Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Introduction
Before cryptocurrencies and blockchain technology boomed many enthusiasts openly said that the technology would change how several industries would operate at a fundamental. Following the boom, we have seen this to be true for some industries while others failed to hit the radical transformation some enthusiasts promised. One industry that did experience a radial shift was iGaming, the name given to the online gambling and sports betting industry. In this article, we will see precisely how crypto has enabled a radical shift in the fundamental operations of the iGaming industry.
Easier Payment Options
Internet-driven payment options have significantly increased the number of options a consumer has and the speed at which payments take place. Now, the best international casinos 2023 also accept deposits and withdrawals of popular cryptocurrencies. This has proven to be an incredibly popular choice for some as the technology that backs up many cryptocurrencies, a decentralized blockchain, helps protect customers and their data from being intercepted by hackers. Further, the privacy controls inherent in the technology help keep transactions away from prying eyes.
Lastly, transactions involving cryptocurrency can be done on a truly global level, enabling transactions to be completed in record time. Fiat currency can easily be turned into a cryptocurrency using a reputable exchange, which can then be used as a deposit with your favorite online casino. This typically occurs faster than having to change fiat currencies and then deposit into your chosen account.
Improved Incentives
While the adoption of cryptocurrency and its technology failed in PC and console gaming, especially the adoption of Non-Fungible Tokens, iGaming proved how successful it can be. Due to increased competition amongst the best online casinos, many have looked to provide better incentives for customers using cryptocurrency. These often come in the form of bonuses or promotional offers to help keep these clients happy with the service provided.
This has been used by customers to their advantage to come away with bigger wins. As cryptocurrency payouts often involve minimal or no intermediaries there is no middle-man knocking off a percentage of the winnings. When this is combined with a bonus or promotion for customers using cryptocurrencies to play can walk away with a much bigger payout.
Wide Range of Gaming Options
Due to the increasing popularity of using cryptocurrencies as the medium of exchange between customers and casinos, the latter has looked to offer as many games as possible. Now customers can choose to partake in sports betting, casino games, and, now, crypto games. As they drive by the consumer away from brick-and-mortar casinos due to how convenient online casinos have become the trend of more games being offered to customers using cryptocurrencies is set to continue.
Conclusion
It is now easier than ever for customers to play iGames with cryptocurrency. With the numerous bonuses and promotions offered to those using cryptocurrency as their chosen medium of exchange, the savvy player can walk away with even more winnings from their favorite online casinos.
Image: Unsplash
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.