Software is the primary ingredient for online casino’s success. It builds credibility in the market, ensuring the target audience a thrilling and seamless virtual gambling experience. Hence, casino businesses collaborate only with the top-rated software providers in the industry, such as RealTime Gaming (RTG).
RTG is one of the leading market players famous for its extensive and exciting casino game collection. Many reliable gambling sites host RealTime Gaming casino games to expand their reach.
Further, casinos integrate cryptocurrency to provide a secure and fast payment process. The basic idea is to offer an ultimate gambling experience to everyone.
Let’s delve deeper into the impact of crypto on RTG software games.
The Rise of Cryptocurrency in Online Gaming
There has been a paradigm shift in the online casino gaming market with the introduction of cryptocurrency. As per industry insights, crypto users boomed lazydadreviews from 106 million to 295 million in the first half of 2023. Similarly, Casino Guardian reported the value of crypto casino gaming grew by over $150 million in 2021
Gaming transparency is one of the critical drivers for the popularity of crypto casinos. When playing on standard gambling sites, players doubt the authenticity of the outcomes. The scenario is different in the casinos backed by blockchain networks.
As a public ledger, these casino sites will keep an immutable record of all gambling transactions. Players can look into transitional history, which includes wins, losses, and naamagazines payouts.
This detailed log doesn’t just remove fraud risks but also provides a legitimate playing ecosystem. The transparent gambling process attracts more gamers to gamble on crypto-enabled casino sites.
All these features lead to a crypto gaming boom!
The Growth of Digital Assets
According to a Softswiss study, crypto bets increased twofold from about 3 billion to 6.3 billion in 2022. This expansion shows the growing adoption rate of digital currencies among online real-money casino gamers.
As demand for crypto casinos grew, more operators started embracing this new-age payment method. Today, you’ll find a plethora of online operators allowing payment using cryptocurrencies.
These casinos accept deposits and withdrawals via various digital currencies. It includes Bitcoin, Bitcoin Cash, Ethereum, Tether, Dogecoin, Litecoin, amongst others. However, Bitcoin is the top payment choice among crypto gamblers. More than 80% of gamblers place bets using Bitcoin based on market reports.
Moreover, casinos release exclusive bonuses and promos for crypto players, like 200% Crypto Match Deposit and Reload Bonuses. These lucrative offers also entice non-crypto players to switch to digital payment mode. Hence, the reward strategy works in the favor of both gamblers and operators.
Why Casinos are Adopting Cryptocurrency?
First thing first! You’ll pay minimal to no transaction fees via cryptocurrencies. It means you can claim the major chunk of your payout without paying opcritic anything to the external financial institution.
Not to mention, the cash-out process is also the fastest when you withdraw payouts in crypto. You can receive money in your digital wallet within 2 to 3 days.
Besides, blockchain technology ensures a transparent gambling experience. RealTime casino games use provably fair algorithms to give every player equal winning opportunities.
Positive Impacts on RealTime Gaming Casino Games
Check out a few vital features of crypto-based RealTime casino games, leading to their popularity in the market.
Security is the major concern that lurks in every industry operating on the internet. The threat also drastically worries online gamblers. With cryptocurrency, virtual casino sites tackled that fear.
A high-grade security system is a key feature that gives crypto an edge over conventional payment modes. Blockchain technology protects your financial data from the prying eyes of hackers. That said, nobody can steal your money when you process money via your digital wallet.
Further, blockchain networks allow players to transact anonymously. Since no one can track your valuable data, crypto also removes the risk of online identity theft.
Thus, cryptocurrencies create an honest, secure system to bet on real money casino games stress-free.
Accessibility and Inclusion
Crypto-based casinos helped RealTime gaming casinos expand their global reach. Now, anyone can gamble from anywhere without any geographical barriers.
Unlike traditional casinos, players don’t have to complete a lengthy registration process. There’s no need to add personal and financial information while signing up. It’s a big relief for players who want to protect their privacy online.
