Connect with us

Cryptocurrency

What Will Be the Next for Crypto Gaming? SOFTSWISS H1 Overview

Published

on

What Will Be the Next for Crypto Gaming? SOFTSWISS H1 Overview
Reading Time: 3 minutes

 

Crypto expansion continues to cover all areas of entertainment including the dynamic iGaming industry. Being sensitive to hi-tech trends, online gambling is experiencing a new stage, one where a crypto community of players and operators is forming. SOFTSWISS, the leading software provider offering quality software solutions for iGaming projects, unveils the latest look at its cryptocurrencies data for the first half of 2022. 

The SOFTSWISS team is constantly monitoring changes in crypto in order to provide the iGaming industry with a forecast for further developments. The data presented in the company report reflects the state of crypto in H1 2022 compared to the same period last year. It is based on the results of the company’s most demanded products: the SOFTSWISS Casino Platform and the SOFTSWISS Game Aggregator.

 

Total Bets: How is the Market Growing`?

Before observing the crypto trends, it is important to overview the general state of the iGaming market first. Such indicators as the Total Bet Sum clearly demonstrate the industry’s development. The SOFTSWISS data confirms that interest in iGaming is steadily increasing year by year. The sum of all bets shows a 46.4% surge compared to the first half of 2021. Compared to the same period in 2020, this number increased by almost 247%.

When Will Crypto Bets Beat Fiat?

It becomes a logical question when looking at the dynamic growth of crypto when looking at fiat and cryptocurrencies for betting. Holding 34.8% of the total bets volume in the first half of the current year, digital coins continue to capture the share of all bets made. It has increased by 5 p.p. compared to the data gathered one year ago.

At the same time, analysing the ratio of different currencies in the first two quarters of 2022, crypto has lost 2.37 p.p. in its share. It seems to be a short-term tendency, despite overall growth.

“This slight decline during the second quarter should not affect the overall trend towards an increase in the share of cryptocurrencies in the total volume of bets. We have been seeing stable growth for several years, which contributes to the further development of crypto gambling. A crypto community is growing among players. The interests of this audience now largely influence the growth of the whole industry. Operators that meet the needs of this community gain a competitive advantage and become market leaders,” сommented Vitali Matsukevich, COO at SOFTSWISS.

 

What Digital Coins Are Catching Up to Bitcoin?

It is not a surprise that Bitcoin still remains the most popular digital currency in the iGaming industry – 71,2% in H1 2022. However, there is an apparent trend in the growth of Etherium, with its 7 p.p. rise during H1 2022. Now Etherium holds almost 15% of the share. The top three ranking is still closed by Litecoin which also demonstrates growth of 2.15 p.p.

 

  1. Bitcoin (BTC) 71.2%
  2. Ethereum (ETC) 14.7%
  3. Litecoin (LTH) 6.15%

 

The full list of top cryptocurrencies in H1 2022 and H1 2021 is available in the detailed SOFTSWISS report.

 

The Next Move of Crypto Gambling. What will it be?

Despite a slight decline in crypto bets within the second quarter of 2022, the overall picture demonstrates that cryptocurrencies are still penetrating deeper into the iGaming industry as well as other areas of entertainment. Nevertheless, the regulation of the markets worldwide and the diversification of cryptocurrencies will likely have a significant impact on the development of iGaming in the upcoming years.

“Stricter regulation of crypto operations, of course, will have an impact on the development speed of this business area. However, the huge potential of crypto projects and, accordingly, interest from leading industry representatives will play a decisive role. We will see further growth in this niche combined with a new non-standard approach to the gamification of the playing process with novelties such as NFT and tokens,” concluded Vitali Matsukevich, COO at SOFTSWISS.

 

About SOFTSWISS

SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,400+ employees, is based in Malta, Poland, Georgia, and Belarus.  SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013 SOFTSWISS was the first in the world to introduce a bitcoin-optimised online casino solution.

 

Cryptocurrency

Cryptocurrencies in Casinos – the Promises & Pitfalls

Published

on

Photo credit: pexels.com
Reading Time: 4 minutes

 

Cryptocurrencies are having a moment. Bitcoin, the first and most well-known cryptocurrency, has seen its value skyrocket in recent months, with one bitcoin worth more than $18,000 at the time of this writing. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and control the creation of new units. This makes them a potentially appealing option for online casinos, which could use them to make deposits and withdrawals faster and more secure. But there are some potential pitfalls to consider before jumping into cryptocurrencies for online casino gaming. Let’s take a closer look at both the promise and the risks of using cryptocurrencies in casinos.

How Does a Bitcoin Casino Work?

