Post
Topic
Board Gambling discussion
Re: Is it beneficial for the crypto casinos to add stable coins?
by
GDragon
on 10/07/2020, 14:55:08 UTC
There's a trend in casinos to add stablecoins. Stablecoins would make it much more easier for traditional gamblers to move to crypto gambling sites. Most of the crypto casinos provide better house edge than traditional casinos and some form of gambling are still exclusive to crypto users.
I've seen on most casino sites that people are asking how to buy and sell crypto and how it's value is determined. They'll feel easy gambling with stablecoins.
Probably because they have less capital and maintenance compared to the traditional casinos where they maintain the place and they have a a lot of employees to play. Starting an online caisino does not need a big capital, so we are seeing a lot of online casinos and that makes the competition better in crypto, but this will only serve gamblers which are fan of online betting, not on the gamblers who like to play cards in a traditional casinos.

For now this is the only benefit I see for the crypto industry, some online gamblers who gambles in fiat will somehow be introduced to an online crypto gambling casino. They may try crypto for once or maybe a start for them to get interested in the crypto community. However, they may also feel that it is better to stay gambling in fiat cause yup, their money is protected from the volatility.

But this whole thing, I think all the benefits will go to the casino sites, they can have more traffic, they somehow got a solution for the volatility problem the gamblers faced in their platform. They have a choice for their customers who are tired of playing without a fixed price.