As the world’s leading cryptocurrency Bitcoin continues to flourish. While it is yet to impact on the lives of a huge chunk of society, it is becoming more and more prevalent and accepted in far great places than ever before.
One of the most interesting industries accepting Bitcoin is the online gambling sector. Not in the UK yet, where the regulations surrounding betting accounts, payments and money laundering are far stricter than other jurisdictions. But worldwide.
Here in the UK, the Gambling Commission have put in strict regulations that bookmakers and betting sites must abide by. The KYC (Know Your Customer) rules means that identity, payment methods and authenticity are a must if customers are to be allowed to place a bet.
Bitcoin
As a result, betting with Bitcoin – or other cryptocurrencies for that matter – isn’t yet possible on these shores. And that is unlikely to change any time soon unless the crypto world can dovetail with the UK Gambling Commission regulations.
Elsewhere, however, bookmakers and betting sites around the world are accepting bets and deposits via ewallets and in cryptocurrencies from Bitcoin to ZCash and Ethereum to TRON.
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Some of the leading global bookmaking brands like Betwinner, 1xBet, Melbet and 888Starz, all accept deposits in cryptocurrencies, which is bet in BTC or converted into a currency to bet with online or via their betting apps.
One that has taken things even further is 1xBit, which offers the 1xBit promo code NEWBONUS. They are a sportsbook and online casino that only deals with crypto currencies and particularly Bitcoin. No surprise where the name came from.
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It isn’t something new either, because 1xBit saw this coming some time ago having been formed and founded in 2007. They are a traditional bookmaker in every sense other than the accepted payment methods of initially Bitcoin and now a wider array of cryptos.
What 1xBit saw about cryptocurrencies was the benefits of withdrawing winnings instantly. The experience mimicked that of a betting shop, collecting hard cash as soon as the bet was won. There was no three or five day delay for winnings to appear into a bank account.
Now it is possible to bet online using Bitcoin far widespread than just via 1xBit, although they do remain one of the leading betting sites for crypto customers.
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Is Bitcoin about to become the best way to bet online? Not every bookmaker will ultimately accept it as a payment method, particularly when the regulations governing them are tight. But the list of those that do is growing weekly and monthly worldwide.
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Betting via BTC is beneficial on both sides of the wagering fence, because it is easier for both customer and bookmaker to process payments and get their hands on the money quickly and easily.
As a currency that transcends countries, regions and continents, it is a global player and undoubtedly here to stay. While the online gambling sector can be accused of being slow to react from time to time, this is one area where innovation is leading the way.
Expect other industries like online shopping to learn from how bookmakers have adapted and added cryptocurrencies to their offering and business model. Bitcoin is set to boom in online betting and as it paves the way for a far wider impact.
Business
Nearly 60% of Brits are too ‘uncomfortable’ to use the toilet at work, new survey finds
Emily Sergeant
The UK is currently in the middle of a toilet aversion epidemic, it would seem… or at least if the results of a new survey are anything to go by.
For some people, nipping to the loo at the work seems like a simple task as any, perhaps even a welcome break from the busyness or the monotony of their day-to-day duties, but for others it’s a much less pleasant experience – for a whole multitude of reasons, we might add.
Whether it be below-par facilites, a cleanliness choice, personal health reasons, or even something as simple as avoiding bathroom small talk with colleagues, a new survey by Victorian Plumbing has discovered that there is a widespread reluctance among UK employees to use workplace toilets – with more than half saying they find the experience ‘uncomfortable’.
The company’s new findings – taken from a survey of 1,000 Brits – uncovered that, overall, 57% feel uncomfortable using their workplace toilet.
Nearly 60% of Brits are too ‘uncomfortable’ to use the toilet at work / Credit: Point3D (via Unsplash)
As a result, two in five employees say they’ll only use their work bathroom when they are absolutely desperate to go, and more than one in 10 (13%) of employees admit that they avoid it at all costs, preferring to hold it in instead.
