Bling Financial, a crypto gambing website, skyrocket from about 50% decline in gamblers during the initial lockdown last March 2020.
Although the primary cause of health issues worldwide, the COVID-19 pandemic tends to be the stepping stone in the popularity of crypto-gaming. Starting in 2017, casinos and other gaming websites already began accepting cryptocurrencies as a mode of payment. Because of that, crypto casinos are now trending in the mainstream.
To understand it better, below are the primary ways crypto casinos are more beneficial than conventional ones.
1-Casinos become transparent
Blockchain technology implemented on most online casinos is generally transparent. Meaning, processing of transactions is highly observed. The users will also have an idea of where the money will go once they lose bets.
2-Free of scams
Since fund tracing and tracking are generally allowable through blockchain, tampering would be unlikely to occur. You will be safe from scammers than using conventional fiat currency.
3-Highly operational worldwide
Restrictions are still on when you opt to play online casinos. Globally, gambling policies may generally depend on different countries. Yet, the placement and movement of money are highly regulated. Once cryptocurrency has been used, regulations have been bypassed.
4-Gained immediate access to winnings on a low cost
Transaction on a blockchain casino using cryptocurrency tends to be a little bit faster. With this, you can also access your winnings more quickly.
In general, the bitcoin wallet does not reveal one’s purchases and identity. So, your account would be more personal and secured.