We are already in the trend of crypto casinos and we have been seeing majoriry of fiat based casinos now accepting Bitcoin to attract gamblers that love gambling with cryptocurrency.
Before the launch of Bitcoin many years back, it was difficult for me to gamble on some casinos back then because of so many restrictions due to currency conversion and bank not supporting the mode of transaction i was meant to use in making deposits on the casino I love to use then. Apart from that, sometimes you will have to wait for several hours before the casino will finally confirm my deposit.
So many challenges we faced then because their was no other alternative we can use to make fast deposits on foreign casinos but since the emergence of Bitcoin, life has been pretty good, influencing vast rising of crypto casinos.
What is your observation so far and do you think the trend will hit other industries that are still slow on Bitcoin adoption?
Well, there is no doubt, the crypto casino platforms are playing a vital role in Bitcoin adoption because most of them accept Bitcoin as more of deposit and people are learning to use Bitcoin and other cryptocurrencies to deposit, and also feel safe withdrawing Bitcoin or any other cryptocurrency instead of Fiat currency due to bank charges and privacy issues.
Nevertheless, I do t think gamblers do hold their Bitcoin or the crypto they withdraw from the casino and betting platforms, this shows that they are only getting to know crypto just to use them for transactions.
Due to the nature of gambling that requires gamblers to be making frequent deposits so they can gamble, this alone has increased the usage of Bitcoin especially in Bitcoin casinos and others that support the Bitcoin network for making deposits.
There has been new casinos joining the gambling industry while support deposits and withdrawals in Bitcoin so they can keep having frequent traffic from new users.