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Why Gambling and Cryptocurrencies are a Uniquely Beautiful Match
Many casinos now accept cryptocurrencies, which is a great development especially for people that appreciate the convenience that technology brings. In fact, many people equate the use of cryptocurrencies in online gambling portals to a match made in heaven and every gambler who has knowledge about blockchain technology should look embrace cryptocurrencies at one of many sites now accepting this form of deposit.
It is easy to follow the arguments of the proponents of Bitcoin and its use in gambling. Some of the reasons they offer are:
You Can Use Cryptocurrencies where Fiat Currencies aren’t Allowed
Players that live in jurisdictions where authorities have severely limited online gambling are often unable to gamble on real money online casino or bingo games. And, this is easy to enforce because the said authorities only have to make it illegal for players to cash their wins using banks to make the bans effective. However, because of the decentralized nature of cryptocurrencies, such players are able to play various casino games with real money stakes.
Cheaper Costs of Transactions
Transactions fees for depositing Bitcoin into or withdrawing them from your gaming account is negligible. This is because this method of payment eliminates the litany of banks and other financial merchants that under the traditional methods of transactions, are always waiting to have a slice of your win every time you use their services. In the end, players on Bitcoin casinos save a lot of money that they can then add to their gaming war chest.
No Chargebacks
Chargebacks present what is probably the worst experience a gambler wants to go through. Yet, they are a norm even in the highly organized gambling ecosystems of the U.K. Bitcoin casinos have eliminated chargebacks because it isn’t possible to reverse blockchain transactions. In fact, since it is easy to trace all such transactions, startups are already thinking of providing more innovations to make both online casinos and cryptocurrencies even more functional for the benefit of players.
Faster Payouts
Cryptocurrency withdrawals and deposits into and from gaming accounts are instant. Because of this, players now prefer Bitcoin casinos since they can enjoy many real money online casino games, win, and get their hands on the prize money a lot faster than is normal.
Using cryptocurrencies minimize cases of fraud
Fraud is not new to online casinos. In fact, most sites have invested in the latest encryption technology, just to keep cybercriminals, phishing and con artists at bay. However, all these aren’t necessary on cryptocurrency casinos since the blockchain technology upon which these currencies are built has innate security features that halt theft.
The world out there has an entire ocean of prospective cryptocurrency gamblers. The only thing keeping them away now is probably because they still have insufficient information about digital currencies. As soon as they learn how these currencies work then the online gambling scene will see a lot more players signing up.
Latest News
Checkd Group Accelerates Growth Strategy with James Prosser Appointment
Industry veteran joins as a consultant in run-up to Euro 2024
Technology-led sports betting specialist Checkd Group has appointed James Prosser (pictured) as Growth Consultant in a move designed to boost revenue generation potential ahead of a big summer of football.
Bringing a fresh and innovative approach to product and content, Prosser will take up a short-term role to focus on the quality of the user experience across all channels, providing a revamped and more customer-friendly product ahead of Euro 2024. This will comprise expanded bet types, improved customer journeys and better conversion for Checkd’s operator partners.
With over ten years of experience in the industry, Prosser will also add value to several teams across Checkd Group through his vast experience, knowledge and network in the affiliate space. The ex-Spotlight Sports Group Affiliate Director and co-founder of Free Super Tips and myracing will also aid the team’s long-term strategy by diversifying traffic sources.
The new addition follows the recent creation of Checkd Media’s new Digital PR team, boosting its organic search performance across its key sites in the United Kingdom and the Americas.
“I’ve long been impressed by how Checkd Group have performed predominantly through its social channels, so it was an easy decision to agree to join its team,” Prosser said. “To build on this success, we’re looking at taking a holistic view across all channels and diversifying traffic sources with a focus on data-driven solutions to elevate visibility and conversions. I’m looking forward to contributing to the excellent team already in place and providing additional expertise and experience to help shape the future of Checkd Group’s digital offering.”
