Crypto Integration Fuels the Rise of a New Online Casino Era

As cryptocurrency makes its way into daily transactions, its influence is rapidly expanding into new markets. One of the highlights of this expansion is its entrance into the gaming world. The industry, which is already known for new trends, is embracing crypto integration at a fast pace. On many platforms like Metaspins, this adoption goes beyond payments, influencing the entire gaming experience for players globally.

Growing adoption of blockchain in iGaming

The rise of blockchain technology has unlocked new possibilities across industries, and the online gaming sector is proving to be a key beneficiary. Recent trends indicate a significant restructuring in various aspects of the industry’s system.

Unlike traditional casinos, crypto casinos use blockchain to streamline transactions. Blockchain analysts reveal that the appeal of these casinos lies in the ability to eliminate intermediaries, offer near-instant payments, and ensure greater transparency. For players, this means less friction and more trust. Similarly, introducing smart contract automation and provably fair gaming systems reduces manipulation and prevents errors.

These changes are not only drawing the attention of a younger generation of gaming enthusiasts but also retaining the older generation. In a nutshell, this shift is pushing casinos to catch up or lose their spot.

Top cryptos used in online gaming

Most crypto casinos support multiple digital assets to cater to their remarkably growing customer base. While most of these coins are technically compatible with online gaming platforms, a few stand out in terms of usage and acceptance. They include:

Bitcoin (BTC)

Bitcoin remains the most trusted and supported cryptocurrency, thanks to its reputation as the first digital asset to launch. It is accepted virtually in every crypto casino, though its transaction speed is slower compared to newer coins.

Ethereum (ETH)

Known for its smart contract technology and speed, Ethereum supports several blockchain-based games and NFT integrations. However, fluctuating gas fees remain a concern for some users.

Litecoin (LTC)

Ranking among the cheapest and fastest coins to use, Litecoin offers budget players an escape route from fees.

Dogecoin (DOGE)

Previously regarded as merely a means of entertainment, Dogecoin has changed its narrative with its stance in the online casino world. It is now known for its low fees, speed, and broad cultural appeal.

Tether (USDT)

As a stablecoin pegged to the US dollar, Tether offers a way for players to avoid crypto volatility.

What this means for players

For players, the growing adoption of cryptocurrency in online casinos translates into a whole new experience, mostly positive. Here are some areas where this is evident:

• Privacy: Crypto allows users to deposit and cash out without giving out personal financial information. This helps in addressing rising concerns over data safety.
• Accessibility: Crypto transactions remove many of the barriers that often limit players from using online casinos. As long as they have a crypto wallet and an internet connection, they can bypass these geographical and banking restrictions.
• Fast transactions: Unlike bank transfers or card payments that take hours or even days to process, crypto payments are processed almost instantly. Once it’s within the transaction limit, players can expect the funds to reflect in their account in no time.
• Lower fees: By removing banks and payment processors from the equation, crypto transactions often involve minimal to no fees, making them attractive for both players and casino operators.
• Control: Crypto wallets give players full ownership of their funds, allowing them to manage payments independently without relying on third parties.

How gaming platforms are responding

With the adoption of cryptocurrency gaining ground across online gaming, many casinos are now working to keep pace with the shift. Some are gradually adding features that support crypto adoption, while others have made it the foundation of their platform. One notable example is Metaspins, which launched in 2022. The platform launched with a crypto-first model designed to streamline payments and offer a more decentralised user experience.

Metaspins has a Curaçao licence and features an extensive library with different sections, including slots, live dealers, and even crypto-themed games. It also offers several incentives, including a welcome offer of up to 1 BTC and periodic promotions.

For players looking to experience a fully integrated crypto casino, platforms like Metaspins represent how the industry is beginning to evolve in practice, with a fast and straightforward signup process.

The future of crypto casinos

As more online gaming platforms adopt crypto into their systems, experts believe that the next phase of crypto casino evolution will involve more exciting developments. Even with regulatory restrictions currently challenging the possibility of global crypto casinos, there are speculations that there’ll be room for cross-chain integrations and deeper gamification.

Platforms like Metaspins are already experimenting with reward systems and loyalty tiers powered entirely by smart contracts. Hence, crypto casinos may soon become the default choice for players around the world.

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