When it comes to online gambling, there are a lot of options to choose from. One type of online casino that has been gaining popularity in recent years is the Bitcoin casino. So, how does a Bitcoin casino work?

Essentially, a Bitcoin casino is just like any other online casino, except that it allows players to gamble using the cryptocurrency Bitcoin. This can be beneficial for both the casino and the player, as it offers a more secure and anonymous way to gamble. Lots of recent brands which were launched in 2022, offer crypto payments to players in India and beyond. For the player, this means that their personal information is not at risk of being compromised.

For the casino, it means they can accept payments from players worldwide without having to deal with banks or other financial institutions. In order to get started with a Bitcoin casino, all you need is a Bitcoin wallet. Once you have set up your wallet, you will be able to deposit Bitcoins into your account and start playing your favorite casino games.

What are the Pros of Crypto in a Casino?

The advantages of cryptocurrencies in casinos are many and varied. Below are the top benefits of the use of cryptocurrencies in online casinos:

  • Anonymity and Security: When most people think of casinos, they envision a seedy underworld where cheaters prosper, and their personal information is at risk. However, Bitcoin casinos are changing this perception by offering a secure and anonymous way to gamble online. Unlike traditional casinos, which require their users to fill out extensive personal information forms, Bitcoin casinos allow users to gamble anonymously. This not only protects their personal information from being hacked or stolen but also allows them to avoid any government scrutiny. As a result, Bitcoin casinos are becoming the preferred choice for many online gamblers. In addition to offering enhanced security and anonymity, Bitcoin casinos also allow users to take advantage of lower transaction fees and faster payouts. With all these benefits, it’s no wonder that Bitcoin casinos are quickly gaining popularity worldwide.
  • Cheap & fast payment: Cryptocurrency transactions are carried out directly between the user and the operator without the interference of any third party. This makes for seamless and speedy transactions. The lack of a central authority also means that there are no delays or “red tape”, as is often the case with traditional financial institutions. In addition, cryptocurrency payments can be made cheaply and quickly without the need for expensive infrastructure or middlemen. As a result, cryptocurrencies are an attractive option for those looking for fast and efficient payments.
  • Bonuses: Bitcoin casinos offer various bonuses and rewards for their customers. One of the most popular bonuses is the no deposit bonus, which is offered to new customers. This bonus allows you to play without having to make a deposit, and it can be a great way to try out a new casino. However, it’s important to read the terms and conditions of the bonus before you claim it, as some bonuses have wagering requirements or other restrictions. There are also often reload bonuses available, which give you a bonus when you make a second or third deposit. These bonuses can be a great way to boost your bankroll and increase your chances of winning. Bonuses are one of the many reasons why Bitcoin casinos are becoming increasingly popular.
  • Decentralised: The decentralised nature of Bitcoin is one of its key advantages. Unlike traditional currencies, which central banks regulate, Bitcoin is not subject to any central authority. This means that no government or financial institution can interfere with Bitcoin transactions or freeze a person’s account. Instead, Bitcoin transactions are verified by a global network of computers known as miners. These miners work together to confirm each transaction and are rewarded for their efforts with new bitcoins. As a result, Bitcoin’s decentralised nature ensures that no single entity can control the currency or manipulate the transaction process. This makes Bitcoin a more secure and trustworthy currency system.

What are the Cons of Crypto in a Casino?

Cryptocurrencies in casinos are not without their risks and drawbacks. One of the most significant dangers is the possibility of theft or fraud. Because digital currencies are stored in digital wallets, they are susceptible to hacking. If a hacker can gain access to a user’s wallet, they could theoretically steal all of the currency stored inside.

Another risk associated with cryptocurrencies is volatility. The value of Bitcoin and other digital currencies can fluctuate wildly, creating problems for casinos that accept them. If the value of a currency plummets suddenly, a casino could end up taking a big loss.

Finally, there is the regulatory risk. Cryptocurrencies are still not well understood by most governments and regulators. This could create problems down the line if authorities decide to crack down on casinos that accept them.

Continue Reading

Cryptocurrency

BGaming creates exclusive slots and games for Winz.io crypto casino

Published

on

Reading Time: 2 minutes

 

Traditional online casinos continue to refuse to accept cryptocurrency assets as payment options for their accounts, claiming that they are inherently unstable. There is some truth to these words because we can see for ourselves how the overall market is falling as a result of the Terra ecosystem hacks. But you have to give cryptocurrencies credit for some ambitious casino projects that are still operational simply because they accept cryptocurrency deposits and withdrawals. Today, we will look at how virtual money has impacted the entire gaming industry.

