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Cryptocurrency – the future of iGaming?

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mr.play Partners

Lurker
Partner
Joined
Jun 23, 2021
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7
One common denominator for our generation is the rise in cryptocurrency and the interest it is attracting. Recent studies show that around 75% of online gamers would be happy to exchange their virtual assets for a currency that they could use to buy and sell on other platforms. True convenience in its finest form.

How Does Cryptocurrency Work in iGaming?​

Users can obtain ‘crypto’ via something known as ‘wallets’, these digital wallets are like virtual bank accounts where one can buy or sell cryptocurrencies via these exchanges from wallets. For example, when a user wants to send cryptocurrency units to another user, they send it to the digital wallet of that user.

In iGaming, monetising is done in the form of in-app purchases, in-app advertising, and affiliate or referral marketing. Nowadays, there are online Bitcoin casinos that have adopted payments in cryptocurrencies, where players can play or trade using their new, digital assets – and every online casino has a crypto banking method option on offer.

Benefits of Cryptocurrency in iGaming​

The gaming industry is slowly starting to accept the insurgence of cryptocurrency, solving minuet transactional issues and frauds that players can encounter online.

Let’s take a look at some of the benefits
 
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