online-gaming

More iGaming Innovation Expected as Demand for Crypto Gambling Rises

2020 has been filled with a lot of highs and lows – well, mostly lows. One of the sectors that showed its might throughout this year was internet gambling. While the transition to online gambling activities was mainly catalyzed by the coronavirus pandemic, experts were already projecting a lot of good things for the gambling industry.

Unsurprisingly, there was a significant surge in the demand for online gambling services and this not only resulted in significant revenue bumps for the sector but also saw the launch of a ton of amazing innovations.

Some of the areas that we have seen a ton of impressive developments are in the gambling dApps scene which is just beginning its journey. While the numbers that these new forms of gambling apps are attracting are still not quite as big as what traditional iGaming solutions offer, they come with a new or untapped audience that is definitely going to push the industry forward.

The main attraction of the dApps is that they offer something that other traditional mobile apps are not able to – that is, they allow the users to play from anywhere using their smartphones. We are headed towards a future where crypto-powered online gambling will be the norm. Thanks to the robustness of the new solutions as well as the fact that they are very hard to censor gambling dApps have a massive following that is expected to grow even bigger in the coming years.

Key Innovation Areas

Digital currencies and other elements of the crypto sector are being championed as the future of online gambling. The promise of a ton of new opportunities and possibilities is primarily driven by the belief that more innovative use-cases and applications of the technology will be realized along the way.

As you may have already noticed, there are some key areas whose development will drive the industry forward. These include the support for micropayments, easier onboarding as well as the demonstration of provably fair gambling. There are already lots of efforts being pursued in this regard but it will certainly take a bit of time.

A Few Setbacks

Crypto has come a long way since the late noughties and all of the advancements in the sector have proven to be very useful. Even so, it still is not quite there yet. To begin with, mainstream adoption still seems to be a few years away at best. Moreover, such issues as blockchain scaling are still impeding broader adoption.

DAOWallet

DAOWallet and the Quest to Make Crypto Gambling Better

Ever since it launched, DAOGroup has been very aggressive in its pursuit to deliver viable and innovative solutions to a number of the problems that continued to plague the crypto space. The launch of DAOWallet was part of these efforts and this has since grown to become an integral part of the budding ecosystem.

What Is It?

As you may have already guessed, DAOWallet is a digital currency wallet. Launched in early 2020, the cryptocurrency wallet has proven to be a revolutionary product especially with regards to its position as a bridge between digital currency and fiat currency for users all around the world. The wallets users can now enjoy instant currency swaps when they are using EUR, BTC, USD, ETH, TUSD, and USDC.

DAOWallet offers two account types. One is for individuals and the other is for businesses. All of them will have access to the same core features such as being able to store their funds in cold storage. For businesses this is very useful for growth and security – the cryptocurrency wallet conducts monthly audits in order to eliminate any loopholes that may be exploited.

What This Means for Online Gambling

For many online gamblers who have been holding out on using crypto, DAOWallet gives them a very compelling reason to finally join the bandwagon. By stabilizing the prices of crypto coins, the wallet protects both individuals and businesses from volatility. They do this by simply converting all of the incoming transactions with the most favorable market.

Also worth noting is how easy it is for businesses including gambling operators to integrate with DAOWallet. As if that is not enough, iGaming operators and other kinds of businesses also get to enjoy many other perks including competitive fees for deposits and withdrawals – there are chargebacks or rolling reserve for this.

“In essence, DAOWallet offers a simple, clean solution for partners wanting to integrate crypto payments into their casino brands. We do all the heavy lifting and compliance work at our end, so operators can work hands-off on the payments side and focus on driving acquisition to a new audience of crypto users.” DAOGroup’s CCO Glen Bullen commented.

DAOGroup has so much planned for DAOWallet. The platform has recently inked a major partnership with MoneyMatrix and there are several other unspecified partnerships in the pipeline. Additionally, even more improvements will be arriving for DAOWallet in the near future. Perhaps this is a sign that the cryptocurrency sector is ready to take the next leap towards mainstream adoption.

Bitcoin-ESPN-Global

ESPN Announces Blockchain-Powered iGaming Platform

ESPN which is one of the most recognized names in the eSports and gaming space has recently announced that it has launched a new blockchain-powered online gambling platform. The new platform is a robust next-generation gaming environment that not only allows users to leverage the full range of blockchain’s capabilities but also lets them tap into the world of digital currency. This means that players will be able to deposit funds into their accounts and withdraw the winning using Bitcoin and several other digital currencies.

The payments will be powered by Cryptopay, a renowned player in the crypto space. Cryptopay was chosen specifically because of the success it has had when it comes to makes digital currency payments a lot simpler, swift, and secure.

What to Expect

When ESPN Global first hinted at the new offering, it said that it was prepping a platform that would consolidate the most popular games into a single application for crypto prizes. Its plan was to use blockchain technology to decentralize both verification and support for transactions. Now, it seems that they have achieved all that.

