How Cryptocurrency is Helping the Online Casino Industry Evolve

Cryptocurrencies are rising quickly in both value and popularity since the past few years. The online casino industry has been quick to catch up with the crypto obsession and now lets its users pay using cryptocurrencies like bitcoin. People are able to withdraw and deposit funds while paying at online casinos with cryptocurrencies. A fun fact is that many popular casinos in Japan are already using crypto as their primary source of funds.

Besides designing user friendly and engaging games, online gambling websites rely on the payment processes and options to make profits. Thus, it seems fitting to use crypto  to try to make incoming and outgoing payments as seamless and convenient as possible. 

Bitcoin first showed up as a payment option in a casino in 2013. Although the exact time when  it was introduced is unclear, Las Vegas was a pioneer city in terms of cryptocurrency, being the first to allow crypto purchases of everyday items like food and drink from certain vendors. Entrepreneurs have also introduced cryptocurrencies that can be specifically used for the purpose of online gaming. Casino Coin is a new coin that is powered by XRP Ledger and can be used to boost security and reduce transaction costs. We are optimistic that online gamblers will choose to use cryptocurrency for several reasons

Benefits of Cryptocurrency in Online Casinos

The primary advantage of using cryptocurrency is that it helps in enacting a process called decentralization, where all transaction records are held in a public ledger bounced between blocks. The blocks are collectively known as a blockchain. 

Recent public endorsements by various companies like Elon Musk and Tesla have heavily influenced the growth of cryptocurrency and enabled it to push into the gambling industry. 

Anonymity

Crypto allows for complete anonymity of the player while playing online casino games and making transactions. Your bank won’t question you for playing a few rounds of blackjack, and you can immediately transfer wins to either your crypto wallet or straight to cash. 

Increased privacy and safety

There’s also an aspect of safety that online casino players appreciate. As Bitcoin keeps a permanent record of all transactions, you can always ensure the casino you’re playing on is fair and that all bets are settled.

Cost-Effectiveness

Using cryptocurrencies drastically reduces the speed of transactions and it also lessens the transferring costs. This serves as a major advantage to both the online casino and the players. Both the parties can avoid being a major transaction fee that would be present if normal currency was used. For this reason, many online casinos have been offering the acceptance of bitcoin and other major coins. They know the value of such coins, and they know it’s cheaper for them to accept the coins.

Is Bitcoin the Future?

Although the number of crypto enthusiasts greatly exceeds the number of skeptics at the moment, there’s no way to be sure that crypto is the future of online gambling. Unfortunately, many businesses are wary even to get their feet wet due to the fluctuation in prices. For those who offer Bitcoin as a payment option or an in-house crypto processing platform, the struggle becomes getting people to use it. 

Even further, with the overwhelming jumps in value in Bitcoin, especially over the last few years, many feel it’s a waste of investment to spend it on something that could accept the regular currency. As Bitcoin becomes more widely accepted and demystified, more people will begin to invest in it as a form of currency comfortably. When that happens, you can expect the gambling industry to benefit from it. However, only time will tell how much.

80%
Awesome
  • Design
61 Comments
  1. glennajerome says

    May I simply say what a comfort to uncover someone that really understands what they’re discussing over the
    internet. You actually understand how to bring a problem to light and make it important.
    More people really need to look at this and understand this side of
    the story. I was surprised that you’re not more popular because you most certainly possess the
    gift.

  2. ruby.bliss says

    If some one wishes to be updated with most recent technologies afterward he must be
    pay a quick visit this web site and be up to date all the time.

  3. vanbraud says

    I’m extremely pleased to discover this great site.

    I want to to thank you for your time for this fantastic read!!
    I definitely liked every little bit of it and i also have you book-marked
    to see new stuff in your web site.

  4. randidunn says

    Its like you read my mind! You seem to know a lot about this, like you wrote the book in it
    or something. I think that you could do with some pics
    to drive the message home a bit, but instead of that, this is magnificent blog.

    A great read. I’ll certainly be back.

  5. meghanpeden says

    Great web site you have here.. It’s difficult to find excellent writing like yours
    these days. I seriously appreciate people like you! Take care!!

  6. lindsey.gilchrist says

    I’m really impressed with your writing skills and also with the layout on your blog.

    Is this a paid theme or did you customize it yourself?
    Anyway keep up the excellent quality writing, it is rare to see
    a great blog like this one these days.

  7. henrietta.whittemore says

    This website certainly has all of the information I wanted about this subject
    and didn’t know who to ask.

  8. Cleo says

    Heya i am for the first time here. I came across this board and I
    find It really useful & it helped me out a lot. I hope to give something back and help others like you helped me.

  9. tomritter says

    I couldn’t resist commenting. Well written!

  10. ameliaboykin says

    Woah! I’m really enjoying the template/theme of this blog.
    It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between usability and appearance.

    I must say that you’ve done a amazing job with this.
    Also, the blog loads extremely fast for me on Safari.
    Superb Blog!

  11. twylasteinmetz says

    We’re a group of volunteers and starting a new scheme in our community.

