..

Bitcoin Online Gambling in Kenya: Other Cryptocurrencies Available

Written by:
Guest
Published on:
Feb/25/2018

Gambling911.com takes a look at the adaptation of crytocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and more on the continent of Africa.  So what happens when cryptocurrency adaption and the explosive interest in online gambling in African nations like Kenya collide?  We take a look below.

Kenya - This African nation on the continent's eastern coast offers up a population of 49,125,325, up from - get this - more than 10 million from just ten years ago.  Kenya is ripe for the picking by English sports betting and online gambling businesses as the official language there is English. 

Kenya and Online Gambling - This is a hot bed for sports bettors who heavily follow the European and English Premier football teams.  An attempt to block access to foreign-based Web gambling operators a few years back failed miserably. 

In Kenya, gambling is regulated and taxed, with the government collecting $3 million in revenue from the industry in 2012.  Foreign entities are not included in these numbers.

Bookmaker.eu has been in business since 1986 and offers the ability to use some 60 cryptocurrencies with their LIVE IN-PLAY WAGERING-friendly online sportsbook and poker room. 


Bookmaker accepts most crypto-currencies

Kenya and Cryptocurrencies - Remitano is a peer-to-peer bitcoin exchange where you can buy and sell bitcoin securely through an escrow service. The company has recently entered the Kenyan market to provide a bitcoin exchange and a bitcoin-based remittance service.

Belfrics Global have begun their roll-out of African bitcoin exchanges, having recently launched operations in Kenya. The company also plans to open additional exchanges in Nigeria, Ghana, and Botswana in the coming months.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Plus Calvin Ayre talks Bitcoin SV and why it is the most valuable blockchain network.

The Bitcoin White Paper: Combining and Splitting Value and Privacy

The Bitcoin White Paper: Combining and Splitting Value and Privacy

Dr. Craig S. Wright and Ryan X. Charles continue the video discussions in a series exploring the Bitcoin White Paper line-by-line. The next section tackles the principles of combining and splitting value as well as looking at how privacy relates to Bitcoin.

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase is making its initial public offering of stock April 14 and this has helped push the price of Bitcoin up to near $64,000 as of Wednesday morning.

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

The Bitcoin Association and the BSV delegation was welcome by the Sudan government last week in an effort to implement blockchain technology and this week Arizona was well on its way to becoming the next US state to legalize sports betting with only the Governor's signature needed.

Lawsuit Filed Against Dr. Craig Wright "Father of Bitcoin": Not Author of White Paper?

Suit Filed Against Craig Wright "Father of Bitcoin": Not Author of White Paper?

Suit seeks to prove Wright is NOT the rightful founder of Bitcoin, but some would argue we will know otherwise in due time.

Syndicate