Cryptocurrency is having a positive impact on the online gaming industry. As online gaming has continued to rise in popularity there has always been issues surrounding the safety and security of each site. Users felt unsafe to try out different online sites for fear of their card details or personal information being compromised. There are still security concerns when signing up for sites in some grey markets. Although there are a lot more methods to deposit for your casino.
Consumers also have the added benefit of being able to make withdrawals and deposits in a matter of seconds (on rare occasion, a matter of minutes) at transfer rates that are so far below traditional transaction fees that they don’t even cause a problem. Being able to send thousands of dollars to and from a gambling site anywhere in the world in a matter of seconds for less than a dollar, which is possible with digital currency such as Bitcoin SV, beats having to pay 4%-10% and having to wait days or weeks for the funds to clear.
This is a fascinating time for the gambling industry, as well as the crypto space. The next couple of years are going to see huge leaps forward for both, and consumers will ultimately be the ones to reap the rewards.