Now, players are able to enjoy all the perks of the blockchain and digital currencies while still having access to top-notch online gambling experiences. Users of the platform are able to choose a game or even join other players to compete in real-time – here, the players with the highest scores are the ones that are awarded.

One other feature that many players will certainly appreciate is the premium membership offering. This allows some customers who are part of it to have priority access to slots as well as early access to some of the most popular games.

ESPN Global has also integrated Satoshi’s Treasure, a recently launched game into the platform that offers mind-blowing prizes to the winners. In addition to the game, the operator will also be giving each of its players airdrops of its Smart Gaming Token (SGT) as gifts. Now, that is not something that you will want to miss out on.

The Growth of Crypto-Powered Gaming

Needless to say, online gambling has been on the rise and it is increasingly integrating other technologies. Digital currencies and blockchain have become the leading technologies for many online gambling businesses simply because they offer solutions to some issues that have plagued the industry for a very long time.

With huge brands such as ESPN Global now leading by example and showcasing just how useful the crypto-ecosystem is, the growth of crypto gaming is certainly set to pick up the pace. Its been over ten years since Bitcoin, the first cryptocurrency, came to be, and perhaps it is finally going mainstream as originally intended.

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Crypto Casinos Becoming a Norm in the United Kingdom

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.

cryptoslots-logo

CryptoSlots Donates Thousands of Dollars to Direct Relief

Many industries and economies across the world are still reeling from the effects of the coronavirus pandemic. There are, of course, some industries or businesses that have been able to keep operating, and some of them are all about helping people pass time while in lockdown. Thankfully, many of these businesses have been doing more than just offering people ways to kill time.

Needless to say, beating the pandemic is a collective effort and thus it is very nice to see that even the gaming industry has been playing a role in the efforts. CryptoSlots, one of the most popular crypto-powered betting platforms in the United States has not been left behind. The company has over the past month been running the Micro Monsters Donation Campaign which is aimed at helping in the fight against COVID-19.

The company has recently donated nearly $15,000 to Direct Relief, a charity organization that works both in the United States and internationally. In the areas where it has access to, the organization tries its level best to equip medical professionals with essential medical resources as they continue taking care of people in various medical facilities.

Direct Relief has been running the COVID 19 Relief program for a better part of the year in a bid to assist health workers in the frontline on the fight against the coronavirus. Their aim is to ensure that the health workers are protected and that the affected individuals receive the best care possible.

Spinning the Reels for a Good Cause

Crypto Slots has given its customers the opportunity to play a fun and exciting game while at the same time participating in the fight against COVID-19. Every game you play has, therefore, in one way or the other, contributed to the donation. All of your spins will go to a good cause.

“We felt it was time to step up and help those who need it. We are so grateful for our players’ support in this effort. They kept those reels spinning and made a meaningful contribution to a group that’s supporting frontline workers and helping the neediest… Hopefully, this contribution will make a difference to those on the front line, as well as providing entertainment to those doing their part by staying at home.”

Michael Hilary, the manager of CryptoSlots.

Since its debut in the online gambling space back in 2018, CryptoSlots has gained a reputation for being one of the most revered crypto-based gaming sites. It is known for its top-of-the-line games as well as some very lucrative bonuses and promotions. Micro Monsters is no different – every slot player will certainly have fun with the game and all of the amazing features that it has to offer.

blockchain

Faster Payouts Coming with Blockchain for Online Casinos

 

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.

Cost Reduction

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.

crypto-gaming

Is It Time to Fully Upgrade to Cryptocurrency Casinos?

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.

The Verdict

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.

mintdice-btc-casino

MintDice Extends Investment Perks for Its Customers

Renowned bitcoin casino MintDice is considered to be one of the best crypto-based gaming platforms on the planet. It is also a top contender in the general online gambling space that is dominated by a number of popular gaming brands with vast amounts of resources and several years’ worth of experience. The online gaming platform attributes its success in the gaming space to its dedication to bringing the best of innovation and creativity to its users. One of the ways it has done this is by giving its customers the opportunity not just to play but also invest.

MintDice which has a reputation for offering the best bitcoin dice and bitcoin slots games leverages the power of digitization to serve its users. Digital currencies such as bitcoin are loved for the transparency they provide as well as the applications that they can support. That said, MintDice is offering the customers an incentive to enjoy crypto dice and slot games while at the same time earning from their digital currency investments.

The casino has recently doubled down on its efforts to promote its investment product allowing customers to play while enjoying nearly double the chances of winning.

Play and Invest

As mentioned earlier, MintDice is already a stellar online gaming platform and you will definitely not go wrong if you choose it. With its investment feature, the casino’s customers do not have to worry about being the casualties of quick and significant successive losses. The online casino basically offers a risk mitigation feature that effectively protects the platform from such kinds of external pressures.

The online casino currently offers its players a total of three types of risk-free investment opportunities. These are:

Crowdfunded Bankrolls

By part of these bankrolls, players will be able to participate in larger bets. This allows the customers to enjoy huge profits but within some rather lower pays. With this, landing a huge win from a relatively small bet is possible. How amazing is that?

