The United States dollar has a currency code of USD and can abbreviate itself with US$. The reason for this is because other countries such as Canada and Australia also use dollars. An abbreviation is necessary in order to not confuse themselves with other countries’ dollars. You can also call the coin by American Dollar, and most people will understand. Besides the usage of this in the 50 US states, we can also find some countries that use the US dollar, such as Panama, Ecuador, Zimbabwe, Marshall Islands, amongst others.
Can I deposit US Dollars in Online Casinos?
US Dollars and online casinos go a long way back since the first beginnings of gaming in this industry. As you may know, online gambling in the USA is illegal and very strict in their regulations. So not many casinos air to provide their services to the American population. Nonetheless, there are a few that do use it and need to offer the correct currency to do so.
As mentioned before, US dollars are one of the principal currencies in the world at the moment, so most casinos provide US dollars just because of its popularity. It is one of the easiest exchange rates to control, and players usually like to play in that currency.
So if you stumble upon a casino offering US dollars, it doesn’t necessarily mean that they accept US players, it just means that they want to facilitate another option for players to choose from when depositing into their account. Plus the fact that, as I mentioned before, other countries like Panama do use US dollars as their official currency.
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