Online casino crypto payment attracts aficionados worldwide
No doubt! In today’s fast-moving world where technology is at the forefront of an ever-dynamic society, online casinos Has developed. Many online gaming sites have adopted a simpler, easier and safer mode of crypto payment at online casinos. The online casino industry has also seen an increase in bets placed digitally, with this segment comprising over 40% of online bets by 2022. In fact, the growth of the casino market can be attributed new technology such as chatbots.
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Annual turnover over 100 billion dollars by 2022
Over the past couple of years, the world of gambling has risen to all-time popularity. Many have begun to favor casino sites over traditional, land-based casinos. Gambling experts estimate that by 2022, global annual revenue will more than certainly reach $100 billion.
The aforementioned amount is around a third of the total revenue from all gambling facilities globally. Based on this report, we might as well assume that online casinos are well on their way to becoming gambling industry leaders in the near future. With Bitcoin games to feed the gambler’s appetite for risk, the space is looking at a bright future.
Providers in the online gambling industry, especially in the casino space, will increasingly offer engaging products to increase user adoption and player spending, and one survey predicted that online gambling users will nearly double, reaching 684 million by 2022. With continued efforts from a number of states to legalize online offerings, the North American market is ripe for future growth.
Crypto payments are redefining online casinos
The payment methods available through the casino site are quite numerous. It is no longer news that cryptocurrencies are by far the most secure form of transaction, with a preference for Bitcoin. Bitcoin had one massive spike in value and was worth around $20,000 at its peak back in 2017. Today’s Bitcoin price is $$20,527.59 with a 24-hour trading volume of $33,184,451,514 USD.
It was an all-time high, and although its value had risen and weakened considerably over the years, Bitcoin remains a valuable model for online casino gaming. The new generation of gamblers prefer a faster and more secure payment method than playing for fiat currencies, and that is exactly what cryptocurrencies offer.
Starting with instant online casinos, then came the mobile age and now the gambling industry is ruled by cryptocurrencies. As a result, Bitcoin is widely used as an online crypto payment. Canadian online casinos use the popular crypto in all their games.
Online casino crypto payments pro
One of the biggest advantages online casinos have over land-based casinos is their accessibility. All online casino games can be played anytime and anywhere. All you need is a smart device and a good connection to the Internet. To make it even better, online casino payout rates are even higher.
To make it even better, Bitcoin has a payment medium that is fully optimized for online use. What this means for users is that every deposit and withdrawal is made immediately without any problems. However, this is not the case with other currencies.
Another beautiful aspect of using Bitcoin is that cryptocurrency trading helps you maintain your absolute privacy and this is exactly the case with Bitcoin. So in case you aren’t aware, online casinos make you play under aliases and encourage you to be anonymous to a certain extent, but Bitcoin takes it a step further.
By using this cryptocurrency, you can also improve the security and protection of the casino sites you visit frequently. Finally, many experts believe that Bitcoin will become one of the most desired payment options for crypto payments at online casinos.
Words of caution
With the obvious benefits that cryptocurrency offers such as anonymity, fast deposits and withdrawals, and low fees, it is obviously clear to see why crypto casinos are quickly catching on with players and operators alike. Word of caution though, there are a lot of great casinos out there, but that’s about it some scams that you need to be aware of. Pay attention to the details and check for licensing information to ensure you are playing on a safe and reputable platform. And if in doubt, always ask around in forums or on social media to get a second opinion.
