Should Gaming and Poker industry Embrace Cryptocurrencies?

The emergence of cryptocurrency has created remarkable growth in the gaming industry. In 2018, crypto gaming recorded $137 billion in revenue, indicating a 13% increase from 2017. Online casinos have jumped on the moving wagon, and the trend has improved the gambling experience. 

Many players are considering gambling with cryptocurrency due to the many advantages associated with the innovation. It is now possible to play without retrieving identity. Players have used crypto in areas where gambling is deemed illegal. In addition, crypto gaming is safer than other modes of payment. Below, our expert, Jacek Michalski (read more about him here), explains why the gaming and poker industry should embrace cryptocurrencies.

Security

Today security is considered a priority by all, and gamers are not exceptional.  It is believed that online gamers hardly want to disclose their financial information. Bank records and credit card numbers carry sensitive data that might ruin many if a breach occurs. Enrollment of cryptocurrency in Poland’s gaming industry has ironed out security issues that could take centuries to rule out.  

Poles sigh in relief as they use crypto wallets that can transact both offline and online.  When the need to make a deposit arises, they use the wallet address attached to the gaming account. It is also possible to send it from one wallet to another. The bitcoin wallet is secured using an address consisting of 30 to 40 lowercase and uppercase letters and numbers that makes it hard to decode by hackers.

Anonymity

It is known that Poland has struggled with strict gambling rules that govern casinos.  Today, crypto gaming has made it possible to gamble anywhere, even in those areas where gambling is prohibited. Crypto allows gamers to create an account using a username and a password. 

Players do not have to give their legal name, address, phone number, or date of birth. With such great innovation at hand, players can play their favorite games without disclosing their identity. Anonymity has provided a solution to players who adore their privacy. Polish players who want to enjoy privacy can always find reputable sites that are reviewed at kasyna internetowe. 

Low cost of transactions

Cheap transactions have prompted many gamblers to use cryptocurrency for gambling. Players have experienced absurd charges when making deposits to casinos through traditional payment methods such as Visa and eWallets. With crypto, it now costs them a fraction of a penny to deposit or send other currencies. 

In most cases, some players use international gaming platforms, which demand paying currency conversion fees. Players can pay gratitude to crypto for helping them send coins to their neighbors or friends in different parts of the world at the exact cost.

Fast transactions

Speed is also another massive concern among gamers, especially when they need to withdraw their winnings. Some players have experienced distress as they wait for 3-5 business days to receive their winnings.  Cryptocurrencies processes transactions faster compared to the traditional methods. After winning, cash is deposited into the player’s account within seconds in some cases.

Higher limits

Digital currency has eased transfers of assets, meeting the demands of online gamers. Players get frustrated with credit card restrictions that cause distress among many. PayPal, which is the world-leading e-wallet, accepts a maximum deposit and withdrawal limit of £5,500. The amount is less than the amount a player can win in jackpots during a poker game. Digital currency has saved the day for players who wish to play big and win big. Some casinos have no limits for crypto deposits and withdrawals.

Large bonuses

The emergence of crypto has also changed the number of bonuses offered by various casinos. Crypto gaming platforms offer massive bonuses than regular casinos. Although there are platforms that accept fiat and cryptocurrency, crypto gamers enjoy huge bonuses. Rewards have helped much play without putting their money at risk. That is the reason why platforms that accept Bitcoin have a massive following.

Crypto is remarkably becoming mainstream by solving challenges that have faced gamers for a long time. Some big corporations such as Microsoft have also embraced the movement by allowing gamers to pay for gaming consoles using crypto.  Anonymity is a particular aspect that is celebrated by gamblers who love their privacy.