Slotegrator: "The advantages of bitcoin casinos far outweigh any potential disadvantages"
Blockchain technology and the cryptocurrency market are gaining momentum. Slotegrator has been developing software for the gambling business for more than 10 years. The company claims that the advantages of bitcoin casinos far outweigh any potential disadvantages. iGaming is at the top of the increasing options for its application. Google trends data for "bitcoin casino" shows a steady growing interest in the topic. More and more gambling sites accept payments in cryptocurrencies alongside existing fiat currencies. This gives them the opportunity to reach a wider audience. However, opening a purely blockchain casino could restrict operators to those games that are developed on the basis of blockchain technologies.
Slotegrator explains why operators are opening crypto casinos. Operators see the value in crypto casino because cryptocurrencies are secure, transparent and popular. Players are drawn to crypto Casino by the security and transparency. They also value speed, anonymity and decentralization.
There is very little legislation that explicitly applies to crypto casinos. Slotegrator believes that the advantages of bitcoin casinos far outweigh any potential disadvantages.
Gambling regulations focus on transparency, anti-money laundering, combating the financing of terrorism and responsible gambling. Due to increased anonymity that cryptocurrencies promise, governments could see them as an avenue for illicit funding in the future. The volatility of the currency could be a downside for operators. Slotegrator believes the advantages of bitcoin casinos far outweigh the disadvantages.
Slotegrator believes the advantages of bitcoin casinos far outweigh the disadvantages.
Slotegrator expects the number of new blockchain casinos to keep rising. He believes the advantages of bitcoin casinos far outweigh any potential disadvantages. The future of iGaming includes the trend towards the adoption of Bitcoin as a means of payment and deposit.