    Your wweb sitfe offered us with valuable info to
    work on. You haave done a formidable job andd our entire community will be grateful
    to you.
    site

  12. oliver_wiliams says

    Howdy! This post could not be written any better!
    Reading this post reminds me of my good old room mate!

    He always kept talking about this. I will forward this page to him.
    Pretty sure he will have a good read. Thanks for sharing!

  13. dominicktozer says

    Link exchange is nothing else but it is only
    placing the other person’s webpage link on your page
    at proper place and other person will also
    do same for you.

  14. rosemarienason says

    Hey! This post could not be written any better! Reading this post
    reminds me of my old room mate! He always kept talking about this.
    I will forward this post to him. Pretty sure he will have a
    good read. Thanks for sharing!

  15. charleyvirgo says

    I have been exploring for a little for any high quality articles or blog posts on this
    sort of house . Exploring in Yahoo I finally stumbled upon this
    site. Studying this info So i’m satisfied to show that I have an incredibly
    just right uncanny feeling I found out just what I needed.
    I most no doubt will make sure to don?t omit this site and provides it
    a glance regularly.

  16. franchesca.kraus says

    I think the admin of this web site is actually working hard in favor of his site, for the reason that here every data is quality based data.

  17. lucio.vaude says

    This info is priceless. Where can I find out
    more?

  18. liliabaum says

    Hey this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors
    or if you have to manually code with HTML.
    I’m starting a blog soon but have no coding expertise so
    I wanted to get guidance from someone with experience. Any help would be greatly appreciated!

  19. iesharouse says

    Remarkable! Its really remarkable article, I have got much clear idea about from
    this post.

  20. lakeshabowie says

    Amazing! Its truly remarkable piece of writing, I have got much clear idea on the topic
    of from this paragraph.

  21. amandagerard says

    For newest news you have to go to see the web and on world-wide-web I found this web page as a most excellent web site for
    latest updates.

  22. alda_nuyts says

    After I initially commented I appear to have clicked the -Notify me when new comments
    are added- checkbox and now whenever a comment is added
    I receive 4 emails with the same comment. Perhaps there is an easy method you can remove me from that service?
    Thanks a lot!

  23. lorettadun says

    great issues altogether, you simply received a new reader.

    What might you recommend in regards to your put up that you made a
    few days in the past? Any positive?

  24. damonlawry says

    Saved as a favorite, I really like your site!

  25. susannecamden says

    Spot on with this write-up, I honestly feel this website needs much more
    attention. I’ll probably be returning to see more, thanks for the advice!

  26. dianahazon says

    Your mode of explaining all in this piece of writing is truly fastidious, all be able to without difficulty know it,
    Thanks a lot.

  27. anguskay says

    This paragraph gives clear idea for the new users
    of blogging, that genuinely how to do running a blog.

  28. donald_barwell says

    Your style is very unique compared to other people I’ve read stuff from.
    Thank you for posting when you’ve got the opportunity, Guess I’ll just book mark this web site.

  29. margart.dias says

    Asking questions are really fastidious thing if you are not understanding anything totally, however this post presents pleasant understanding yet.

  30. togel online says

    This piece of writing is genuinely a pleasant one it helps
    new the web people, who are wishing for blogging.

  31. charmainwallace says

    Do you mind if I quote a few of your posts as long as
    I provide credit and sources back to your blog?

    My website is in the exact same niche as yours and my users would genuinely benefit from some
    of the information you provide here. Please let me know if this alright with you.
    Cheers!

  32. marlawylie says

    I’ve been browsing online greater than 3 hours as of late, yet I never discovered
    any attention-grabbing article like yours. It’s beautiful price sufficient for me.
    Personally, if all website owners and bloggers
    made good content as you did, the net will be a lot more useful than ever
    before.

  33. borisrosman says

    It’s the best time to make some plans for the future and it is time to be happy.
    I’ve read this post and if I could I wish to suggest you some interesting things or tips.
    Maybe you can write next articles referring to this
    article. I want to read more things about it!

  34. adrianna_conklin says

    Exceptional post however I was wondering if you could write a litte
    more on this topic? I’d be very grateful if you could
    elaborate a little bit further. Thanks!

  35. gladis.seiffert says

    Write more, thats all I have to say. Literally, it
    seems as though you relied on the video to make your point.
    You obviously know what youre talking about, why throw away your
    intelligence on just posting videos to your blog when you could be giving us something enlightening to read?

  36. guillermo_southwick says

    Hi there! I know this is kind of off-topic however I had to ask.
    Does building a well-established blog like yours take a massive amount work?
    I am brand new to operating a blog however I do write in my diary every day.
    I’d like to start a blog so I can share my own experience and views online.
    Please let me know if you have any kind of recommendations or
    tips for brand new aspiring bloggers. Appreciate it!

  37. candelariahymel says

    It’s actually a nice and useful piece of info. I am glad
    that you shared this useful info with us. Please keep us informed
    like this. Thanks for sharing.

  38. brainprescott says

    I do not even know how I ended up here, but I thought this
    post was good. I don’t know who you are but certainly you’re going
    to a famous blogger if you are not already 😉 Cheers!

