The gambling sector is one of the biggest in the world and each year it increases in size. In recent years though it has not had it all its own way. A boom in Bitcoin gambling has started and is growing rapidly as more people start to use the new digital currency.
The introduction of no deposit bonus BTC codes, free spins along with Faucets has helped encourage players to make the switch. Once they have done there is no looking back. They will discover the many advantages using crypto has over FIAT based currency.
Bitcoin gambling transactions now account for 10% market share and this has been done over the last couple of years. The industry is taking a close look at the technology. It will not be long before they realize the countless advantages of using the Blockchain and cryptocurrency.
It perfectly fit the sector as it gives players anonymity, financial transactions zero along with instant deposits and withdrawals.
It can help a casino to automate a great deal of their work and cut out the bank charges to increase profits. Once they enter the space there will be a regulatory battle. It will be hard for Governments to regulate as it is not owned by anyone as it is a decentralized network.
This is nothing new to the sector as they have fought these battles for hundreds of years.
Bitcoin gambling has helped increase the price of BTC and helped stabilize what was once an extremely volatile sector. Nearly half of all crypto based transactions are betting related. As the currency continues to grow in popularity, so will the amount been transacted each year.
Bitcoin Casinos are one of the fastest growing sectors on the web. There are hundreds of new sites related to BTC gambling are being launched each month. With no current regulations for BitCasino sites, they are lots more attractive to investors. There are no regulatory costs which reduces set up costs.
The amount wagered by punters using this form of currency tend to be lower than FIAT based companies. However, it was the best performing asset class of last year and is so again in 2016. The profits made by operators that deal in this space have seen them rise without having to gain any new customers.
There is still a long way to go in the education of the general public of the advantage of using cryptocurrency. Most people do not have the time or patience when it comes to setting up accounts or memberships?
With the financial crisis far from over and only getting worse, more people are making an effort to learn about the benefits of Bitcoin and the Blockchain. If interest rates go to a negative amount, it means that the general population will have to pay to store their money at banks. It will help grow crypto to an even higher level as there are zero interest cost or financial transaction fees when using the blockchain.
If you are wanting to try Bitcoin Casinos for yourself, make sure you find no deposit bonus btc codes or free spins. You will get BTC deposited into your membership account so you can play with real money without using any of your own capital.
This post was last modified on May 17, 2021 4:00 am
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