The business publication Forbes reported over the weekend that Americas Cardroom subsidiary Winning Poker Network is about to expand its current acceptance of Bitcoin to embrace around 60 other cyber currencies.
WPN started accepting Bitcoin as a currency in 2014, and a spokesman told Forbes that it has thus far received very positive feedback from its player base, citing faster processing times and smaller fees than are the case with traditional fiat currency transactions.
“With such a positive response, it only made sense that we further expand our payment processing options,” the spokesperson explained. “That being said, we don’t pretend to be cryptocurrency experts, and won’t recommend one coin over another.”
The spokesman claimed that the implementation of a wider acceptance policy will make ACR the first poker site to take so many different forms of digital payment, allowing players to deposit and withdraw in their cyber currency of choice.
ACR will convert the amount of cryptocurrency deposited into US dollars, which can then be used to play poker, but the operator recommends that users take caution when converting money to cryptocurrencies for use on poker sites, pointing out that many Bitcoin poker sites that were available in 2014 no longer exist today.
The Forbes piece refers to the anonymity attached to the use of cryptocurrencies, noting that this can cause headaches for major corporations and businesses no matter where they may be based. It also comments on the risk of cyber attacks, pointing to the DDoS assaults experienced by ACR recently.
The article points out that ACR has been successful in the industry, rising from 45th to seventh globally, based on independent monitor Pokerscout’s assessment.