After the pandemic, almost every Crypto casino has gained a lot of user base. As they have offered an alternative way to engage in online gambling. However, I wonder if they have been able to churn customers who are used to traditional online fiat casinos.
As per my understanding, crypto casinos have offered benefits that some fiat-based casinos cannot match. Another reason is cryptocurrency provides faster transactions and a level of privacy. Thinking about the regulatory environment surrounding cryptocurrency globally. I think a lot of crypto casinos are still churning existing users of other crypto casinos.
Some of these features can be appealing. If a user is looking for a more seamless and secure gambling experience. Whereas as per my understanding, not all players are comfortable using cryptocurrency. One reason, that I could think about is that cryptocurrency is still a relatively new technology & it might be the primary reason some players are hesitant to try them out.
Another reason is strict regulations on Crypto Casinos. That is one of the primary reasons why I think churning of fiat casinos user is not able to attract new users and retain old customers.
There are many more issues that I believe have hampered the churning of a traditional user to a crypto gambler. But the number one issue as per my research is individual preferences and circumstances.
I think most crypto casinos are still churning out existing customers. I also believe that it is not that easy to get a traditional online gambling user to change their habit. What do you think?
I will take your assumptions as fact because I can't verify some of your information. One of the reasons why I find it unconvincing about some facts is the one you said fiat casinos are unable to attract new users, maybe Globally they don't have the means to have new users since they are limited to only a particular currency but if it is within the country, they will make tons of money because the people of that gave them the license of operation will force their people to use that casino as they are recognized and allow to operate as a monopolistic platform, there is big money in a business that doesn't have a competitor you know.
Maybe they are just looking at one perspective and see only the growth of online casino for past years. Crypto casino really grow since gamblers doesn't have a choice but to play online since all of physical casino is close due to many restrictions. But so far looking at current condition where all people is free to go anywhere they want I also see that physical casino is growing and you cannot defeat the experience playing physically than doing it online since the ambiance is really different, also you can meet various people which can add up the excitement going to those places.