Categories: Bitcoin Business

Online Casino Players Rejoice as Cryptocurrencies Increase in Value

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Thanks to high-speed connections and mobile developments, millions of us can play online anywhere, at any time. Online casinos have cleverly kept abreast with the way people want to play and the industry has enjoyed remarkable year-on-year growth.

Yet gaming is only fun if it is secure. And the industry’s stumbling block is a big one. Credit card processors relied on by traditional casinos charge high fees, cause delays, and often outright decline payments altogether. Online casinos have long been scrabbling to find secure ways to circumvent the issues that blight player usability.

Ease and accessibility mean nothing if payments are not secure.

Cryptos + Casinos = The Perfect Match

This is largely why cryptocurrencies have been embraced with open arms. Bitcoin and its counterparts have given light to a whole new window of opportunities for online casinos and their players.

By using crypto to deposit and withdraw, players enjoy speedy transactions, low fees, and anonymity.

CryptoSlots is one of the first casinos to solely accept cryptocurrencies. Its members enjoy the freedom not on offer when they visit traditional online casinos. They do not have to give away extensive personal information – only an email address is required to sign up. Their deposits are instant, their winnings can be traced from casino direct into their account. Even their game results can be traced to verify fairness.

Players have more power when they use crypto. And this security allows more time for fun – the aim of the game, after all.

What the Future Will Bring

The online casino industry was valued at over $45bn last year and 50% of all Bitcoin transactions were related to online gambling. The online gambling market is on track to reach $80bn in 2021 – all signs point to crypto gamers making up a large portion of the players in the years to come.

The blockchain has also offered a valuable tool for players concerned with the trustworthiness of their game results: Provably Fair. Provably Fair games certify every game result as fair and untampered with by any party. CryptoSlots, for example, uses this to guarantee a potential win with every spin of a slot. Provably Fair has already changed the landscape of how educated players choose where to play. The best casinos will likely follow suit in adopting the practice to prove trustworthiness.

With many cryptocurrencies positioned to exceed growth expectations in the coming months, crypto casinos and their players have a lot to look forward to.

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