Bitcoin has been disrupting the online industry for the last decade. From e-commerce and marketing to Fintech and gambling, the crypto world is impacting the world more than some care to admit. At the same time, customers are demanding more from online businesses.
In the casino sector, more and more people are gambling on their smartphones and tablets. Studies show the trend will continue to balloon for the next several years. Customers also want secure payments, a service most casinos tend to get wrong.
Netentcasinos.com, an established site that reviews the best Bitcoin online casinos, says crypto is the future of the gambling industry. Netent Casinos cites crypto’s anonymity, decentralization and corruption-free nature as a significant reason why the iGaming industry will continue to accept crypto for payments.
And sure enough, almost no e-wallet or credit card company offers the level of security crypto provides. For starters, it eliminates third-party handlers, allowing players to transact directly with gambling platforms. Against that backdrop, crypto also lowers transaction fees.
Crypto’s ability to provide anonymity also benefits the thousands of gamblers who would rather not reveal their transactions with casinos to anyone. The only other solution that offers such privacy is hard cash. But considering no gambling sites accept physical cash, crypto stands alone as the ideal alternative.
Transparency in data collection has been a pertinent topic for the last couple of years. From congress and Facebook to the European Union and Asia, the world is pushing hard for transparency when it comes to dealing with people’s data.
But as history shows, most companies don’t make an effort to safeguard customers’ data. That’s where crypto comes to the rescue. Although it only protects players during payments, virtual currencies ensure gamblers’ right to financial privacy is respected.
Many gambling sites use advanced security measures and renowned payment methods. As such, casino players seldom worry about picking up malware from their favorite casinos. Despite that, using a safe payment and observing online safety tips is still the best way to keep your PC safe from viruses.
Using crypto alone can’t save you from an aggressive hacker. Indeed, even crypto platforms have often fallen prey to malicious hackers. However, transacting with Bitcoin helps you avoid giving out the personal information attackers look for.