Bitcoin is an innovative digital currency without an administrator or central backing which allows peer-to-peer transfers within the bitcoin network. The secure and anonymous nature of bitcoin transactions has made it increasingly popular among casino players. As a result, casinos have been quick to add bitcoins as part of their payment and withdrawal options.
The Caribbean islands known as the Cayman Islands are well known as a significant offshore world financial haven for wealthy individuals and international businesses. Live online gambling is illegal in the Cayman Islands, but locals and visitors have access to international offshore sites such as Red Stag Casino, Genesis Casino and Slotty Vegas.