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July 26, 2021

Blockchain-based Games and Gambling Become Mainstream

Over the past decade, Blockchain technology has really come to the forefront of the global financial landscape. While cryptocurrency coins like Bitcoin were once thought of as a joke or ‘just an internet currency’, they are not only now valued between several hundred to thousands of dollars, but also widely accepted by multiple industries as a standard method of payment. With the success of blockchain technology, more and more industries have started to incorporate it within their payment infrastructure.

Online casinos comprise one such industry that has fully embraced blockchain and cryptocurrency. While previously it was a rare sight to spot cryptocurrency coins in the listed payment methods at online casinos, they are now accepted by thousands of online casinos internationally, making online payments safe and secure for players throughout the world.

Blockchain and Online Casinos

Blockchain technology solves a lot of potential problems faced by players when it comes to playing at online casinos. All transactions made using this technology are recorded in the blockchain network permanently, keeping a record of the transaction forever. The permanent nature of cryptocurrency transactions means that casinos are protected from fraudulent payments and cashbacks, making the switch to blockchain worthwhile for them as well.

Additionally, blockchain payments are 100-percent secure and safe from any malicious attempts by third parties. These payments are also completely anonymous, making payments easy for casino players who cannot use other methods of payment due to their legal or geographic limitations that might prevent them from gambling at online casinos.

Cryptocurrency coins like Bitcoin, Ethereum, Litecoin, Tether, Bitcoin Cash, Dogecoin, Ripple, etc., are also associated with little to no transaction fee since the blockchain payment system is decentralized, as opposed to the centralized nature of banks.

Blockchain-based Casino Gaming

No matter what game you want to play, you are likely to find an online casino that offers crypto as a payment method. The blockchain system keeps a permanent record of every game you play at the casino, the amount you bet, your wins and losses, and successful payouts. It makes the use of blockchain and crypto in online casinos convenient for both players and the casino.

More and more online casino software developers are cashing in on the opportunity of using the next big thing in online payments in their infrastructure. Big names like Atari are also partnering with other online casino developers to create virtual cryptocurrency casinos to facilitate gambling enthusiasts around the globe.

Non-Gamstop casinos are the alternative type of casinos that allow players to play without feeling restricted by the UK’s Gamstop. Players can conveniently pay using the cryptocurrency coins mentioned above for a hassle-free experience. You can find the top list of Non-Gamstop sites here.

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