There are many obvious reasons for the active development of crypto-gambling. The two of them are user anonymity and the absence of strict control/ regulation. What will happen in this segment in the next five years? What to expect and how to get ready for any changes in the crypto-gambling industry. We have analyzed the predictions of experts, the actions of operators and developers, as well as the position of certain countries regarding the introduction of blockchain technology in iGaming. And now we are ready to share our insights with you.
Fact #1 – Crypto Money Is More Than a Trend
Knowledge of cryptocurrency contributes to the development of crypto-gambling. The more people deepen their understanding of blockchain technology and cryptocurrencies, the more interested they become in this type of gambling. The past year has shown a clear trend – digital money has a promising future in this business.
Fact #2 – Crypto-Gambling Solves Geographical Problems
In 2019, online gambling began to use social networks, including Facebook, Instagram, and YouTube, to expand its customer base. Of course, it all was possible thanks to the increase in mobile device users and the spread of wireless high-speed Internet. And cryptocurrencies offer significant additional options here. They allow gambling market operators to serve people from different geographical regions. They do not have to worry about specific regional banking and legal restrictions, which are mostly applied to regular gambling payments. In addition, cryptocurrency is a tool for fast and secure transactions to replenish a deposit or withdraw funds.
Fact #3 – The Number of Crypto-Casinos Is Growing
There is now a significant number of casinos where you can pay for an online game with Bitcoins or other digital assets. Given the growing popularity of online establishments in Europe, North and South America, the Asia-Pacific region and MENA (Middle East, North Africa, etc.), experts predict an increase in the number of gambling establishments that will conduct cryptocurrency transactions.
Fact #4 – Cryptocurrency Expands Its “Legal Borders”
Another great thing about digital monetary assets is the increase in the number of states where cryptocurrencies are legalized. More and more countries are starting to accept and approve digital money and transactions made with crypto-coins.
Fact #5 – Sports Betting Is Possible with Cryptocurrency
In the context of the use of cryptocurrency in betting, the year in the global gambling field began with interesting news. Major online gambling operators now allow their players to make bets on sports, including using various cryptocurrencies for this purpose. For now, it is possible to make deposits and withdraw funds in Bitcoin, Ethereum, XRP, and Litecoin.
What Does It Mean?
If you are new to the online gambling and cryptocurrency business, then we recommend that you dive into the specs of the two in order to know how it is arranged. It will not hurt to check trends and expert predictions to have an idea of how a particular cryptocurrency is expected to develop and how its rates will change.