• Sun. Mar 3rd, 2024

The Gambling Industry is Moving Towards Adopting Crypto as A Means of Payment 

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As crypto continues to work towards mass adoption, more and more industries and businesses are moving towards full-scale adoption of crypto. Even if we’re still far away from mass adoption, small steps are being taken all the time. one of the industries that are starting to move toward the forefront of crypto utilization is the gambling industry. 

In this article, we’re going to be discussing the future of crypto and gambling further, and talk about what the future might hold. Even if traditional platforms like Betway online are hampered from adopting crypto as a means of payment due to regulation, there are still several casinos that have started to offer the possibility of paying through crypto. 


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Payments have always been a big Achilles heel for gambling platforms 

Even if the gambling industry is constantly evolving and nowadays many platforms like Betway online offer up a gambling experience that is hyper-modern, there are still several things that are lagging behind the rest of the developments. One of the major issues that casinos and gambling platforms have to deal with is the fact that payment solutions are everything but smooth. Even if bank transfers tend to work very well they’re slow and complicated. 

This is also where crypto comes into the picture. The ability to make deposits and withdraw cash through crypto dramatically cuts down on wait times and is more often than not a whole lot smoother than dealing with different bank accounts and the like. 

Payments through crypto can be a way of attracting customers 

Another massive upside from the casino’s point of view is the fact that enabling payments through crypto can be a way of attracting customers. Those of us with an interest in crypto and believers in what the technology can do for society as a whole are more likely to choose a platform that aligns with those beliefs. Casinos that offer payments via crypto therefore also use this heavily in their advertisements, as it can be a great way of making their platform more appealing to prospective customers. 

Regulations are still a big issue for the casinos  

However, regulations still prove to be a massive spanner in the works for many casinos like Betway online. Far from all countries allow crypto as a means of payment for casinos and this is something that has to change before the floodgates can open in earnest. 


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Kevin Moore - E-Crypto News Editor

Kevin Moore - E-Crypto News Editor

Kevin Moore is the main author and editor for E-Crypto News.