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Crypto beats fiat as preferred payment method on WPN

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Crypto beats fiat as preferred payment method on WPN

The Winning Poker Network (WPN) was one of the first to embrace cryptocurrencies as a form of payment for poker players. It supports a number of different options based on consumer feedback and now processes more crypto payments than any other major network. Crypto has become so popular on the platform that 60% of all payments are now made through digital currencies.

According to Brian Harris, WPN Affiliates spokesperson, “WPN processed its first Bitcoin transaction in 2015 and now accepts over 60 different cryptocurrencies for deposits and withdrawals. Despite accounting for just 2% of business in the first year, cryptos now represent 60% of all transactions across the network.”

The rise in popularity is easy to understand. Cryptocurrency is a fast, cost-effective method for making payments. Transaction fees are much lower than through other payment methods, such as bank transfers and credit cards, and allow for instant deposits. According to Harris, “Compared to traditional banking methods which cost 13% on average to process, cryptocurrencies cost sites just 2%.”

The WPN has always been on the cutting edge of innovation. It was one of the first to offer crypto payments and also one of the first to dig into Short-Deck poker, which it offers using its alternative “6-Plus” name. Short-Deck poker has been a favorite among Asian players for decades and has gained a significant amount of popularity among high rollers in recent years.

Bob

Hailing from Wisconsin but arriving in Las Vegas in 1995, I'm better known at various US online poker rooms under the pen name "OreoBob" and "SoyFlush". I'm an avid poker player and editor-at-large who has contributed as a freelance writer for diverse national and international iGaming publications since 2004.