  39. adriene.kellway says

    Hi there, I enjoy reading through your post.
    I wanted to write a little comment to support you.

  40. giuseppe.almeida says

    Hello! Do you know if they make any plugins to help with SEO?
    I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success.
    If you know of any please share. Thanks!

  41. baileyperalta says

    I don’t even understand how I stopped up here, but I thought this post
    used to be great. I do not recognise who you’re but certainly you are going to
    a well-known blogger for those who aren’t already. Cheers!

  42. My spouse and I absolutely love your blog and find the majority of your post’s to be just what I’m looking for.
    Does one offer guest writers to write content for you?
    I wouldn’t mind composing a post or elaborating on some of the subjects you write
    related to here. Again, awesome blog!

  43. mollie.park says

    I got this web page from my pal who told me concerning
    this website and now this time I am visiting this web page and reading very informative content
    here.

  44. donna.saucedo says

    Hi there! This is kind of off topic but I need some advice from an established blog.
    Is it hard to set up your own blog? I’m not very techincal but I can figure things out pretty fast.
    I’m thinking about creating my own but I’m not sure where to start.
    Do you have any points or suggestions? Appreciate it

  45. หวย says

    What’s up to all, how is the whole thing, I think every one is getting more from this site, and
    your views are nice for new people.

  46. breannafinch says

    Whats up very cool site!! Guy .. Beautiful
    .. Superb .. I’ll bookmark your blog and take the feeds additionally?
    I’m happy to find a lot of useful information here in the publish, we
    need develop more techniques on this regard, thanks
    for sharing. . . . . .

  47. Yes! Finally someone writes about چادر لبنانی، خرید
    چادر لبنانی.

  48. janchave says

    Excellent site you have here but I was curious about if you knew of any discussion boards that cover the
    same topics talked about here? I’d really like
    to be a part of community where I can get comments from
    other experienced people that share the same interest.
    If you have any suggestions, please let me know. Appreciate it!

  49. georgiana_cleburne says

    Wow! At last I got a blog from where I be able to genuinely get helpful information concerning my study
    and knowledge.

  50. maxiebratton says

    What’s Taking place i’m new to this, I stumbled upon this I’ve found It
    positively helpful and it has helped me out loads. I hope to
    give a contribution & help other users like its helped
    me. Great job.

  51. cliffpope says

    I’m really impressed with your writing skills as well
    as with the layout on your weblog. Is this a paid theme or did you modify it yourself?
    Either way keep up the nice quality writing, it is rare to see a great blog like this
    one nowadays.

  52. lavernehanigan says

    Hi there would you mind stating which blog platform you’re using?
    I’m planning to start my own blog soon but I’m having a hard time making a
    decision between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design and
    style seems different then most blogs and I’m looking for something completely unique.
    P.S Apologies for being off-topic but I had to ask!

  53. heribertobustard says

    It’s a shame you don’t have a donate button! I’d certainly donate to this superb blog!
    I guess for now i’ll settle for book-marking
    and adding your RSS feed to my Google account.
    I look forward to brand new updates and will share this blog with
    my Facebook group. Chat soon!

  54. dakotahutchison says

    Nice post. I was checking continuously this blog and I’m inspired!
    Extremely helpful info specifically the ultimate section 🙂 I
    deal with such information a lot. I was looking for this certain info for a very long time.

    Thanks and good luck.

  55. carmellaoppenheim says

    I enjoy what yоu guys tennd tօ be ᥙp
    tοօ. Thіs ҝind of clever ѡork and coverage! Keeep uр the terrific works
    guys I’ve incorporated yοu guys tօ oᥙr blogroll.

  56. evanarden says

    Hi there, You have done an excellent job. I’ll definitely digg
    it and personally suggest to my friends. I’m sure they will
    be benefited from this site.

  57. myrtlemauriello says

    Greetings I am so delighted I found your weblog, I really found you by
    error, while I was looking on Yahoo for something else, Anyways I am
    here now and would just like to say thanks a lot
    for a fantastic post and a all round enjoyable blog (I also love the theme/design), I don’t have time to read through
    it all at the minute but I have book-marked it and also added your RSS feeds, so when I have time I will be back to read much more, Please do
    keep up the superb job.

  58. blairromilly says

    Magnificent website. Lots of useful information here.
    I’m sending it to a few friends ans additionally sharing in delicious.
    And certainly, thank you for your sweat!

  59. zaklyle says

    Hi there I am so grateful I found your blog page,
    I really found you by accident, while I was researching on Yahoo for something else,
    Anyways I am here now and would just like to say thanks for a tremendous post and a all round thrilling blog (I also love the theme/design), I don’t
    have time to go through it all at the minute but I have book-marked
    it and also added your RSS feeds, so when I have time I will be back to read more, Please do keep up the excellent job.

  60. skyeramm says

    Great weblog right here! Also your web site rather a lot up fast!
    What host are you using? Can I get your associate link for your host?
    I want my web site loaded up as fast as yours lol

  61. ccampbell88 says

    flomax 15

Leave A Reply

Your email address will not be published.

Subscribe to our newsletter
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time