From Forbes
Have you ever wondered why new technology tends to be exploited in the adult entertainment and online gambling industries first? An ultra-competitive market environment and a willingness to try anything in the quest for traffic and profits has made these two industries technology’s early adopters. Typically, innovations that start in these fields go on to become core features in more mainstream commercial applications.
From brave use of multimedia, new scripting languages, and yes even payment technologies, adult entertainment and gaming have led the way. Now, a new digital currency threatens to disrupt the old payments paradigm and it’s no surprise that it is gaining traction in the online gaming world. Bitcoin payments could quickly become the preferred competitive wedge in online gaming.
After attending the Gaming in Holland conference and iGaming Super Show in Amsterdam this month, it became clear that bitcoin is indeed picking up momentum in online gaming. However, the early adopters probably won’t be the larger established brands. In sidebar conversations with the leading mega-brands, they confessed to me that, although they appreciate Bitcoin technology, the two primary reasons for holding back on adoption are the additional unwanted scrutiny from gaming regulators and the fact that players aren’t demanding it.
