Blockchain Technology Revolutionizes the Casino Industry With New Tracking Solutions for Users

By January 30, 2020DApps
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Cryptocurrency casinos have been expanding in recent years due to the way in which the virtual currency market moved forward. Traditional casinos added Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) for users to deposit funds and enjoy a new way of dealing with their favourite casino games.

Nonetheless, it is not usually easy to handle virtual currencies while playing in these casinos. This is where Fairspin stands out with its unique solution for individuals. Users will have the possibility to understand and analyze all the movements they make with the casino and their crypto wallets. At the same time, it is possible for users to see and control their moves, plays and more.

This alternative solution comes to the market after traditional decentralized apps tried helping casinos to offer Bitcoin and other crypto solutions to users around the world.

Alternative Crypto Solutions for Crypto Casino Gamers

Fairspin aims at helping crypto and casino gamers to handle their funds while having fun. Decentralized Applications (dApps) became very useful in many different sectors, including casino games. These dApps aimed at solving many of the problems that casino handling digital currencies had.

For example, dApps can easily secure the game and results of each bet (win/lose) and see every single round and their respective results on the blockchain. Nonetheless, this solution is very limited to solve the current issues faced by casinos.

Fairspin takes all these well-known games in the industry from recognized providers, such as NetEnt, Microgaming and others, and allows users to see everything that happens between the players and the casinos.

Users will have the possibility to check their deposits made with virtual currencies, understand the bets they have made, analyze their wins and losses for each of their bets and have a deeper knowledge of their payouts over time. No other company, firm or decentralized app offered these solutions in the past, showing that Fairspin is a leader in the market for the aforementioned issues.

In order to do so, this alternative solution uses a cryptocurrency wallet to convert any currency – not only digital assets but also Euros or US dollars – to an ERC20 token called TPLAY. The price of the TPLAY token is always worth 0.001 ETH and when players make a withdrawal, all the funds are converted to the currency they used to make the deposit in the platform.

Users will be able to track all of their transactions and understand thanks to the fact that they can use Etherscan and even BTC explorers. Users will now be able to understand with Fairspin which is their winning rate in each of the games they play. This is certainly helpful considering that having clear information regarding the trades made and which bets were profitable would help individuals improve their betting strategies over time.

Conclusion

The cryptocurrency market has seen many different solutions over the years for users to be able to better handle their funds in the casino and crypto industries. While decentralized applications (dApps) were the beginning of this revolution, new solutions such as Fairspin arose. This would help individuals understand their wins and losses while offering a great service that decentralized applications couldn’t yet offer.

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