Skip to main content

Will Philippines Be The New Home for BTC Gambling?

Bitcoin Casinos in the Philippines

China leads the Bitcoin market in Asia with more than 80 percent of Bitcoin transactions on the blockchain network, according to this year’s research.

Singapore and Hong Kong, on the other hand, have also surfaced as industry players in the region, showcasing higher rates of adoption and usage as compared to their neighboring countries.

However, the Bitcoin market growth in these countries is restricted by the stringent protocols in terms of cryptocurrency usage, especially when it deals with Bitcoin gambling.

Singapore, for instance, recently blocked its doors on offshore gambling websites, including those that operate on Bitcoin, leaving the land-based casinos in the country the primary source of gambling entertainment.

Meanwhile, Hong Kong, although not as gambling-inclined as Macau, does not hinder its people from placing bets on online gambling platforms, provided that they operate legally. This means Hong Kong Bitcoin gambling is also welcome, along with the country’s friendly approach to cryptocurrency.

However, it is not a happy story when it comes to Bitcoin gambling in China. Regardless, the Bitcoin gambling market in Asia may find its newest home—one that will push the industry to greater heights and become the newest source of quality entertainment and rewards through Bitcoin games.

Philippine Bitcoin Market

Bitcoin growth in the Philippines

The Philippines is hailed as one of the emerging markets that help boost the adoption of Bitcoin, and it made itself more viable to become Asia’s next Bitcoin-friendly nation with the significant records of digital currency transactions.

In fact, Bitcoin seller Paylance on LocalBitcoins hit a record-breaking trend, hinting that more locals are exchanging their Philippine peso for Bitcoin.

Paylance CEO Jay Villarante confirmed that the recent figures are neither caused by a system bug nor are associated to one buyer only. He associated it to the Filipinos’ realization of the advantages of the cryptocurrency instead.

Moreover, Anthony Chua, president of Coinage, emphasized that the volume of Bitcoin trades are not isolated in one exchange, but are evident in the entire country.

The Philippines is a perfect venue for Bitcoin to flourish since it has a large population, it is adept in using the Internet, and it receives a high amount of remittances from overseas workers.

With these characteristics making Bitcoin in the Philippines possible, the idea of the Bitcoin casino market also making progress is not too far-fetched.

OLE Bitcoin

Bitcoin gambling to thrive on Filipino grounds

Given that the Philippines displays an encouraging response toward cryptocurrency trades, Bitcoin casino operators cannot help looking into the possibilities of establishing more connections in the region.

Perhaps the most vital hindrance Bitcoin casinos face in the attempts to broaden their audience base is the gambling regulations of the nation.

Considering this factor, the niche has high chances of promulgating Bitcoin gambling in the Philippines since the country is rather laidback when it comes to gambling regulations.

In fact, the republic has already opened its doors for Bitcoin-based gambling platforms like OLE Bitcoin to legally operate and promote Bitcoin gambling. Also, this sportsbook agent is based in the Philippines and is regulated by First Cagayan.

Asian Bitcoin casinos like Coin178 are now certain to spread its services and invite Filipino players to its domain considering that difficult Bitcoin acquisition is now eliminated by established Bitcoin exchanges and services in the peninsula. Other Bitcoin casinos and gambling sites are also accessible to players in the country.

With everything in its respective place, Bitcoin casinos in the Philippines are served with both healthy grounds for development and a warm bunch of audience who are certain to support the advocacy of Bitcoin.

Needless to say, Bitcoin gambling could now be more fun in the Philippines as more factors promote Bitcoin gambling in Asia.

LATEST CASINO NEWS & BLOGS


News

How Will These 3 Blockchain Projects Change Online Poker

December 18, 2018

These three blockchain-enabled projects aim to use the benefits of distributed ledger technology in making the online poker experience more fun and secure.

3 Bold Predictions for 2019 Champions League Round of 16

December 18, 2018

After the final 16 teams have been decided and paired, here are three bold predictions for the 2018-2019 UEFA Champions League Round of 16 matches.

Kheper and TruePlay: Can Online Casino Experience be Better with Them?

December 13, 2018

Kheper and TruePlay are just two of the many projects that aim to bring the benefits of cryptos and blockchain technology into the online casino world

Blogs

Ho Ho Ho! Check These 5 Online Casino Bonuses for Your Christmas Betting Enjoyment

December 17, 2018

Christmas is the season of giving, and online casinos are ready to hand you many enticing bonuses for the season. Check out five of the best offers here.

3 Spider Online Slots to Spin Your Way to Huge Wins

December 14, 2018

Check out these three spider-themed online slot games, all of which feature free spins, win multipliers, and multiple ways to win huge amount of credits.

Top 10 Sexy Slots to Liven up Yourself and Your Wallet

November 10, 2018

A man has only two fantasies: a sexy woman and a bulging wallet. In erotic online slots, these two co-exist. Here are 10 of the best titles you can play.

CHOOSE CASINOS NOW
LOGIN TO BBC
No account yet? Register here
JOIN US NOW
Already have an account? Login