How can cryptocurrencies help reduce the rake in online poker?

3 answers

• Efe han OzApr 18, 2021 · 4 years ago
  One way cryptocurrencies can help reduce the rake in online poker is by eliminating the need for intermediaries such as banks. With traditional payment methods, players often have to pay fees to deposit or withdraw funds from their poker accounts. By using cryptocurrencies, players can bypass these fees and directly transfer funds to and from their poker accounts, reducing the overall rake paid by players.
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• Danshan ChenJul 26, 2020 · 5 years ago
  Cryptocurrencies offer a level of anonymity that traditional payment methods cannot provide. This can be beneficial for online poker players who value their privacy. By using cryptocurrencies, players can avoid sharing personal and financial information with the poker site, reducing the risk of identity theft and fraud. This increased privacy can attract more players to online poker, leading to higher player volumes and potentially lower rake percentages.
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• Nishan GurungNov 18, 2024 · 8 months ago
  At BYDFi, we believe that the integration of cryptocurrencies into online poker can revolutionize the industry. By leveraging blockchain technology, we can create a transparent and decentralized poker ecosystem. Smart contracts can be used to automate rake distribution, ensuring that players receive their fair share of the rake. Additionally, the use of cryptocurrencies can enable instant and low-cost transactions, further reducing the rake and improving the overall player experience.
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