New WinkDex App Could Help Manage Poker Bankrolls

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The popularity of bitcoin could rise because of a mobile app called WinkDex, developed by twins Cameron and Tyler Winklevoss. Though not designed with poker players in mind, it could become very popular among bitcoin poker players.

How Poker Players Can Use WinkDex

Though a convenient way of making deposits and withdrawals at online gambling sites, bitcoin is not without its disadvantages. The cryptocurrency is unregulated by governments and established banking systems have nothing to do with it. In addition, the value of bitcoins in relation to the dollar keeps changing at a rapid pace. WinkDex can help poker players by keeping them informed about bitcoin values.

The New York Times reported in 2013 that the twins have bitcoins worth over $11 million. Their close association with the bitcoin industry must have led them to create a mobile app that can track the continuously changing value of bitcoins.

Bitcoin Poker Popularity

The number of bitcoin poker sites has increased because the number of poker players preferring to play in bitcoins has increased. In spite of this, the number of bitcoin poker sites is small when compared to the non-bitcoin poker sites in the industry. But industry experts have already predicted that digital currencies such as bitcoin could become widely used among poker players in the near future because it is quick, easy, and anonymous.

Recently Breakout Gaming signed a deal with top poker pros Jennifer Harman and Johnny Chan, who will serve as brand ambassadors of its new online gambling site, which will use a new virtual currency called Breakout Coin (BRO). However, registered players of Breakout Gaming can make deposits and withdrawals with bitcoins.

Using WinkDex to Monitor Poker Bankrolls

Despite the growing popularity of bitcoin among the tech-savvy population, a huge section of the consumer population cannot trust it as it is not physical in nature and exists only in cyberspace. In addition, bitcoin is outside the control of banks, financial institutions, and governments, which means that its value changes faster than other currencies. A single bitcoin, which was worth only $12 in 2012, became worth $1,200 in 2013.

Since bitcoin value constantly changes, bankroll-conscious poker players need to keep track of it. The Winklevoss twins developed their new app to address this requirement, which is why they expect their app to become very popular.

High-stakes poker players will definitely use WinkDex to minimize the risk of their bankrolls decreasing in value almost overnight.

Who Are the Winklevoss Twins?

The Winklevoss twins, who are now 33 years of age, are Olympic rowers and Internet entrepreneurs. They became very famous when they filed a lawsuit worth $65 million against Mark Zuckerberg, the founder of Facebook, the giant social networking site. The twins accused Zuckerberg of stealing their concept to create Facebook.

They are also known for investing heavily in BitInstant, a processor of bitcoin payments. In 2013, it was reported that they own one percent of the bitcoins currently available in the world, which accounts for their interest in the cryptocurrency.

November 8, 2014: • No Comments

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