“James’ addition to our team as a dedicated Growth Consultant marks a significant milestone in our journey toward exponential growth,” the Managing Director for Checkd Media, Alex Beecham, said. “With his previous experience and expertise in the space, James is already adding value and ideas on how we can optimise the user journey and conversion touchpoints. The move should help push on our platforms ahead of the Euros and new NFL season in the United States.”
Conferences in Europe
ITL Spain head to Madrid for the largest gaming exhibition in the Spanish calendar
Innovative Technology (ITL) have announced their participation at the largest global network of gaming professionals in Spain. From 7-9 May 2024, Madrid will become the centre of the Spanish gaming industry, celebrating the 40th anniversary of Feria Internacional del Juego (FIJMA).
FIJMA is the most important event in the leisure and gaming industry in Spain where the main companies, manufacturers and experts in the industry gather to learn about the latest slots and gaming equipment innovations. The Spanish team at ITL will be exhibiting their solutions on stand A49 and plan to have their latest note recyclers and coin handling products centre stage, as well as demonstrating how their biometrics solutions can be utilised to benefit the gaming industry to prevent underage gambling.
Jose Garcia Escudero, General Manager for ITL Spain said, “We are looking forward to showing how combining our compact note recycler (NV22 Spectral) and advanced coin recycler (SMART Coin System) gives the best fit for cash handling efficiency for gaming machines in Spain. These solutions now dominate the Spanish gaming market giving operators considerable float management savings, fewer refills, and a massive reduction in coin starvation for improved machine uptime. We’ll also show the new NV4000 mixed denomination note recycler to the Spanish gaming market for the first time, ideal for high volume applications like change and redemption terminals.”
ITL have a range of AI-powered biometric solutions which perform accurate age verification at gaming venue entrances or integrated in gaming machines.
Continuing Jose said, “We will also have our age check devices on the stand for visitors to demo which can help operators prevent someone potentially underage or even self-excluded trying to play a machine or access an age restricted area. ICU Lite can be fully integrated in a gaming machine or betting terminal to automatically estimate age to prevent minors from playing. MyCheckr can be utilised at 18+ entrances to prevent access. Both devices have a one-off cost with no subscriptions and no internet required. Our technology is affordable, available to all and trusted, with no biometric personal data stored.”
Concluding Jose said, “We have very strong relationships with the Spanish market and we’re proud to know that our products will be displayed on a number of stands from our long standing customers. We’re looking forward to seeing everyone in person in Madrid and we welcome you all to stand A49.”
Latest News
NetBet Denmark joins forces with Wazdan
NetBet Denmark, a leading name in the iGaming sector, has signed an agreement with Wazdan as it continues to expand its portfolio of the industry’s finest games.
As part of this newly forged partnership, NetBet Denmark is set to integrate the full spectrum of Wazdan’s cutting-edge games into its platform. Players at NetBet can now enjoy an array of engaging titles, including popular offerings such as 9 Coins™ Grand Diamond Edition, Mighty Wild™: Panther, and 16 Coins™.
This collaboration aligns with the operator’s mission to provide its players with an unparalleled gaming environment, marked by innovation and a diverse selection of top-quality games.
Players at NetBet can seamlessly access and enjoy the new additions to their gaming repertoire by visiting the official NetBet Denmark website. The integration of Wazdan’s games is expected to enhance the overall gaming experience for players, offering them a broader selection of titles that cater to various preferences and playstyles.
Claudia Georgevici, PR Manager at NetBet Denmark, said: “Wazdan has come a long way since its founding back in 2010, developing rapidly to propel the company to the forefront of the iGaming industry. As well as innovation, the company has always prioritised enjoyment and responsible gambling in equal measure – making them an ideal partner to help NetBet expand our operations in the Danish market.”
Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “It brings us great excitement to forge a partnership with NetBet, a well-established presence in the thriving landscape of Danish iGaming. The potential in Denmark is vast, and our collaboration with NetBet is poised to fortify our standing in this dynamic market.”
NetBet players can now explore the thrilling new titles from Wazdan by visiting the official NetBet Denmark website.
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