What a time to be alive. 2020 is finally here and it is quite amazing that we can ask these kinds of questions. Cryptocurrencies and associated technologies have finally gained enough popularity and are mature enough to be integrated across a number of industries. However, does this necessarily mean that it is time to fully replace traditional online casinos with crypto-based options? Maybe.
A Decade of Massive Developments
The emergence and growth of digital currencies over the past decade was quite bizarre even though crypto enthusiasts have been preaching about the digital currency revolution for years. The gambling industry’s adoption of digital currencies and blockchain was, on the other hand, quite unexpected. Even so, the development was welcomed with open arms especially considering the huge benefits that are associated with them.
Digital currencies have been improved in a number of ways in order to ensure that they deliver on the promises of better security as well as affordability with regards to the transaction fees. They now offer tremendous advantages over tradition fiat currency.
Moreover, the integration of the provably fair gaming systems has been a huge boost for gaming operators. Needless to say, online gamers are always looking for the best ways to maximize their gaming experiences. Provably fair systems not only ensure that they are able to enjoy fair games but also assures them that their winnings will be paid out.
As you may have already discerned, all the developments and improvements have been specifically designed in order to lead the world to mainstream crypto adoption. The technology is already used widely but it certainly has not caught up with traditional financial systems. This is perhaps an issue that is related to lack of trust or simply skepticism from parties that are of the opinion that ten years might be a little too short for the technology to fully mature.
As mentioned earlier, switching to a crypto-only casino is totally justifiable but that is a decision that only the gamers can make at this point. That is, so long as they are familiar with how the digital currencies work. For online gaming operators, things might not be quite as simple. While a number of online casinos have already integrated digital currencies, only small chunks of their customer bases utilize them, at least at the moment.
We cannot deny the fact that digital currencies like bitcoin are cheaper to use for transactions thanks to their decentralized nature. Still, using these currencies as the only form of payment on the sites is a very risky bet for the gaming operators. Even so, it is quite commendable that it is something that can be discussed at length unlike the case a few years back. So, yes. 2020 can be the year you fully upgrade to crypto gambling. It is all up to you.