The online poker industry witnesses the launch of a large number of poker websites every year claiming to be the next big poker website in the industry but it isn’t too long before they vanish into oblivion. One of the main reasons for this is due to the fact that the global online poker industry has been dominated by PokerStars, the biggest online poker website in the world that is reported to control more than 70 percent of the global market.
Virtue Poker is looking to challenge the status quo by launching an innovative online poker website that leverages Ethereum Blockchain technology providing players with a decentralized poker platform that gives players control over the framework that they play with and features better security of player funds, instant payouts and tamper proof gaming. Virtue Poker has been developed by a team of computer scientists and is being promoted as the ‘future of online poker’.
While it might be difficult for the average poker player to really understand the nuances of Ethereum Blockchain technology, an easier explanation would be to say that Virtue Poker looks to bring transparency to the online poker industry which has been damaged in the past due to unscrupulous operators who conned players and cheated them out of their winnings.
Virtue Poker is looking to establish a relationship of trust with its players and be very customer centric as it looks to establish itself in the online poker market. The online poker website is putting an emphasis on customer centric services after PokerStars dropped their Supernova program earlier this year and upset a large number of its players.
Ryan Gittleson who is in charge of business development at Virtue Poker states that there will be no 5 percent processing fee at Virtue Poker and payments will be instantaneous. The online poker website is not rushing into things and plans to release its product before the end of 2017 and eliminate trust issues that poker players have within the next 5 years.
In a statement, Gittleson said “There isn’t a deposit or withdrawal process with Virtue Poker. The way it interacts is you have the digital wallet, and essentially we are bringing the live experience online. When you go to the casino you give them cash, get your chips, and when you win you exchange your chips for cash, and that’s it. There is no delayed withdrawal process. With us, it only takes 17 seconds to cash out.”