The gambling industry is now fully invested in the use of cryptocurrency, and the resulting metamorphosis is quite impressive. Essentially, the entire industry has been turned upside down by the transformation of cryptocurrency from a mere niche payment option to the dominant one.
It is no longer the case that casinos have to deal with cross-border payments that take forever, exorbitant fees and banking restrictions. All of these problems have been turned into opportunities by crypto. Players now have the ability to deposit and withdraw funds instantly, operators are free from the risk of chargebacks altogether, and the doors are open to everyone – even to those countries where traditional banking is problematic.
However, this is the point: just to accept Bitcoin is no longer sufficient. The companies that facilitate crypto payments and are on top of their game are those that provide a great deal of variety in their offers. We are referring to the hundreds of cryptocurrencies, the automatic conversions, and interfaces so effortlessly that even a crypto novice can work them out. The champions of this area make the most complicated things look easy.
What really has changed the whole situation, though, is the possibility of mass payouts. Imagine this: operators executing thousands of affiliate payments or player withdrawals with a single click. No manual work, barely any fees, and settlements happening right away. There are some providers who are going as far as to offer an unlimited number of transactions with no service fees – that is the kind of effectiveness that makes CFOs beam with delight.
Moreover, the gadget keeps getting more and more intelligent. The temporary wallet addresses will be a thing of the past as gamers will always know where to deposit their funds. In the meantime, wallet monitoring applications are enabling operators to better understand the market, prevent fraud at the earliest stage, and even identify the same players utilizing different platforms. It is similar to having an X-ray vision into your payment ecosystem.
Editor-in-chief and creator Cole Smith of casinocurrencies.com, has extensive experience with casino payment systems, The site was created to provide an honest and trustworthy resource for online gambling players.