Bovada Casino Joins the Bitcoin Funding Trend

As Bitcoin cryptocurrency becomes more recognized and popular, more businesses are starting to not only accept it, but to use it as a primary source of funding. Recently, Bovada Online Casino has made that shift and is now accepting Bitcoin Cash (BCH) cryptocurrency as a deposit option. There are some great benefits for players who opt to use Bitcoin, such as lower transaction fees and speedier processing times. Dependable payment processing methods are a must for online gambling sites so most are playing an active role in boosting Bitcoin’s public profile. When well respected sites, such as Bovada, choose to embrace Bitcoin, it just validates the strength of Bitcoin.

Recently, it was announced that the planned Segwit2x hard fork was being cancelled due to lack of support from the greater Bitcoin community but since that announcement, BCH transactions has soared. This has improved the value of BCH itself, while the ‘classic’ Bitcoin has seen its value fall. BCH is considered the only Bitcoin variant that remains true to the original vision of developer Satoshi Nakamoto. The Blockstream faction supporting Bitcoin Core seeks to preserve the existing state of affairs charging high fees and lengthy processing delays in order to maintain control over the technology.

On Friday, a Reddit user posted that there were leaked emails between Blockstream and its investors from earlier this year. He claims that Blockstream appeared to confess that their ultimate goal was to ensure that Bitcoin transaction processing fees went to “peer-to-peer liquidity providers, and not miners.” The reliability of the emails has yet to be confirmed but it is believed that they support longstanding criticisms of Blockstream’s finely concealed motivation in pushing the Segwit product with the goal of utilizing proprietary control over the technology and ensuring rich returns for Blockstream and its big banking backers.