ACR to Expand Cryptocurrency Deposit and Withdrawal Methods

Updated: September 26th, 2017 by Dev Ops

Americas Cardroom has announced a significant expansion in its ability to process a wide assortment of cryptocurrency offerings, giving the site’s players plenty of additional methods to get a poker bankroll on to and off of the online site.

ACR, the flagship site of the Winning Poker Network, first went crypto back in June when it launched a Bitcoin processing platform. The BTC trial went fine, but as crypto fans know, Bitcoin is just the largest in an ever-increasing sea of virtual currency offerings. ACR has now announced its plans to accept 69 more cryptocurrencies, focusing on those with the best and most stable reputations and performance.

A recent update on ACR’s home page offers additional info. Under a tab on “Other Currencies,” players can now find the following:

More Crypto Currencies Options Available Soon on ACR

If there’s a specific crypto currency you’ve been betting on, good news. There’s a good chance Americas Cardroom will soon accept it.

Bitcoin was just the start because in the very near future, you’ll be able to deposit using your favorite crypto currency. We’re talking any one of more than 60 of the top crypto currencies. They’ll all be accepted for deposit right here at Americas Cardroom.

And shortly after, you’ll be able to withdraw in your favorite crypto currency too (for now, feel free to withdraw in US dollars).

This is the future and while we can’t predict which currency is going to emerge as market leader, we’re happy to be a part of the movement that’s making crypto currency mainstream.

More infomation has become available through other outlets. Speaking to a prominent affiliate site, WPN Philip Nagy said that the expanded crypto capabilities will be introduced soon, meaning any day between now and the end of the month. For the first week or two, only deposits will be enabled, thus to check out any latent processing bugs. Full withdrawal capabailities will be added after the test period.

Right now, all cryptocurrency deposits are going to be converted into US dollars, the medium of play on WPN. However, WPN and Nagy havent ruled out the possibility that the site or nwtwork could serve as a depository for the native cryptos, thus mirroring things sucg as BTC-based sites. After all, translating everything to “dollars” is more a matter of convenience and familiarity rather than necessity.

To eliminate arbitrage opportunities, ACR will implement an exchange rate that uses an averaging system calculated from several major exchanges. Depositors will be credited with the quoted exchange rate for a limited period of time — perhaps 12 minutes, according to Nagy — which both assures the player a pre-verified rate while limiting arbitrage exposure.

As to why so many cryptos, when a few less might do, Nagy said, “I don’t know which crypto is going to change the world the most, which will be most widely accepted. We’re going to accept all cryptos; we aren’t suggesting which is best – we aren’t traders. We aren’t going to endorse any cryptos. If you’re into it, I’ll accept it! I want to support wholeheartedly the blockchain and crypto technology.”

More information will be made available by WPN and ACR as the official launch date arrives.

Here’s the full list of cryptocurrency offerings that ACR and WPN plan to accept:

1ST 1st Blood
ANT Aragon
BAT Basic Attention Token
BCH Bitcoin Cash
BTC Bitcoin
BCY Bitcrystals
BLK Blackcoin
BNT Bancor
BTS BitShares
CLAM Clams
CVC Civic
DCR Decred
DGB Digibyte
DGD DigixDao
DOGE Dogecoin
EDG Edgeless
EMC Emercoin
ETH Ether
ETC Ether Classic
FCT Factoids
FUN FunFair
GAME GameCredits
GNO Gnosis
GNT Golem
GUP Matchpool
ICN Iconomi
KMD Komodo
LBC LBRY Credits
LSK Lisk
LTC Litecoin
MAID Maidsafe
MLN Melon
MSCN Mastercoin
MONA Monacoin
MTL Metal Pay
NMC Namecoin
NMR Numeraire
NVC Novacoin
PAY TenX Token
USNBT Nubits
POT Potcoin
PPC Peercoin
RDD Reddcoin
REP Augur
RLC iExec
SC Siacoin
SJCX StorjcoinX
SNT Status
START Startcoin
SWT SwarmCity
TKN TokenCard
VRC Vericoin
VTC Vertcoin
VOX Voxels
TRST WeTrust
XCP Counterparty
XMR Monero
XRP Ripple
ZEC Zcash
ZRX 0x


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