Two areas are making a lot of waves at the moment, online gambling and cryptocurrency. In the past few years, these sectors have seen a dramatic rise, as consumers continue to accept them. Of course, online gaming has had a head start. Internet casinos go back a couple of decades, but it is only recently that the industry has come into its own. The coronavirus pandemic contributed considerably to the boost in revenues for online gambling sites. Cryptocurrency has also had a good run, with different coins enjoying surging popularity and, consequently, value. Bitcoin, for example, attained its highest price in March 2021. Technology has always been a major driver in the internet gambling sector. So, it's not surprising that blockchain technology, which is the foundation of digital currencies, has had a huge influence.

Blockchain in online gambling has been a hot subject of discussion recently due to the growing number of crypto casinos. One might even say that the future of cryptocurrency gaming is here. However, digital coins are not the most stable, which has led to speculations if they have any real staying power in the casino industry. Understanding the role of crypto in internet gaming is crucial in learning where this partnership is headed.

Crypto and Online Gaming

Online casinos that accept digital currency are not that much different from those that support fiat. The main distinction is in how players deposit and withdraw. For this reason, it hasn't been challenging for operators to adopt crypto coins as payment methods. The slow acceptance of cryptocurrency as a viable banking option is why adaptation took so long. Cryptocurrency is relatively novel, with only a handful of sites supporting the payment alternative. Bitcoin is the most supported coin, thanks to its dominance. When Bitcoin started gaining value dramatically in 2017, it demonstrated the potential of digital currency. Even after it lost value, consumers had already noticed. Other coins began to make waves, as well.

The gambling industry is one of the sectors that has shown what crypto can do. Digital currencies market themselves heavily as pseudo-anonymous, transparent and decentralised. Some markets might not always realise these benefits, but they lend themselves well to online gambling. Casino gaming has great use for what crypto offers. Currently, gamblers can transact with major coins on various platforms. A look at the Bitcoin Casinos review on should paint a picture of available crypto sites and how they operate. Today's gambler only has to decide on the preferred digital coin to find at least one suitable casino. Two years ago, less than five casinos accepted crypto, which says something.

Why Cryptocurrency Gaming is Here to Stay

The more people embrace digital coins, the higher their penetration across different sectors is going to be. Acceptance translates to adaption. At the moment, Bitcoin and other altcoins like Ethereum, Litecoin and Dogecoin are solving several issues in online gambling. These problems have been part of the industry for a long time, and gamblers had learned to live with them. Then, along comes crypto with practical solutions. As long as digital currencies continue servicing the internet gaming scene as it has been, then they will always have a place. This article explores some of the problems that cryptocurrency solves, making it worth investing in.

Regulatory Issues

Despite their wide accessibility, online casinos are not available everywhere. Some nations have strict laws that prohibit internet gaming among residents. Even if a gambling website is available in such a region, it will prevent account registration. VPNs have become the go-to solutions for players looking to circumvent the rules. The problem, however, is that fiat payment methods can be traced back to an account holder, even when using a VPN. Crypto's partial anonymity comes in handy in this scenario. Players in restricted areas can deposit and withdraw digital currencies without too much trouble. After all, you only need a wallet address for transactions.

Gaming Fairness

The question, 'are online casino games rigged?' is fairly common. Many players believe that gambling sites have a system that enables them to tilt the house advantage to their favour. Casinos are not eager to pay, especially big wins. So, reports of operators refusing to honour just winnings are not exaggerated all the time. Cryptocurrency gaming can help minimise such cases and alleviate concerns. Blockchain can store records of the bets and games played, the outcomes, winnings and payouts. Thus, players can always retrieve transaction histories if disputes arise. Provably fair gaming is another way to solve the trust issue. The system enables gamblers to check specific titles to ensure that they are operating optimally.

Security Risks

Gambling online has its risks, which have always raised concerns. Compromised data is the biggest threat facing internet gamblers. When you register at an online casino, you have to submit certain information. The same applies when transacting through cards or wire transfers. It's why gambling websites are popular targets for cybercriminals. Lost data can cause various problems, including stolen identities. Even though some casinos implement robust security measures, they may not be sufficient. Limiting the amount of private data that

an operator has is one way for players to protect themselves. Digital currencies help with that. For one, crypto payments don't require you to provide card details or other sensitive data. Distributed ledgers also allow public verification, hence, protecting transactions.

What the Future Looks Like

The online gambling industry is always working on reducing fraud, lowering costs and being fair. Cryptocurrency provides a chance to achieve that. Digital currencies only seem to be getting more popular by the day, with the market now offering over 6,000 coins . Despite the concerns raised about the longevity of crypto, it is clear that the technology might remain relevant for the foreseeable future. Therefore, operators that facilitate digital currency payments will be at the forefront of the shifting online gambling trends.

Presently, gaming-specific digital currencies, such as CasinoCoin by XRP, have started hitting the market. Additionally, the sector already has major gaming brands accepting digital coins. Another aspect that speaks positively to the future of crypto gaming is regulation. Cryptocurrency sites are not required to be registered. However, selected regulatory bodies have started licensing operators that support digital coins. Players can, therefore, gamble with confidence.