Online gambling is constantly on the rise. It seems that it never stops evolving, with new technological features that take the experience up a notch coming all the time. It also evolves in terms of payments, with new additions on the list of payment methods of the latest casinos.
In recent years, a new breed of casinos has emerged – cryptocurrency casinos. Which isn’t that much of a surprise considering how much attention Bitcoin and cryptos get. The industry is evolving with every new Fintech movement, and cryptos are the latest and greatest invention of that particular industry. Why are they so popular? There are many reasons including the unbeatable privacy of the blockchain and the anonymous transactions. They are more than just another payment method, and according to experts, they may be the future of iGaming.
How Will Crypto Casinos Shape the Future of Gambling?
In more ways than one. Bitcoin—and crypto—casinos arrived on the market around a decade ago. In the beginning, it all felt like a fool’s errand. But, that changed pretty soon, giving players a taste of what’s to come. From bigger deposit and no deposit bonuses to anonymous transactions and unique crypto games, not to mention instant withdrawals, cryptocurrency casinos quickly became every player’s favorite.
These seamless payment methods made everything so much simpler. Bitcoin means that you don’t need a bank account to fund your casino account or get winnings. They work without intermediaries, which significantly cuts down on time and fees. Of course, you also make crypto payments anonymously without sharing your personal and financial data. That’s what players love the most.
Over time, the role of cryptocurrencies in casinos grew. The blockchain became the basis for iGaming evolution. Many casinos have fully transferred their platforms to the blockchain seeing the unique opportunities it brings. It’s a base for seamless integration of new crypto features, and regarding safety and acceptance, it takes the concept further. Crypto casinos don’t have to rely on local laws. Their decentralized nature is a godsend for locations with strict gambling restrictions, bringing iGaming to the masses with proper KYC checks and reputable gaming.
Provably Fair Gambling
The Provably Fair gaming platform is distinct to crypto casinos. It ensures that the games are fair so you don’t need to look for RNG audits. This platform also enabled developers to build new crypto games such as Crypto Dice or other types of table and card games that work specifically with cryptocurrencies.
Exciting game catalogues are among the biggest strength of crypto casinos and one reason why players love them. They can deposit anonymously and play fun crash games on a Provably Fair platform where everything is legit. And crypto games are only just starting. They will flesh out in the future as crypto casinos takeover the market, increasing their presence and striking down fear in the hearts of traditional casinos.
Of course, as they gain even more steam, these casinos will surely be subject to some regulations. Governments never turn a blind eye to profit, and crypto casinos will be regulated one way or another. But, the good news is that cryptocurrencies are decentralized, so don’t expect Bitcoin to be pegged to the US Dollar anytime soon.
In reality, crypto casinos operate with fewer restrictions and it’ll remain that way for the most part. As more and more casinos join the fray, the blockchain will be a base for futuristic features that will turn the industry on its head. Traditional finance will slowly be phased out, paving the way for the new king – crypto casinos in all their glory. And we say hail to the king.