Americas Cardroom Harnesses the Power of Crypto to Fuel Growth

Americas Cardroom Harnesses the Power of Crypto to Fuel Growth

Have you ever tried using Bitcoin to buy a Big Mac? How about using Dogecoin at Dunkin Donuts or Stellar at your neighborhood Starbucks? Chances are you’ll have to contend with a confused employee if you try to spending anything other than the mighty US dollar at these fine establishment.

While you can certainly use a third-party service to buy a chain restaurant gift certificate using Bitcoin today, 2021 isn’t quite the golden era of cryptocurrency that some Bitcoin bulls will have you believe. Despite the growing popularity of crypto, mainstream adoption is at least a bit of a ways off. At the same time, cryptocurrency has ushered in a wave of prosperity. From newly minted crypto billionaires to businesses who have used crypto to attract new customers, there’s no denying that the blockchain is revolutionary.

One popular site, in particular, owes some its success to cryptocurrency. US-facing site Americas Cardroom (ACR), which operates internationally, made the then-controversial move of accepting Bitcoin in 2015—and it hasn’t looked back. Although crypto was somewhat of a novelty at the time, the site’s embrace of Bitcoin turned out to be a sharp business decision.

Like many iGaming sites, Americas Cardroom serves players in dozens of different countries. While that’s excellent for players looking to compete in world class poker tournaments with record-breaking prize pools, the site is forced to grapple with a host of laws that vary widely from jurisdiction to jurisdiction. While the site’s legal department is more than equipped to comply with rules, financial matters are dicey.

Unfortunately for ACR, traditional banks and credit card companies in many countries shy away from processing transactions related to iGaming, even in places gambling online it is fully legal. What’s even more confusing is that laws and rules change all the time, so players never really know what to expect.

Although Americas Cardroom could operate even with the whims of old school financial institutions, player frustration had certainly reached a boiling point by 2015. Poker forums and social media sites are brimming with player stories of rejected deposit, blocked debit cards, and credit cards failing despite working dozens of times in the past. And such stories are by no means unique to ACR. Yet Americas Cardroom took the initiative to eliminate player frustration by cutting out the middle man known, namely 20^th century banks, and introducing Bitcoin.

It shouldn’t be shocking at all that poker players have quickly warmed to crypto at Americas Cardroom. The site recently noted that cryptocurrency accounts for more than 60% of all its transactions in 2021. That’s up from a mere 2% in 2015.

Despite Bitcoin making up the majority of all transactions, Americas Cardroom doesn’t force crypto on anyone. Players can continue to use money transfers, debit cards, and credit cards if they choose, although the list of available options varies from country to country. At the same time, ACR now supports a whopping 60 different cryptocurrency options, including Bitcoin, Ethereum, and Ripple, for deposits as well as payouts.

If keeping track of 60 different cryptocurrencies sounds confusing, don’t worry. The site operates in US dollars, so volatility and constant conversions are never an issue. All hands, bets, prize pools, chip stacks, and bankrolls are denominated in dollars, so you can put your calculator away and concentrate on the game you love. Instead, Americas Cardroom’s cashier instantly converts all cryptocurrency to US dollars at the time of deposit. When players cash out, the site converts the money from US dollars to player’s preferred cryptocurrency option before sending it to the player’s crypto wallet. Once the cash is a crypto wallet, players can keep it, spend it elsewhere, or transfer it to a bank account.

If any of this sounds perplexing, Americas Cardroom has you covered. The site not only has numerous video tutorials that will teach you everything you need to know about depositing and withdrawing with confidence, even if you aren’t tech savvy. ACR’s customer service department is trained to walk you through every step of the way.

While there are other sites that welcome cryptocurrency in 2021, Americas Cardroom is miles ahead of its iGaming competitors. That’s true whether we’re talking about player loyalty or infrastructure. In addition, Americas Cardroom regularly expands its available cryptocurrency options to meet demand and market conditions.

Americas Cardroom isn’t shy about Bitcoin being instrumental in its increasing popularity. Traffic numbers are up steadily year over year and even though the site has upped the advertised guarantees of many tournaments, the final prize pools keep breaking records. Recently, the site’s $5 Million Venom PKO ended with a final prize pool of $7.16 Million, making it the largest progressive knockout tournament of all time.

Americas Cardroom is in pole position when it comes to crypto. As bitcoin and other blockchain assets continue to explode, you can expect ACR to remain at the forefront. And even if the site’s past successes in the cryptocurrency space don’t guarantee a bright future, you can expect plenty of innovation from the top US-facing poker site. We look forward to seeing what Americas Cardroom has up its sleeve for the greater good of the worldwide poker community.

To learn more about how Americas Cardroom has embraced crypto visit americascardroom.eu.