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Cryptocurrency has gained a very high acceptance rate among online gamblers. Many online gaming sites that are not tied to particular financial jurisdictions offer online gambling is anonymity.
Online transactions using crypto do not require any personal data or information. Transactions are presented as numbers using blockchain technology. BTC has become the most popular crypto for online gambling as the face of the industry. Just because bitcoin is the biggest crypto in the game does not necessarily make it the best investment.
Recently, a Live Dealer Blackjack professional added his viewpoints on the matter. Only known as Steve, his background is rather impressive. He was part of the MIT Blackjack teams that took on Las Vegas tables in the 1990’s. He has earned a MBA and an MD as a very unique combination. Recently, he has been consulting with a Clark County medical facility over COVID-19 concerns.
This, in turn, can create an edge for players. Part of this Forbes post was a Q&A between Steve and John Navin, who wrote the piece. A big part of the conversation covered the crypto XRP. When asked why this one does stand out, Steve first mentioned the concept of ‘instant funds transfer’.
The goal of XRP is to become a major player in international transactions. Money transfers can take a few days to go through. Substantial transfer fees are another concern. XRP has proven to have instant transfer capabilities at a very low cost.
Interestingly, his offers some major upside potential for future gains. Steve as well as players from the best Bitcoin casinos for US players also mentioned that XRP was designed to carry a value of 10,000 per coin.
Indeed, this is based on the bold assumption that every international currency transfer utilizes XRP. However, value will be gained with broader acceptance. Furthermore, his creates the opportunity to generate profit over a longer period of time. He did not offer a target price to liquidate all his holdings.
As Steve remains in a wait and see mode, he did mention that his original timeframe was five years. This was tied to his original investment. He also added that he does invest in other cryptos. Each one is evaluated on its functional use in the marketplace.
It is also evaluated on future potential. This is tied to his technological interest in futuristic movies from the 1980’s and 90’s. This maps out what people expect to see available.
Outside the realm of cryptos, Steve is also heavily invested in cash. This frees up capital for future investments. He did mention that he has no plans to move cash into any financial markets.
• Source: XRP Is The Crypto To Watch, Says Vegas Blackjack Pro From Forbes.com On July 12, 2020.