Bitcoin has revolutionised the online payments industry. Today, it is the most popular cryptocurrency and a real gamechanger in the online gambling industry. Gamblers and casinos can now rely on Bitcoins as a fast and efficient payment method which can't be sanctioned by governments and banking institutions. By 2017, over $4.5 billion in Bitcoins had been wagered.
The Cayman Islands rely heavily on tourism and are known as a tax haven for the rich and famous. Despite being a stopping-off point for cruise ships, their passengers may be disappointed to learn that all forms of gambling are illegal in the Cayman Islands. However, the use of offshore online platforms appears to be widespread practice.