There was also some gender disparities in the results, as the study found that 26% of women admit they never use the workplace toilet for bowel movements, compared to just 9% of men, as for many women, it apparently comes down to the fear of being judged or feeling embarrassed (57%), encountering colleagues (55%), and being overheard (54%).
More than 4% of women said they’re more likely to use the toilet at work while on their period, however, and 18% cited that they have to due to medical conditions like endometriosis.
But do these actions have consequences? Of course they do.
Around one in 10 people will avoid going altogether / Credit: Victorian Plumbing
With the average employee spending more than 36 hours per week at work, according to recent statistics, avoiding the workplace toilet could likely cause some real damage, so it’s no surprise that 41% of Brits say holding it in during the work day causes them physical discomfort or pain.
A further 39% confessed that the habit leads to stress and anxiety, and three in 10 have found that it reduces their focus and productivity.
The results from the survey are what prompted Victorian Plumbing to create the ‘Superior Stalls Policy’, which aims to inspire employers to reconsider their workplace bathroom setups so employees are more comfortable.
“Brits feel far less comfortable using workplace toilets than their own at home, and this doesn’t sit right with us,” commented Alex Woods, who is a bathroom expert at Victorian Plumbing.
“Yes, there’s no place like your own toilet, but with the average Brit spending over 36 hours a week at work, everyone deserves to feel at ease – even in the loo.”
Featured Image – Possessed Photography (via Unsplash)
Business
Poundland facing ‘significant store closures’ after being sold for just £1
Danny Jones
Long-standing British bargain brand Poundland could be set to close a number of locations across the UK after being sold for just £1.
The franchise famed for selling things for just a quid has been a mainstay on the high streets for what feels like it’s been around for as long as most of us can remember, but has been struggling to compete in the discount market.
Opened in 1990, Poundland was eventually bought by Polish variety store chain Pepco Group back in 2016, but has now been auctioned off after struggling sales over the past few years.
As per a press release from the company, Pepco decided to sell the business to American investment firm Gordon Brothers for what reports cited as a “nominal fee” – a figure now revealed to be £1.
Credit: The Manc Group
Poundland’s former boss, Barry Williams, left the brand in 2023 but was reinstated in at the start of this year to help the business and the Group’s European counterparts (Pepco and Dealz).
Sharing an official update with The Manc, the returning MD and CEO said, “Poundland is a UK and Ireland retailer of real significance, serving 20 million customers each year with a much-loved brand.
“Although recent trading has been challenging, we have built a turnaround plan with a simplified and more focused Poundland at its heart, as we aim to deliver the amazing value our customers expect.
“In due course, we’ll share more details of the proposed restructuring and turnaround. I’d like to thank Pepco for its stewardship of the business. We welcome Gordon Brothers and look forward to working with them as we implement our turnaround plan.”
As for Gordon Bros themselves, the American group with outposts all over the globe, says it is “delighted” to be providing the bargain brand with “the financing to support the substantial turnaround of this iconic retailer.”
Even with their own hardships, Poundland stores have still been providing a much-needed cut-price place to shop for those looking to save wherever they can amid the cost of living crisis, not to mention taking over previous Wilko stores and helping bail out others in need.
Before Poundland were sold, they also helped prop-up those hit by the Wilkos falling into administration.
According to Retail Gazette, an approximate £80 million cash injection has been pledged to help support their 800 stores and roughly 16,000 staff across the UK and Ireland.
Nevertheless, BBC sources understand that the even with the new backing, the proposed restructuring of the company which will be put before the High Court here in England could still “involve a significant number of store closures.”
Meanwhile, an official statement from Pepco’s Stephan Borchert reads: “The agreed sale of Poundland marks an important milestone in our strategic plan to move away from FMCG and focus predominantly on Pepco, our higher margin clothing and general merchandise business…
“Poundland remains a key player in UK discount retail, with millions of customers annually and a well-loved brand and proposition. We want to sincerely thank Poundland for their ongoing commitment and contribution to the Group and wish Barry Williams and his team all the best for the future.”
The Manc -
13th May 2021 
