By
Jane Shaw
Senior Editor Updated: 01/01/2022
We count on Jane to inform our readers about the latest slot games in the US market. With her passion for video games and a degree in engineering, she’s our gambling tech expert. Jane’s also active in our blog section, where she tackles the curiosities and changes in the industry.
Crypto Casinos on the Rise
A recent report in the Washington Independent claims that more and more people these days are turning to online casinos that accept cryptocurrency as a means of payment for gambling.
The use of crypto for all sorts of services and goods has been rising over recent years, and over the past year, more than 10 percent of Americans are said to have invested in crypto.
Many businesses in a wide range of industries have benefitted from moving with the times and accepting cryptocurrency, and these include many online casinos. Younger people, in particular, often prefer to use crypto for all sorts of services and purchases, and this is something that casinos can cash in on by accepting this method of payment.
There are lots of reasons why gamblers seem to love online casinos that offer crypto capabilities, and this is why the popularity of these platforms appears to be increasing.
According to the Washington Independent:
A lot of people prefer crypto casinos because they can stay anonymous when they are playing. The bonuses are massive, withdrawals are fast, and you can micro gamble which is something only crypto casinos can offer you. You don’t have to go through a long questionnaire when creating an account.
Convenience is one of the major benefits of using cryptocurrency for those who have invested in it, according to the report. Many people who already have crypto do not want to go to the effort of changing it into cash in order to use online gambling platforms.
They prefer to use it as it is, and this means that they are more likely to turn to platforms that accept crypto for online gaming.
In addition, the report states that the rise in crypto investments has encouraged more online casinos to start accepting crypto. This has then resulted in the popularity of online crypto casinos rising in line with the rising investment in cryptocurrencies.
Over recent years, more and more people have been turning to online casinos. This has become even more of a growing trend over the past 18 months due to the global pandemic. Many people turned to online gambling sites during the various lockdowns last year and when casinos were closed for several months in the early stages of the pandemic.
The availability of crypto casino sites has helped to further enhance the popularity of online gambling platforms according to the report. For many, the increased security, ease, speed, and convenience of using these platforms when they have already invested in cryptocurrency is a big advantage.
Many also believe that the rising popularity of these platforms will see more and more online casinos introduce crypto capabilities in the near future, which means that consumers who prefer this method of payment will have far more choice.
This is something that could have a huge impact on the online casino industry over the coming years, with more and more offering these facilities.
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