What The Crypto Revolution Means For The World’s Online Gambling Industry

Crypto has been intertwined with the worldwide gambling industry within the last decade. Most of its major attachments are in online gambling, resembling online live casinos or mobile gaming.

Even some newer technology like Virtual Reality (VR) and artificial intelligence (AI) has been linked with online gambling and digital currencies.

Experimentations And Keeping Up

Within the early days, casinos only offered the identical physical games that one would find inside their location. Classic gambling games resembling blackjack, poker and roulette were the staples of each gambling venue.

Nonetheless, not all people can visit the local casino and play due to various circumstances (i.e. location, costs, etc). That is where experimentation by casinos to integrate newer technologies began to make a difference

Image source: Scholarlyoa

Many casinos have since began to offer more gambling games. As an example, pachinko, a Japanese mechanical game played in arcades and, more commonly, as a type of gambling.

Other games resembling Pai Gow, Dominos, and Mahjong have also been added to the list. Even pinballs are added to their inventory of games, even when it isn’t a gambling game by nature. 

On Gambling & Technology

Nonetheless, those experimentations and innovations couldn’t keep the casinos afloat eternally, especially with how briskly technology grew lately. That is where casinos began to dabble with Bitcoin (BTC) and other cryptocurrencies which are booming within the twenty first century.

Source: Yahoo! Finance

Crypto’s Continued Growth

In response to Yahoo! Finance, the non-stop growth of virtual currencies eventually reached the realm of online gaming. Crypto operators emerged from that spur of growth, and shortly Bitcoin, Ethereum and other popular cryptocurrencies would find their way into online casinos as payment options.

And due to the anonymity and decentralization of crypto, many online users worldwide have flocked to the crypto market to purchase digital currencies and use these for their very own entertainment, online gambling included.

Many are enticed to make use of crypto for gambling attributable to the proven fact that they don’t should worry about security and privacy. Crypto-powered online casinos allow their players to maintain their identities hidden as they struggle their luck for straightforward money.

Crypto total market cap at $944 billion on the day by day chart | Chart: TradingView.com

Some experts consider that crypto casinos will eventually come to define the web gambling sector as a complete.

Hundreds of players from all around the world are actually actively playing at a number of the finest crypto casinos available on the market due to the numerous benefits they provide over traditional casinos, resembling faster payments, higher security, and higher transparency.

One such advantage can be that players can play from anywhere on the earth so long as they’ve access to the web.

And, they don’t should worry about any variety of dress code as they’ll play and gamble within the comforts of their home wearing shorts or pajamas. 

Featured image from California Business Journal

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