The rise of Cryptocurrency – the future of online casino?

The rise of Cryptocurrency – the future of online casino?

15/10/2020

Agencies |.- Over the last few decades the arrival of the Internet as a genuine force has turned the world on its head, with it being the catalyst for so many different things in the 21st century. Did you ever think you would be able to order pretty much anything you want online, for example? And then have it turn up at your door the very next day? This is just one simple example of the extreme change that we have seen in the 21st century due to online activity, however there are countless more.

Just think about the world of online gambling, for example. It was only two decades ago that people had to actually go to a real life brick and mortar casino in order to gamble, whereas now all you have to do is log in online. Online casino like King Casino have become by far the most popular way for people to gamble nowadays, and now it seems as though the rise of cryptocurrency might coincide with this too. But is cryptocurrency the future of online casino? We suggest you read on to find out.

What is cryptocurrency?

The first thing to explore here before getting into the real question of whether cryptocurrency might be the future of online casino is simply asking what a cryptocurrency even is. Many people may not be familiar with the burgeoning world of cryptocurrencies, so let us explain a little about what this new mode of monetary exchange is.

Basically, a cryptocurrency is a type of currency that exists purely in the virtual sphere, with long bits of computer code called block chains forming the basis of it. Famous examples of cryptocurrencies include Bitcoin, however these days there are various people offering them. Worldwide authorities are still relatively careful around cryptocurrencies, however, with there being an absence of legislation in place in most countries.

Can you use cryptocurrency in online casinos?

Right then, the next question to ask is whether or not you can use cryptocurrency in online casinos. The simple answer to this is yes, however there aren’t actually that many online casino sites that offer cryptocurrency deposits, with most of them sticking to the tried and tested methods such as Mastercard or Visa.

That isn’t to say that cryptocurrency online casinos don’t exist though, you will just need to look a little harder to find them!

Positives and negatives of using cryptocurrency in online casino

One of the main positives of using cryptocurrency to make deposits at online casinos is the fact that you can do so with full anonymity, so nobody will really know who has made the payment and it is also untraceable. Another positive is the fact that cryptocurrency deposits can be made instantaneously, which isn’t always the case with other payment methods.

The main downside for cryptocurrency deposits at online casinos is simply that it still isn’t offered by many sites, however that may change.

Is cryptocurrency the future of online casino?

Is cryptocurrency the future of online casino? It is hard to tell, however we’re not so sure.

| Agencies

Fuente: Agencias