The latest technology can have a great impact on major sports and gambling companies. With the huge improvement in home cinema TV`s, attendances have dropped off in many different sporting events. Sportsbook betting sites are now under threat from the new digital cryptocurrency.
Crypto has started to take a 10% market share in a very short space of time by using bitcoin casino no deposit rewards, free crypto and unbeatable welcome & matched rewards.
Once BTC becomes fully mainstream and gamblers understand the benefits of using it against FIAT based currency, the companies that do not adapt will be left behind. We have seen this many times in the past with industries such as music, DVDs, cameras etc.
Over the last two years, the price of Bitcoins has boomed and it is now a lot more stable than the early days. It is largely thanks to the currency been used for gambling transactions and it is estimated that 40% of all transactions are related to this.
With the Edward Snowdon revelations along with the worldwide financial crisis, it has helped cryptocurrency boom in recent times.
Now that the general public is better educated about the advantages of using crypto, it is seen as a safe haven. If the financial crisis spread across Europe which is likely after the Brit exit, situations will arise like they did in Cyprus and Greece.
People are actively looking for a solution to protect their money from the Governments and Banks stealing it. The decentralized blockchain that is not controlled by anyone is one of the safest ways you can store a percentage of your money. You are protected should this happen in your country.
In the early days, dirty tactics were used by those who want to keep the current financial system as it is which protects the most wealthy in society. It took technology enthusiasts and not established casinos to start the Bitcoin gambling revolution.
The first game that hit the web was Bitcoin Dice which is a fast paced higher or lower rolling BTC game. The graphics in the early days were like they were designed in the 1990`s. They have since improved bringing them up to the highest quality standard.
The demand for this games made cryptocurrency experts got excited about the space as these games were turning over millions each month. With a huge gap in the market needed to be filled, the sectors have not looked back and grown from strength to strength.
It is only in just over a year that BTC sportsbook betting has started to take off. The Bitcoin Gambling industry is turning over around four billion dollars. It has attracted investment funds to invest in companies specializing in this crypto gaming space. Now every type of traditional plus nontraditional games is available to play using almost all type of cryptocurrency.
It is still early stages but already it has punters excited as they will gain the benefits of placing wagers on the Blockchain.
The design of the Blockchain and cryptocurrency is a perfect fit for sportsbook betting companies. It means that they can allow their players to play completely anonymously, therefore, protecting their credit rating because gambling transactions will not show up on bank statements.
If you read forum posts or review sites on traditional gambling sites, you will find the biggest complaint is the timescale for financial transactions to take place. Using Crypto eliminates this has payments are carried out in real-time and done in seconds. The profit margins will also greatly increase due to zero costs for sending and receiving money along with little regulatory charges.
The Bitcoin Casino No Deposit and sportsbook betting companies have a huge advantage over their traditional competitors as they Blockchain helps them automated the process and cut costs down. They are competing aggressively by using promotions such as Bitcoin casino no deposit codes, free rolls and spins
Make sure to visit our home page for a list of high paying welcome bonuses along with matched deposit promos. I believe within the next two years traditional established players will have all adapted it to their currency systems. Without giving the consumers the choice of which currency they prefer to use they will miss out.
This post was last modified on May 17, 2021 4:10 am
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