https://professionalrakeback.com/cry...to-jonas-odman

STEPHANIE: Are you in the process of integrating this [Bitcoin Cash] into your business now?
JONAS: Yes, we are. We're integrating it through BitPay.

Maybe that will happen(hopefully not) but I'm not sure I trust that new source.

Regardless of where the story is coming from the quote is directly from Management at Global.

If this is the only way to receive payments, then I don’t know why Worldpay would have a problem with gambling. Presumably, Worldpay and Bitpay will only allow gambling related transactions in jurisdictions where it is explicitly legal:

Bitpay terms of service:

If your use of the Services relates to one of the following restricted activities, your activities are subject to internal review and you are only allowed to transact when expressly authorized by BitPay in writing:

[text redacted]

Transactions that involve gambling or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, lottery tickets, other ventures that facilitate gambling, and sweepstakes, unless you have obtained our prior written approval and you and your customers are located exclusively in jurisdictions where such activities are permitted by law.

BitcoinCash (BCH)? Are you joking?

That article says BTC is possible as well, but we'll have to wait and see. I know BitPay transacts with both currencies.


This might be why it still hasn't been implemented yet even though it was brought up at the conference on May 18.

I think the reasoning for this is pretty simple actually. It was left out of that article, but I'll tell it here for those that do not know.

Jonas Odman is a former employee of the Bodog group. He is the man most often credited with inventing the "recreational poker model" that Bodog, Bovada, Ignition Casino, Pai Wang Luo Network use.

He also dubbed Global Poker the "recreational model 2.0".

My point in mentioning this is that he has ties back to Calvin Ayre, or at least I would assume so, given that he worked for Ayre's company, Bodog. Ayre is now a huge proponent of Bitcoin Cash. He's actually building a 100 million dollar resort with BCH profits for example.

I imagine this entanglement is why Odman is doing interviews that talk about Bitcoin Cash, aka, the Bitcoin that is closest to the Satoshi White Paper (read it for yourself if you don't believe me!).

In any case, there's your connection and why BCH is almost certain to be included if crypto is adopted at GP.

I'm not a big GP fan, but this is a good move for them.

--
Kahn

I didn't even think about the BCH-Ayre-Bodog-Odman connection. Makes sense. Seems worthy of mention in the article. Thanks for that tidbit and all of the other information Khan.

You're probably right. We added it in thanks to your suggestion.



Cheers

please no crypto, ever.

Seems like crypto will make it easy for players in disallowed countries to play

Yeah I would strongly prefer if they did not allow crypto for cashouts. They could still take it as deposit and not have it be an issue for players from other countries playing.

Why would the issue be crypto instead of verification procedures if you're concerned players from other countries may start playing here?

How is someone from a disallowed country going to send an accepted ID and utility bill with their name on it? Are you thinking that people will sell their accounts to foreigners? If people suspect that may happen then there's preventative measures Global could put in place like detecting and disallowing VPN use, scanning CPUs for remote control access programs, and having people take selfies with their ID and their computer in the background showing Global after they send a popup informing the player to so.

I don't expect this company to put those procedures in place, but I don't think crypto would be an issue if implemented with effective methods to prevent players from disallowed countries.

how come?

I would love crypto as an option (obviously on top of the current options that rec players like)

+1

+1

FWIW, another vote for no crypto for all the reasons mentioned. We already had a thread about this.

Think if you are a foreign player.... what's easier...? getting paid via bank account transfers from a person in the US or via crypto currency with no middle man needed.

So essentially what you're all saying is that you have so little faith in this company to prevent foreign players from playing that you'd prefer to take on the risks associated with only having one option for moving money in and out.

They can always add crypto as a true last resort if all other processing methods fail.

It's not an issue of faith or trust in the site - it's a factual issue that it is easier to game the verification process using crypto. No matter how much they try there will always be people breaking the rules, but one method of payout makes it significantly easier

It's really not personal. I don't have faith in any poker site being able to prevent foreign players.

It's not as though bank transfer is some horrible way to cashout. It shouldn't be an issue for a US player.

You're right, didn't even think about the verification

I think crypto is just an emergency failsafe if WorldPay fell through somehow. Having a normal payment processor is just good for business.

TL;DR, I don’t think crypto is necessary, and can cause problems that are worse than just using a bank.


The average facebook ad clickthrough customer will have no clue what crypto is. However, an average customer will be wary of the security and legitimacy of online poker (as are many above average people here in this forum). Having a crypto-confusing deposit option only reminds potential relaxed recreational new players that the internet is full of strange people using strange ‘fake money’ that they do not understand. People are afraid of what they do not understand.

What they do understand is that using a credit card to deposit and play should be easy peasy, so long as the site is legit and there is nothing to worry about.

From Global’s perspective, I sincerely hope that they have contemplated the implication of crypto and the willingness of unsavory characters to find a way around the verification process. Right now, the biggest drain on the bottom line is the relatively few good players who make regular cash outs.

I hope I am just an alarmist and entirely wrong, but it is my opinion that if botters find an easy way to get onto GlobalPoker, there would be a giant “woosh” sound as suddenly crypto withdrawals would skyrocket, and suddenly there are multiple suspicious 24/7/365 grinders making weekly crypto withdrawals. Ban one, and two pop up to replace it.

Honestly, the site is soft enough that anyone in the world would want to play on it, if given the opportunity. I just know that a botter will always choose the easy scumbag way to make money. It is human nature.

You make some good points. I understand your concerns and we should all hope that they will implement effective deterrents to pevent what you fear from happening prior to allowing crypto transactions.

This isn't really how it works. Bots multiply as people learn that a site has weak security. Less people attempt to bot on a site after they hear that the site has discovered and banned large amounts of bots. Of course there will always be some willing to attempt it when there is money to be had.