How does Bitcoin’s popularity affect the gambling industry?18/01/2021 21:01
Betting on sports and playing casino games is something that people have been doing for a long time. However, we no longer have to go to land-based betting shops and casinos to enjoy our favorite hobby.
Thanks to the internet, we can wager on sports, play casino games, and do pretty much everything online. What’s more, almost every reputable gambling operator has either a mobile app or a mobile site, which means that we can have fun even while using our smartphones and tablets.
Besides the internet, one of the things that significantly impacted the gambling industry is cryptocurrency. People didn’t believe in them once they were announced, but now, Bitcoin is one of the most popular things in the world.
Needless to say, this also affected the gambling business in a positive way. Let’s look at some of the positive changes that came to this industry, thanks to Bitcoin.
Customers can use even more payment options
Due to Bitcoin’s popularity, many gambling operators decided it’s time for them to include different cryptocurrencies in their portfolio. As a result, customers can choose from even more options than before. Of course, some e-Wallets (Skrill and Neteller) are still more popular than the rest, but this will likely change in the future. That’s why you should find a betting website that allows its clients to use cryptocurrencies. If you’re wondering where to bet with Bitcoins, take a look at some of the gambling industry’s biggest names, and you will probably find this option.
The payment process is safer
One of the most significant advantages of using Bitcoin or any other cryptocurrency is the safety factor. These payment methods won’t allow anyone to access your banking details, which makes them really good.
As you can imagine, most people are thrilled that they can finally make a safe transaction without worrying about their security. This forced some of the companies that are behind our favorite e-wallets to step-up their game and offer a safer payment process.
Bettors have access to unique bonuses
Since Bitcoin is the go-to option for many online bettors, you can often find different types of bonuses and offers that only work with this cryptocurrency. The fact that such bonuses exist means that bookmakers prefer their clients to use those payment options. This probably won’t surprise some of you because most e-wallets and bank transfers usually have a hefty fee. Luckily, you don’t have to worry about this if you decide to use one of the many cryptocurrencies
If we have to sum up, we think that Bitcoin’s popularity definitely has a positive impact on the gambling industry. Besides the fact that we can make safer transactions and use special bonuses, we can choose from a few different cryptocurrencies.
Bitcoin is still the most popular option, but you can find loads of bookies and online casinos that offer Litecoin, Ethereum, and Dogecoin. These payment options are also safe and fast, but we are yet to see whether they will become as popular as Bitcoin