The Full Guide to Crypto Gaming Adoption By CoinQuora – Investing.com

The Full Guide to Crypto Gaming Adoption By CoinQuora – Investing.com

History of crypto gambling

In August 2011, the poker gambling site Switchpoker.com began to offer their users the option to use Bitcoin (BTC) on their platform. The company was also the creator of the first real money poker applications for iOS users.

The next significant entrant in the crypto gambling market was an early adopter and famous Bitcoin advocate, Erik Voorhees. In April 2021, he launched Satoshi Dice. This site became hugely popular immediately after the launch. At one point, it was responsible for 50% of all the transactions on the Bitcoin network. It was sold to an anonymous user for 26,315 BTC in July 2013. Even though at the time their valuation would be $11.5 million, currently that would be worth nearly $1.5 billion. This gives an idea of the popularity of this website.