality of PayPal and integration into Bitcoin Casino

Every time that some major addition happens in the financial world, there are always laws that need to lay the grounds for smooth operations. The same was the case with PayPal’s desire to finally enter the crypto market. One of the things that has catapulted this operation is the fact that NY State department of Financial Services has officially designed a regulatory set of laws, which will oversee PayPal’s crypto operation, they called it Bitlicense. So, does that mean that PayPal Users will be able to start gambling at Bitcoin Casino?

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PayPal can definitely be used in BTC Casino

PayPal is extremely popular and its reach has no bounds. It has long been one of the acclaimed payment options for many online casinos in the world. Soon, the most popular Bitcoin Casinos, such as FortuneJack will be able to attract PayPal users to their ranks and provide an even wider range of payment options. This option can be a bridge between the FIAT users, who are not yet accustomed to all the gifts that blockchain technology brings to the table. So, what are these benefits and how do they affect the enthusiasts of Bitcoin Casino?

Benefits of Bitcoin Casino

There are undeniable advantages that Bitcoin Casinos bring to their players, thanks to the payment options deriving from blockchain technology. The first thing that needs to be mentioned is the amazing speed of transactions, when dealing with BTC Casino. While the FIAT options take days to process because of the banks, crypto takes mere minutes to finalize the transfers. Another thing is the high security, because of blockchain’s decentralized design. When playing on Bitcoin Casino, all players are absolutely hidden and anonymous to any unwanted attention, whether it’s from governmental or financial institutions. Considering all these benefits and the popularity of PayPal, this can be a match made in heaven.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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