The Rise of Crypto-Integrated Game Libraries in Online Casinos

The rise of digital currencies has happened with surprising speed, causing remarkable changes across multiple industries - and online casinos are no exception. Digital currencies being incorporatedThere are occasions when we here at ReadyBetGo want to bring you interesting facts about the gambling industry  When something catches our eye, we will publish it for your enjoyment. 
  into gaming platforms has altered the way players interact with casino gaming. It provides players with greater convenience and security, and makes playing internationally far smoother.

A Shift Toward Crypto Payments

The reason for the shift to crypto in online casinos is the many advantages cryptocurrencies have over traditional payment methods. One of the most appealing features for players is that transactions are completed almost instantly. Traditional deposit and withdrawal methods in banking can take days to process. Cryptocurrency payments? A few minutes or so, depending on the coin you are using. That means players are able to start enjoying their online games very quickly, rather than having to wait for payments to clear with their bank.

In addition to that, cryptocurrencies provide a layer of security that most fiat payment methods would struggle to offer. Bitcoin and other payment methods are known for being very secure, after all. They also have the advantage of providing their users with high levels of privacy. Most cryptocurrencies are designed to offer anonymous transactions - and this can be very appealing to players who want to keep their gaming time private.

Bitcoin Slots and Other Crypto-Compatible Games

One of the most successful cases of integrating cryptocurrencies into pre-existing games has been with Bitcoin slots. These are slot games with the same basic rules as traditional slots—but players can use Bitcoin (instead of fiat currency) for transactions. This means they can deposit and withdraw Bitcoin for their favorite slot games (without needing to convert their cryptocurrency into fiat money first). The speed of crypto transactions is particularly important here as slot games tend to focus on fast-paced action. This means players can immerse themselves completely in the excitement of slot gaming without having to worry about any of the extra complexities that fiat currencies might add.

Given how popular this has proved, the number of different slot titles has increased rapidly over the last few years, meaning players can now try their luck at an increasingly varied selection of Bitcoin slots. These games provide the flavor of classic slot machines but add that little extra crypto twist to keep them fun. Crypto transactions allow enthusiasts to play Bitcoin slots from the comfort of their own homes with no need to worry about calling their bank to find out when a transaction will clear.

Why Crypto Casinos Are Gaining Popularity

So far, we have discussed what many would consider to be the main appeal of cryptocurrencies: processing speed and security. These are definitely major benefits, but there is another property crypto has that is particularly appealing to some players, and that is its global approach. Most cryptocurrencies are not tied to any specific country or financial region. This is very appealing to many people as it allows them to participate in games across the world without having to worry about either the hassle or fees associated with converting their currencies.

Even if that doesn’t apply to you, fiat transactions often involve significant fees due to the handling costs of the various middlemen involved. Most cryptocurrencies do still charge some fees for making a transaction, but these tend to be tiny by comparison to what is charged by banks or payment platforms like PayPal. As such, if you do manage to catch a big win while playing a Bitcoin slot game, you’ll see a significantly smaller chunk of your prize being taken by transaction fees.

Another advantage of casinos using cryptocurrencies is the increased transparency they add. This might seem weird given that we already discussed the benefits relating to privacy, but while transactions made using Bitcoin are anonymized, the record of each transaction made is still placed on a publicly verifiable and immutable ledger. That means there can be no debate about whether a given payment actually took place. The record of it will be there, recorded on the blockchain indefinitely.

Staying Informed with Crypto News

It isn’t just the crypto games that are catching on either. Some crypto-friendly casinos provide resources like weekly updates on crypto news, which let players in on important events, new game launches, and movements within the trading market for cryptocurrencies as well. These updates can provide useful clues as to which games are worth trying and how a crypto enthusiast can keep making their way through the crypto gaming jungle.

The Future of Crypto-Integrated Gaming

Crypto gaming has come a long way in the last few years, and offers many benefits over traditional methods (some of which we have detailed in the table below), but that doesn’t mean this industry has reached its limit. There is an almost constant stream of new applications for technology in this space, from smart contracts to new coins being released, and the crypto world is always evolving and embracing new trends. We can’t predict exactly how these will affect the gaming space going forward, but we’re excited to see what comes next.