Cryptos have been present and in use for quite some time now. And like it’s usually the case with many things we use on a daily basis, we don’t often think about how they were introduced to our lives. So, it may seem like cryptos were just there – ready to be used and implemented in all of the major industries, iGaming being one of them.
That’s why you can nowadays easily find sites where you can play bitcoin plinko with the help of just a few simple clicks. Of course, this is just one of the casino games – in a sea of many – you can play by using bitcoin and other cryptocurrencies.
With that said, here are just some of the ways in which cryptos helped revolutionize online casinos and the iGaming industry as a whole.
More secure payment options
It’s really no secret that cryptocurrencies present arguably the safest payment method. Since cryptocurrencies are based on the blockchain technology, they are currently one of the safest payment methods available. Additionally, due to blockchain, there really is virtually no room for any security breaches or unauthorized access to the transaction as it will entirely be realized only between the two participating parties.
What’s more, cryptocurrencies allow for almost instant transactions. While some of them may take up to a few minutes to go through, others happen instantaneously. Needless to say, this makes them a far superior offer, when compared to some of the more traditional payment methods. Simply put, instead of having to wait for hours – and sometimes even days – for your transaction to go through, cryptos allow for almost instantaneous results. Naturally, this doesn’t bode well for gamblers only, but online casinos as well.
High levels of anonymity
Finally, cryptocurrencies offer high doses of anonymity, which is one of the main reasons why so many online gamblers prefer using them. As mentioned previously, all crypto transactions happen between the sender and the receiver only, via blockchain. Therefore, there really is no need to provide any additional information, other than the ID number of your transaction.
These are just some of the ways in which cryptocurrencies have managed to revolutionize the world of online casinos. Of course, as technology continues to grow and evolve, so will cryptocurrencies and their ever-growing application. Therefore, it’s safe to say that we can expect only more changes to come that will continue to change things for the better.