The growing popularity of cryptocurrency in the gambling industry

At the moment, there is a serious increase in the use of cryptocurrencies in online casinos, which over time can completely displace fiat money. Studies show that the volume of cryptocurrencies in bets has increased 3 times over the year.

In fact, it was an important innovation, which entailed simplicity and convenience. And many players over time are increasingly making the transition to this type of transaction. Statistics show that cryptocurrencies are already firmly established in the field of online casinos.

For example, SoftSwiss conducted research, as a result of which it was revealed that the demand for a new coin increased to 43.3%.

And this growth is primarily due to the increase in the consumption of digital technologies around the world. And there is an additional reason that game companies are investing more and more money in marketing. And this leads to an increase in popularity in the gambling industry and in betting among people who are over 21 years old. Now young people are actively using cryptocurrency in everyday life, as it is convenient, fast and completely safe.

And today the leader is Bitcoin, which occupies a huge part of the market. It is followed by Ethereum, and in third place is Litecoin.

It is thanks to their advantages that cryptocurrencies have conquered the gambling market, because with their help the player receives a decent number of advantages:

• The anonymity of the account owner in the casino. Cryptocurrencies, of course, do not guarantee complete confidentiality, but they significantly reduce the likelihood of a player being identified.
• Instant payment processing. Cryptocurrency winnings can be instantly received on your crypto wallet.
• Saving. When replenishing or withdrawing money from the account, the user pays much less commission than when using a bank card.