The Rapid Rise of Crypto Casinos
The online gambling market has seen various trends in the past 8 years. Statistics show that at the start of 2021, wagers and bets placed using crypto amounted to around 25% of the entire iGaming market. By December 2021, that number had soared to a surprising 45.1%. In quarter one of 2022, crypto betting tripled its yield from the start of the previous year, boasting a 110.7% growth. Crypto casinos and bookmakers are close to taking half of all wagers placed, globally.
The fiat currency-based casinos have felt this pressure. They have dropped its share of the multi-billion-dollar market from 88.2% in 2020 to 64.6% by the end of 2021. These numbers are expected to continue dropping in 2023.
Online casinos thrive on innovation – and it’s the changes in trends that keeps existing clients satisfied and attracts the next punters. And that is why the biggest platforms and online casino comparison platforms such as casinoutankonto24.se try out new crypto casinos to continuously enhance user experience whilst also comparing the best casino bonuses for punters.
From computer-simulated games and use of cryptos to mobile and smartwatch gaming and virtual reality, here are the biggest trends that are shaping the world of gaming.
Crypto based Casinos
Crypto based casinos have taken the iGaming world by storm. After years of testing its actually happening. While traditional games are centralised, crypto gaming has, through blockchain technology – enabled players to use their rewards and items across different crypto gaming projects. Crypto gaming also allows users to earn money – for instance, by buying items, levelling them up, and then selling them at a higher price.
How Does Cryptocurrency Work with Casinos
The utilization of cryptocurrencies has emerged as a current pattern in the online gambling sector in recent years. The first blockchain-based money to be accepted by casinos was bitcoin in May of 2012, and its adoption cleared the path for this development.
This was quickly followed by other well-known digital currencies, such as Ethereum and XRP Ripple, which appeared shortly after that. Aside from cryptocurrency, non-fungible tokens (also known as NFTs) are a revolutionary new idea born out of the blockchain revolution.
Pay n Play Casinos
These types of casinos are highly popular in Sweden. This payment method has been developed by Trustly, Pay n Play has been gaining rapid popularity – thanks to its benefits in making financial transactions easier. But easier is also safe – because by making use of a bank’s security and verification systems, Pay n Play combines ease of registration with safe betting. Through Pay n Play, users can register and deposit in a jiffy – without having to go through the burdensome process of registration. Moreover, withdrawals are also fast and easy.
For gamers, having an audience is encouraging – and spikes up the adrenalin. And that can be a real – or online audience. One of the most popular platforms for streaming is Twitch – as it allows crypto casino players to build up a community and possibly monetise it.
For those wondering, back in 2014, Amazon paid almost one billion dollars to acquire Twitch. And since then, this streaming-only platform has been attracting more and more users – especially those interested in gaming. Because while any kind of content can be streamed on Twitch, the vast majority of content creators are game streamers. And that is an advantage – as the vast audience still feels like a community with similar interests.
It has to be said that Twitch has banned gambling advertising since the 18th October because of heavy pressure from various media outlets who were claiming that a lot of young people were being exposed to gambling addictions. The platform remains a firm favourite amongst the video gaming community.
Virtual Reality has been progressing in leaps and bounds – and it was only a matter of time before this cutting-edge technology started being applied to gaming. It is still in its infancy – and in those casinos that use VR to enhance user experience, gamers can currently view details such as the dealer and some background behind. But fast-forward, and users – especially those that prefer live casino gaming – will soon be able to walk across casino floors, enter poker rooms and enjoy the details normally associated with a brick-and-mortar casino.
Virtual Reality or VR is another nifty invention that paves the way for a more immersive casino experience. With more VR accessories readily available to the general public, the push for VR-based casinos to evolve is on the horizon. It is only a matter of time before everyone has easy access to these virtual reality casinos from the comforts of their own home. Net Entertainment, one of the gambling world’s best and most popular software providers, had recently shown and proven that they are ready to upgrade when they showed a demo of their virtual reality version of their in-demand Jack and the Beanstalk slot machine game. There is a strong outcry for releasing more VR versions of their other popular games.
Benefits of Crypto Casinos
Most casinos offer some different benefits, in the style of bonuses, free spins, free play money, and much more to the players. Of course, it would be a shame not to get any benefits at all when you still start playing on a site. Many people also prefer to check out what some different casinos can offer in terms of benefits, to make sure that you get the most out of signing up for a casino account. This can be a very good idea, as it can give you a lot, although it also requires some work on your part to make a comparison of this kind properly.
Mobile betting for Bitcoin Betting
Long gone are the days when gaming meant dressing up and driving to the nearest casino. Thanks to online casinos, gamers can enjoy a spot of entertainment from the comfort of their home. And with device portability, the blockchain technology for crypto has enabled gaming to go even further – allowing users to enjoy their favourite casinos from their mobile using cryptocurrencies, while on the go. And that has encouraged developers and platforms to enhance – and continue enhancing – user experience for mobile betting.
Ultimately, the best crypto casino games with the best gambling experience are the ones that offer the best payout percentage and are the easiest to play. However please always make sure that you play responsibly. You should also be sure to take into account the welcome bonus and the reputation of the crypto casino offering it. Now that you know what to look for when choosing the best casino games, you can start playing at the most profitable sites. Swing by casinoutankonto24 to find the top-rated casinos for each game type and enjoy the welcome bonuses.