November 13, 2020
Cryptocurrency has changed the way people store money, pay for goods and services, and conduct business in general. And its impact is only going to grow by leaps and bounds over the next several years.
However, one US-facing online poker site, Americas Cardroom, has already jumpstarted their use of cryptocurrency. And it’s caused a complete transformation of their business.
Americas Cardroom has been welcoming worldwide players since 2001. But it was in 2015 that they made a big business decision by accepting Bitcoin for deposits and withdrawals. The benefits were felt right away as players were quickly drawn to the safety and security of the digital asset, in addition to making payments anonymous, quick and easy.
Fast forward to today and players will find over 60 cryptocurrencies to choose from. It includes all the big ones, medium ones, and even some of the more unknown. And players have loved that flexibility enough that cryptocurrency now accounts for over 60% of Americas Cardroom’s business (and increasing every day).
How has this big increase in crypto translated into benefits for players? For starters, Americas Cardroom now has the largest tournament selection for U.S. players. This has led to three different Venom Holdem events since July 2019. They were $5 Million, $6 Million and $7 Million guaranteed, respectively. The first broke a world record for the Biggest Cryptocurrency Jackpot ever paid at $1,050,560.
Their most recent Venom came in November 2020 and was a $5 Million GTD PKO version. In fact, it turned out to be the largest progressive knockout tourney in poker history, finishing with a $6,777,500 prize pool.
Americas Cardroom is not slowing down when it comes to its adoption of crypto. First Time Depositors receive a 200% Bonus up to $1,000 when using a cryptocurrency. That’s double the 100% for other deposit methods.
For more info on the impact of cryptocurrency at this leading US-facing site, visit AmericasCardroom.eu