Phil Ivey Signs With Ethereum Blockchain-Based Virtue Poker
Virtue Poker, an upcoming online poker website that will run with cryptocurrency is preparing to make waves in the fall 2018 and is forming partnerships with some of the top names in the poker industry.
The online poker website recently announced that it has signed Poker Hall of Famer (PHoF) Phil Ivey who joins Brian Rast & Dan Colman as its new consultant and advisor.
Phil Ivey is one of the greatest poker players in history having been inducted to the Poker Hall of Fame in July 2017. His credentials speak for themselves as the poker pro has spent the last two decades playing poker and has amassed over $24 million in lifetime career earnings, a World Poker Tour (WPT) title and 10 World Series of Poker (WSOP) bracelets.
Ivey has kept a low profile in recent years and has avoided the poker circuit in America as far as possible, preferring to play in online poker rooms and on the Asian poker circuit. One of the reasons for this is because for the last four years, he has been tied up with high-profile legal disputes with Crawfords Club in London and Borgata Hotel & Casino in Atlantic City. The two casinos have filed a lawsuit against Ivey for using an illegal technique known as edge sorting to beat the house and win millions.
His reputation has been tarnished with these lawsuits but that hasn’t prevented Virtue Poker from wanting to bring him on board. Ivey has been very interested to see the kind of impact that cryptocurrency can have on the online poker market and this opportunity to work with Virtue Poker will help him make a contribution. Ivey will use his 20 years of expertise to help Virtue Poker complete their product development, fine-tune their almost finished poker client and reach a bigger market using his wide range of business contacts.
It will be a challenge for Virtue Poker to penetrate the market and challenge top operators such as PokerStars which has 60 percent of the global market share. But Virtue Poker believes that using the expertise of Ivey as well as leveraging blockchain technology and cryptocurrencies will help Virtue Poker to offer its players a unique gaming experience.
The cryptocurrency market is growing exponentially and most online poker operators have been happy to embrace cryptocurrencies. Crypto for online gambling means two things: anonymity and fast transactions. Virtue Poker aims to take advantage of this new and fast method to bring in more players to the platform. The online poker website will use Ethereum blockchain technology and peer-to- peer networking to provide a more secure and trustworthy online gaming experience to poker players.