Masternode or Staking Investment

This is a risk-free investment opportunity where the MintDice customers are able to easily make investments in the shared Masternode pools. From these modest investments, the players can then expect to receive handsome payouts from MintDice’s profits. The amount of payout received will, of course, depend on the player’s share size.

Be The Bank

This is another special risk-free investment opportunity where the users are guaranteed a no-risk payout opportunity. They receive 15 percent of each of the bets placed on the online gaming platform and the amount received is based on their share of investment.

greentube-svenska-spel

Greentube Extends Footprint in Sweden With New Content Deal

Renowned online casino solutions provider Greentube has recently announced that it has signed a deal with Svenska Spel’s online gambling business. Svenska is Sweden’s state-owned gambling operator and Greentube is one of NOVOMATIC Interactive’s divisions. Both companies will be utilizing the OGS platform to integrate Greentube’s casino content with the operator’s online gaming platform.

Thanks to the new partnership, Greentube’s massively popular gaming content will be live on the Svenska Spel Sport & Casino. In addition to the very large number of online slot machine titles that will not be available on the Swedish operator’s online gambling platform, it is also set to feature a decent number of classic land-based games that have been adapted for the online gaming sector.

Competing in the Swedish Market

Before 2019 rolled around, Svenska Spel was the sole operator in the Swedish gambling industry. However, the Swedish market was reorganized at the beginning of the year and this saw a number of operators gain entry into the very lucrative market.

While this was certainly great news for the gamers, it meant that Svenska Spel had to get used to competition from a number of international operators. With that much competition, the state-owned operator has had to pursue moves that are meant to make it just as appealing or better than the competition. This is where the deal it has inked with Greentube comes in.

With Greentube’s help, Svenska Spel will be able to significantly enhance its offering. Svenska Spel Sport & Casino VP Product Casino Jonas Nygren pointed out that the operator is counting on Greentube’s massive selection of casino titles to drive more customer traffic.

“Our customer base has been extremely engaged with their catalog of games and we look forward to a longstanding partnership moving forward,” the CEO said.

The Swedish market is still coming to the recent changes in the gambling sector and therefore Svenska Spel might still be able to re-establish itself as a leading player in that space.

Greentube’s Expansion Plans

Besides Sweden, Greentube has also been keen on extending its footprint in a number of different markets across the globe. Most recently, the gaming solutions provided launched a number of its titles in Croatia with PSK.hr, an online casino that is owned by Hattrick.

Greentube has also had its sights set on Switzerland, another country whose gambling market was recently reorganized. The Swiss online gambling industry is just a few months old at this time which means there is a great opportunity that Greentube can take advantage of.

bitboss

BitBoss Launches Tokenized-Powered Casino Tokens

 

Casino blockchain app BitBoss last month launched the very first casino tokens on the Tokenized Protocol for mobile gambling. The move, though relatively subtle, is set to completely revolutionize the gambling experience on the blockchain.

For this venture, the real money gaming solutions developer has leveraged Bitcoin SV. This has been achieved by embedding the casino blockchain app’s baccarat and lottery games within a dedicated Bitcoin SV (BSV) wallets. These games can be powered by either the native BSV tokens or custom tokens – a great example of custom tokens will be those that are created and branded specifically for use in a single casino.

Thanks to the utilization of the BSV blockchain, the platform enables provably fair gambling with both the bets and results being written to BSV transactions. On the same note, the payments are adjudicated and administered by smart contracts and to complement this, double-spend protection has been built into the platform.

How Does It Work?

Alex Shore, the co-founder, and CTO of BitBoss recently wrote a post that describes exactly how the platform makes use of smart contracts to process both bets and transactions. According to the post, as the players’ bets are sent to the Bitcoin SV blockchain, one of the smart contracts that are designed for BitBoss will process the bet before placing its results as well as the payout transaction back onto the chain.

“They include their double-spend prevention technology when using native BSV, and leverage Tokenized’s double-spend prevention when bets are placed using a custom token,” Alex Shore’s post reads.

Now, the company is focusing on integrating slot machines, a move that will allow slot machine lovers to directly send tokens between the slot machines and their device wallets. For this venture, there is a major emphasis on mobile games which have been growing in popularity all across the globe.

Bitcoin Genesis Upgrade on the Horizon

To further improve the player experience, BitBoss is also now taking steps to ensure that their software will transition smoothly and seamless into 2020. To that effect, the company has recently announced that they will be upgrading their Keyring libraries in order to support the new OP_FALSE OP_RETURN script type. As it turns out, this is a totally mandatory step since Bitcoin SV will be returning to the original Bitcoin protocol with its 2020 Genesis upgrade.

This move was primarily influenced by advice from the technical director of the Bitcoin SV node project, Steve Shadders. In many ways, by updating their own code this early own, BitBoss will be getting months of the shift while keeping its services running for their customers to enjoy.