It goes without saying that the United Kingdom is one of the most lucrative gaming markets in the world. The country has spawned some of the most recognizable gambling businesses and brands on the planet – that was just the beginning through.
Thanks to technology, the UK’s gambling industry has been able to reach greater heights – this was likely expected especially considering the high demand for gaming offerings in the country. Gamblers in the country have access to some of the best gaming options on the planet thanks to the adoption of the latest gambling technologies, something that has fostered even more growth.
Just when you would think that the industry has reached its peak, there are even more technological trends cropping up as the gaming operators strive to stay competitive and appease their customers. One of the things that are growing significantly is the integration of cryptocurrencies and blockchain. There are now a good number of crypto casinos and an equally large number of operators are adding digital tokens such as bitcoin and Ethereum to their platforms. Some have even gone as far as designing their own digital tokens.
Thankfully, this massive shift can be attributed to more and better awareness of crypto-related concepts. There is a ton of readily available information that details the benefits of crypto, how it works as well as some of its drawbacks. With all that, in mind, gamblers can bow make informed decisions about whether crypto is worth it or not, and considering the current situation, very many of them are quite impressed.
Why Crypto is Growing So Popular in the UK
Cryptocurrencies and digital currencies have been at the forefront of a financial revolution for quite some time. In the world of gambling, the technology presents a whole lot of benefits that could certainly not go unnoticed.
Many gamblers in the United Kingdom have been sold on the idea due to the speed and safety that is associated with digital currencies. Making payments is a breeze and players never have to worry about having their funds withheld.
Moreover, considering the tight regulations in the United Kingdom, some players see crypto as the ultimate option when it comes to enjoying their favorite games while maintaining their anonymity. There could be drawbacks as a result of this but operators are working around the clock to fix some of those issues while retaining all of the best features. So far it is going great.
The global online gambling industry has been on the rise over the past several years and its upward trend is expected to last a few more years. As much as the industry is on a roll and is growing at a very fast pace, it has still been plagued by a number of challenges. Both the online gamers and the gaming operators have felt the pinch of these shortcomings. One of the most notable ones is the noticeably slow payouts that have left gamblers frustrated and the gaming operators without customers.
Thankfully, several solutions are being considered for these challenges and the blockchain is perhaps one of the most popular ones. This is simply because the technology has bee marketed as the best possible solution for challenges pertaining to quick payouts and greater transparency.
The credibility of many online casinos has been questioned despite the growing number of users and online gambling platforms. In essence, this means that both the customers and the operators are not able to fully capitalize on the growth. Features such as Trustless gaming are increasingly becoming important buzzwords in the world of online gambling and with time, they might just define how every gaming operator works in the future.
Hidden fees are still one of the biggest challenges that customers face when making withdrawals from their online casino accounts. These extortionate charges are often not justifiable and may dig deep into the players’ winnings. No one wants that.
Aside from the fact that blockchain transactions are meant to be superfast, there is also a lot of optimism that it will play a big role in reducing the fees gamblers are charged by a fairly huge margin. Digital currencies are increasingly becoming viable payment options in both the world of gambling as well as in other sectors and this perhaps the first step towards affordable transactions.
Revolutionizing Online Gambling
Online gambling has indeed come a long way since it was conceptualized and the first online gambling platforms launched. Now, it seems like the industry is ready for yet another revolution as the sector goes through massive evolution especially with regards to the operation of the gaming sites. Blockchain and crypto are becoming an integral part of our online gaming experiences and even though they are just beginning to take off, their potential impact can already be felt. Fair, transparent and affordable online gambling is making a comeback like never before.
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.
Online gamblers in the United States are set for a treat thanks to the addition of Booongo’s impressive online slot portfolio to the Vegas Crest Casino catalog. The Vista Gaming-owned online casino operator will be rolling out gaming content from the software developer and its US-based customers are going to be among those that will be able to access the new offerings.
Vegas Crest Casino which is licensed by the gambling authority of Curacao is among the few industry players that accept players from the United States – the country does not allow online gambling operators within its borders to offers online gambling services to its people except in a few states where the practice has been officially legalized. Regardless, gamblers in the country are still able to enjoy online gambling on international online casinos without worrying about a lot of legalities since the law mostly speaks about the operators themselves and not the players.
With the over 40 Booongo slots that it will be adding to its already existing massive library of more than 1,000 online games from some of the leading software developers in the industry, Vegas Crest Casino will be even more appealing to online gamblers both across the United States and the rest of the world. In the United States, the online gaming platform will be the exclusive source of Booongo games which means that players who like slot machines will be swarming the site to get a piece of the action.
According to the casino software developer’s chief executive, the new online slots are set to “immerse players in a rich atmosphere with exciting game features and innovative gameplay” which simply means that they are among the very best that the global online gambling industry has to offer. Very few online casinos can match up to these offerings.
Booongo’s Quest to Concur the World
Having been in the online gaming industry for years, Booongo has been able to build a strong reputation for itself as one of the best suppliers of 2D and 3D online gambling content on the planets. The content it offers does not just look good but also offers a ton of great things including unique and authentic features as well as innovative game mechanics and math models. One of the most popular features is the game spectator mode which allows players to play one-on-one tournaments live.
In addition to having some of the most polished games in the iGaming space, Booongo also boasts of catering to very large audiences in all corners of the planet. In fact, the supplier’s gamers currently support a total of 18 languages with more set to be added in the near future. Its expansion to the United States’ online gambling market is just the beginning.
While online betting is one of the most profitable businesses on the planet, the main, if not the only, beneficiaries are the large centralized online gaming operators that run the industry. Well, not anymore. A new platform and dApp referred to as Kryptium is now allowing online gamers from all over the world to connect with each and place bets – this peer-to-peer gaming model eliminates the need for a centralized odds-makes otherwise referred to as the ‘house’. This means that is possible for almost anyone from any part of the world to connect and make bets with the new application.
How It Works
One of the most powerful features of the blockchain and crypto networks is their ability to connect people directly. The Kryptium dApp exploits this feature to allow gamblers to make event-based wagers on just about any event that they may want – these range from fantasy games, typical sporting events such as poker games to even the outcomes of popular TV shows such as Game of Thrones. Kryptium allows players to place three types of bet on upcoming events. These are:
Pool Bets. – These are the kind where players bet on the predicted outcomes with all the bets being placed into a single pool. The players whose bets correctly predict the outcome of the event then share the pool. Moreover, the odds for this type of bets are dynamic and are hence dependent on the number of players in the pool and the wager amounts that each of them places.
Head-to-Head Bets. – For this type bet, one of the players opens up a bet for which they define the odds that another player is supposed to match. This model is perhaps the purest one in existence since the gamblers are completely free from any unfavorable and centrally defined odds.
Multi-Player Bets. – If you are a high roller, then this kind of bets will best suit you. In this case, the player who defines the odds does the same as they would in the Head-to-Head bets but this time, multiple players are required to match.
Other than the aforementioned bet options, Kryptium customers are also treated to even more perks that are not provided by the traditional online betting platforms. For instance, the players can expect top-notch security not just because the dApp is based on the Ethereum blockchain but also because the platform has gone out of its way to further enhance it to ensure that player funds are protected.
Furthermore, customers will also appreciate the platform’s transparency, the exception user interface that it offers, the extremely low commissions as well as the advanced level of control that it gives them. That is very hard to beat.
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