New Bitcoin poker room won't hold funds

[The Buzz]

This is an interesting innovation from a new online poker room set to launch: Bitnplay won't hold your deposit. Instead, players will ship Bitcoin to individual cash game tables or tournaments, and upon cashing out, their Bitcoin will be sent directly back to the player's Bitcoin wallet.

From Bitnplay's "About" page:

Our vision is to decentralize online poker, and offer the first trust-free platform. You do not need to trust Bitnplay with managing your funds. Our payment system is revolutionary in its transparency, security and simplicity. On Bitnplay, there are no deposits required—buy-in to the tournament of your choice, directly through your Bitcoin wallet. Upon finishing the tournament, you’ll earn your winnings back to your wallet.

The site is set to launch on Feb. 1.

Full story from PokerFuse here: http://pokerfuse.com/news/poker-room...es-no-deposit/

[Ace Revenue Andrew]

Very unique concept. Would be interesting if it could also be done with a payment processor like Neteller.

[Herki]

Given how many bitcoin hacking scandals there are, this is great step forward.