You can usually open your crypto casino account by adding your valid email address. The quick and hassle-free process makes online gambling more attractive to a broader audience.
Further, blockchain technology erased the need to validate transactions by a bank. Hence, you can gamble hassle-free and instantly.
Crypto payment option streamlined the entire deposit and withdrawal process for online players. It removed the exchange rate hassle for overseas gamblers. Hence, it’s a cost-effective transaction method.
Whether you love table games, slots, or live dealer sections, you can access RTG gaming collections wherever you reside with digital currencies.
Flexibility in Game Design
Casino platforms built on cryptocurrency networks are redefining the future of casino game designs. Blockchain technology allows RTG software developers to create innovative games to stay ahead of the competition.
These unique and immersive RTG casino games improved player engagement by offering various value-added perks. It includes tokenized reward systems, provably fair games, and decentralized gaming.
It also created possibilities for software developers to add an element of real-world experiences to casino games. For example, gamers can interact with other players on crypto-powered casino platforms.
Negative Impacts on RealTime Gaming Casino Games
Like any technology, there are some risks when playing casino games using cryptocurrencies.
Laws are still unclear for crypto gaming payments worldwide. With no official regulations, the risk of scams looms in the market. Unethical operators can get leeway to manipulate online players.
Your focus should be creating an account on a reliable casino site till the authorities set strict protocols. Validating the credibility of the chosen gambling service provider is paramount to betting in a safe gaming environment.
Price fluctuation is one of the pitfalls of crypto gambling. Market volatility makes it challenging for casino companies and players to gauge the exact value of the betting funds.
For instance, a dip in the Bitcoin price can wipe out your entire payout even if you won huge.
Simply put, managing your finances or calculating win-loss value can be difficult due to fluctuating crypto value.
Potential for Misuse
As mentioned above, decentralized exchange means gamblers can play online while staying anonymous. However, it can work against responsible gambling practices.
Due to anonymity, online casino operators will fail to detect problem gamblers. No monitoring will lead to problem gambling issues among users.
Cryptocurrency is an ever-evolving technology that has endless possibilities. Here are some upcoming changes and trends in the crypto gambling market predicted by industry experts.
Regulatory Changes on the Horizon
The global online gaming segment can potentially anticipate more cryptocurrency regulations in the next few years. The increased crypto adoption pressed regulatory bodies to form new laws to protect crypto-based casinos and players.
European Union (EU) was amongst the first regions to levy cryptocurrency regulations called the Markets in Crypto-Assets (MiCA) Regulation. Other countries, including the UK, USA, China, and India, follow suit.
Stricter regulation will also make cryptocurrencies more mainstream in the online casino world.
Technology is constantly evolving. Hence, innovations will lead to a more enhanced online RTG casino gaming environment.
The advent of the Metaverse will immensely impact the crypto-gambling market. Players can own a personalized virtual world to experience an immersive gaming environment. Club this idea with Virtual Reality, and you’ll have a realistic gambling environment like a brick-and-mortar casino club.
Further, decentralized gaming will be a big game-changer in the industry. This decentralized approach ensures a unique gaming experience for players. With no central authority, these casinos will enable gamblers to wager against other players.
The Role of Community and Adoption Rates
Several market reports indicate that interest in cryptocurrency for gambling is on the rise. There is a notable appetite among players for cutting-edge crypto casino games.
Now, many gamblers prefer digital currencies over traditional fiat currencies. Even the volatility of the crypto markets doesn’t scare players from gambling on RTG crypto casino platforms.
As per a study, about 50% of Bitcoin transactions are for online gambling. Further, Litecoin and Dogecoin are the popular tokens used to bet on online casino games.
The ever-growing adoption rate gave a ray of hope to virtual casino operators. They’re confident in adding crypto payments and more crypto-based games.
Crypto casinos are here to stay. The time is now to enjoy real money casino games in a highly secure and immersive environment.
The future also seems bright for the industry. Blockchain technology will create new opportunities for developers and gamers alike. Stringent regulations, decentralized gaming, and fair betting games will take the virtual casino market to the next level.