Both cryptocurrency payments and online payments are safe payment methods if you focus on the online casino industry.

What is the difference between these two payment methods?

Online payment

PayPal, a long-established online payment company, complies with the international security standard PCI DS S and has built the highest level of the behavioral risk management system. This is also the same as virtual currency including Bitcoin, and it is a payment method that also includes the advantage that transactions can be done in a few minutes. And, after PayPal, Ecopaise appeared. This is an online payment service that he often sees when making deposits at online casinos, and is one of the payment methods that is becoming more and more popular in the world. PayPal is often used mainly for commercial purposes, and it can be said that it is rare to see it in the casino site industry, but in the field of casino sites, PayPal is one of the inseparable payment methods. It seems.

 How virtual currency works

Cryptocurrency is a payment method often seen in the casino site industry these days.

It can be said that it is necessary to first know what blockchain is, which is often heard in virtual currencies, before opening an account.

It is called a blockchain because blocks of data that combine transaction data, hash values, nonce values, etc. are connected by a chain.

In Bitcoin, irregular functions are formed by “hash functions” converted into character strings, but the key is the nonce value.

Forming a hash function is not so difficult, and it is converted and incorporated in one direction including transaction data.

In the case of Bitcoin, the hash value formed immediately before is always recorded in a new block. Since it must be smaller than a specific numerical value, there is a rule that many “0” s are lined up so that the beginning of the character string is always “000 …”.

It is the “nonce value” that is used to generate this particular hash value.

This is the method of generation.

A numerical value with many 0s at the beginning + transaction data + previous block hash value + nonce value

It is said that the same calculation will be repeated many times while changing the numerical value.

This makes it difficult to falsify the data and can be said to be safe.

 

Which account should I open?

It is a payment method that can be easily used for online shopping site operation and overseas shopping, and it is possible to pay taxes in virtual currency depending on the country, and it is one of the fund remittance methods that can also be used for investment purposes It is one. Both are payment methods that allow you to easily send money overseas because you can open an account in just a few minutes.

 Online payment methods that are becoming mainstream and virtual currencies that can be invested. Both have entered the market with many companies, including the casino industry.

Online payment can be used without knowledge, and if you open an account for future investment purposes, isn’t it a virtual currency?