The Future of Bitcoin Casinos: The Development of Crypto Gambling...

Aug 4, 2020 09:44 UTC

| Updated:

Aug 4, 2020 at 09:44 UTC

By Clark

1. The Reasons for the Demand for Bitcoin
2. Crypto Gaming Trends in 2020-2021
3. How to Launch a Successful Crypto Gaming Project in 2020-2021
4. The Main Things about the Prospects for the Evolution of Bitcoin Casinos in 2020-2021

Online gambling continues to expand its boundaries. In addition to new gaming technologies, innovative payment tools are emerging. Cryptocurrencies are very popular all over the world. A huge number of industries use this payment method to conduct fast and secure transactions. The gaming business is no exception here.

The Casino Market team decided to study the current situation on the crypto gaming market and predict the prospects for the development of this business direction in the future.

The Reasons for the Demand for Bitcoin

Why are digital currencies so popular among residents of almost every country in the world? There are several reasons for this phenomenon. For example, Edmund C. Moy, 38th Director of the United States Mint stated: “Bitcoin and the ideas behind it will change the traditional way of thinking about money. Ultimately the financial system will benefit from cryptocurrencies.”

It is difficult to disagree with this statement. Cryptocurrencies have replaced bank cards and cash for many people. Besides the positive forecasts of financiers, Bitcoin is very popular among representatives of the gambling business for several other reasons:

1. Incredibly high speed of transactions. A money transfer takes about 15 minutes. No other electronic payment system or banking institution can perform financial transactions so fast.
2. No commission fees. Neither operators nor players are required to pay any commission fees. This is possible due to the absence of intermediaries and the accelerated data transfer process.
3. High level of security. Due to its unique data encryption methods, Bitcoin is considered the safest payment tool in the world.
4. No financial restrictions. Gamblers can place bets of any size, from a few cents (or even less than 1 cent) to several million dollars. Determining the bet amount is solely the responsibility of the player.

Crypto Gaming Trends in 2020-2021

It is essential to understand that Bitcoin casinos are not fundamentally different from regular gaming websites. The only difference is the availability of a special payment method.

According to analysts’ prognoses, Bitcoin will continue to gain popularity and rise in price. It means that crypto casinos will be in demand. As for the gaming content itself, it will continue its evolution. Consider some 2020-2021 gambling trends:

1. Live games. Modern Bitcoin casinos are aimed at players who like to play games of chance with real dealers. This trend will not lose its relevance in the future. Live casino software will run more smoothly and the image quality will improve significantly.
2. VR and AR entertainments. These games are preferred by high-income gamblers. That is why such entertainments are often available on crypto gaming websites. They will continue to attract a wide audience in 2020-2021.

How to Launch a Successful Crypto Gaming Project in 2020-2021

In addition to the purchase of innovative Bitcoin casino software, operators will have to take several important steps to open a successful crypto project:

1. The search for the optimal market. Digital currencies are popular in many countries. However, some regions are leaders in the use of Bitcoin.

Many Asians states apply this digital currency in various spheres. Therefore, we recommend you to turn your attention to such countries as Japan, Singapore, Thailand, Malaysia, and others.

2. The conclusion of a contract with a reliable intermediary. It is necessary to find a trusted content developer, create an attractive website, and protect it from hackers. Experienced intermediary companies will help you speed up the process of launching a new crypto project and provide a wide range of different gambling solutions.
3. The protection of the gaming resource. Despite the fact that Bitcoin is considered the safest payment method in the world, you need to protect your website from DDoS attacks. Reliable security tools will ensure the stability of the gaming software.
4. The promotion of the finished project. A well-thought-out advertising campaign and promotion of your website on social media will help you attract your target audience and get the desired profit in the shortest possible time.

If you want to accelerate each of the above processes, consider the idea of buying a turnkey casino. The essence of this service is in providing a whole package of useful options (licensing, website development, selection of gaming content, protection of projects, etc.) by an intermediary company.

The Main Things about the Prospects for the Evolution of Bitcoin Casinos in 2020-2021

After analysing the current situation in the Bitcoin entertainment market and evaluating the forecasts of experts, it can be concluded that crypto casinos will not lose their relevance in the next two years.

This digital currency will continue to win the trust of a huge number of people. Besides, the value of Bitcoin will continue to rise gradually. In 2020-2021, Bitcoin casinos will be characterised by the following perspectives:

• the expansion of potential audience;
• the emergence of new markets;
• focus on Asian countries;
• the prevalence of innovative gaming technologies (live games, VR and AR entertainments);

Casino Market has extensive experience in cooperating with casino operators from around the world. The company offers a broad assortment of various gaming services, including the creation of Bitcoin casinos, the development of turnkey projects, licensing of start-ups, and others.

If you want to learn more about the advantages and prospects of Bitcoin casinos, please contact Casino Market consultants in any convenient way:

• e-mail: [email protected]
• Skype: support.casinosupermarket

Clark

Head of the technology.