The effect of cryptocurrency in the gambling industry.
Gambling is a game that has become loved by people, the fact that it appears to be an easy way for people to double their fortunes has made it an increasing option for a lot of users especially those who are good at it, the availability of the blockchain on the gambling industry has caused a lot of difference in its method of operation.
Certainly we know that cryptocurrency does not get into any sector without making any lasting impact, cryptocurrency is always a game changer and in the gambling industry it has also made some significant impact there.
Anonymous identification of users.
The blockchain has made it very easy and convenient for users to carry out gambling transactions without disclosing their identity to the public, this benefit makes it very easy for each player to get engaged in playing games and making profit without disclosing their identity.
Transparency and secure transaction history.
With the introduction of blockchain to the gambling system, it makes it super convenient for records to be kept, in cases of dispute in transaction those transactions can easily be traced with the help of the blockchain and the issue resolved almost instantly.
Fast and instant withdrawal.
After the game is played if you are fortunate enough to win then it is easy to have the funds delivered to the registered crypto account or even convert to cash if possible, this completely eliminates the stress of having to line up in a redemption centre in order to claim funds.
Reduction in the transaction charges.
Most gambling platforms offer very outrageous charges which in turn affects the profit realized by players but with the presence of the blockchain there is reduced charge on transaction. The transaction charges on the blockchain is highly reduced to almost nothing and this is a great benefit to gamblers.
The effect of cryptocurrency on the gambling industry is a very strong one, the adoption of cryptocurrency in the gambling sector comes with a great benefit.
Thanks for being a part of this week's class, Hope to see you in subsequent ones.
Gambling, I must say that EOS and TRON in particular made us understand how that works.
Rating 7
the use of crypto in online casino/gambling is such a convenience to people who gamble like me.
Yeah. A lot of online casinos now accepts crypto which made everything easier. What games do you play and where? Just curious. hehehe
I usually play poker and blackjack at https://stakecasino.kr/sports/. I also bet on sports sometimes. And they offer a wide range of bonuses and promos so I really recommend it.
Thanks! you know what, I read something about stakecasino.kr the other day, I'll share it with you, https://www.ittimes.com/news/articleView.html?idxno=38800. check this out.
I wish I invested in crypto before, especially BTC. hahaha