BGaming and Winz.io casino

If you are an experienced online casino player, then you also know about the most popular software developers like BGaming. They have released exclusively exclusive games for Winz.io casino online such as Multihand Blackjack and Winz to the Moon.

Winz to the Moon is a fascinating and very addictive slot game that is built to evolve and reward players with unpredictable results and large prizes. There, users may study the payoff tables to learn how the game works and how much they can win. It allows you to go on adventures in deep space, and by spinning the symbols on the screen, you may win prizes that are out of this planet.

Multihand Blackjack is an extremely popular game that has drawn participants from all over the world since it was launched and made available. It is simple to learn and enjoy, whether you are a seasoned professional or a novice who has never played a game like this before. The purpose stays the same as in any other blackjack version. Players must obtain a total number that does not exceed “21,” but should be as near to it as possible because they are playing against the dealer, who also has a hand. Six decks are employed here, allowing for 312 playing cards every round. In addition, the dealer will deal with three hands.

Cryptocurrencies in gambling

At a time when traditional gambling sites were under state scrutiny, each crypto casino saw unprecedented gains as a result of a sense of freedom. Traditional representatives of this type of gambling began to feel constant pressure from regulators, who were required to enforce anti-money laundering laws and implement mandatory KYC verification. Later, traditional online casinos began to suffer from financial institutions that required individual verification of each new player and withdrawal approval under the same law.

All of that has changed with the advent of cryptocurrencies. Because it does not apply to any known financial institution, it cannot be regulated. The very nature of cryptocurrencies is decentralized and transparent. As a result, states and regulators have relaxed their grip on traditional casinos because frequent checks have become a minor inconvenience for users. Even where there was no direct support for cryptocurrencies, casino gaming has become more open.

Continue Reading

Cryptocurrency

These are the most Googled Cryptocurrencies in every European Country

Published

on

Reading Time: 2 minutes

 

New research has revealed the cryptocurrency each European country wants to invest in the most, with Bitcoin taking the top spot.

The research, conducted by online casino experts AskGamblers, analysed Google Trends data over the past 12 months to establish the cryptocurrency that each country across Europe wants to invest in, based on searches.

The analysis revealed that Bitcoin is the most searched cryptocurrency in Europe, with twenty-one countries searching for Bitcoin more than any of its competitors, including Germany, Poland, Romania, and Belgium.

Seven countries were searching to invest in Shiba Inu more than any other cryptocurrency, including the UK, Russia, France, and Italy. This makes Shiba Inu the second most popular cryptocurrency in Europe.

Ethereum is the third most popular cryptocurrency, according to the research. The countries seeking to invest in Ethereum the most are Sweden, Czechia, Latvia, and Slovenia.

A total of three countries – the Netherlands, Bulgaria, and Andorra, were searching for Cardano more than any other cryptocurrency. This placed Cardano in the fourth spot in Europe overall.

In fifth place is Dogecoin, which was the most popular cryptocurrency in Greece and Albania.

Commenting on the findings, a spokesperson for AskGamblers said: “There is an abundance of free information available online to educate people on crypto, especially on platforms such as TikTok and YouTube. This has opened the opportunity for people of all different backgrounds to start investing, who might not have had the knowledge or confidence to enter the world of crypto before.”

“With 38 million crypto users in Europe and thousands of cryptocurrencies on the market to choose from, it is fascinating to see which one people are the most interested in investing in. Although Bitcoin is the most popular overall, the interest in Shiba Inu has grown to surpass Bitcoin in major countries such as Russia and the UK.”

Most Googled Cryptocurrency in Europe

Cryptocurrency No. Countries Searching for it the Most
Bitcoin 21
Shiba Inu 7
Ethereum 4
Cardano 3
Dogecoin 2

 

Continue Reading
Advertisement
EvoPlay
Advertisement

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.

Privacy Preference Center

Necessary Cookies

We use cookies to make our website work including:
- Remembering your search settings
- Allowing you to add comments to our site

There is no way to prevent these cookies being set other than to not use our site.

Our own cookies

Advertising

Cookies are widely used in online advertising. Neither us, advertisers or our advertising partners can gain personally identifiable information from these cookies. We only work with advertising partners who work to accepted privacy standards such as http://www.youronlinechoices.com/uk/iab-good-practice-principles.

You can learn more about online advertising at http://www.youronlinechoices.com . You can opt-out of almost all advertising cookies at http://www.youronlinechoices.com/uk/your-ad-choices although we would prefer that you didn’t as ultimately adverts help keep much of the internet free. It is also worth noting that opting out of advertising cookies will not mean you won’t see adverts, just simply that they won’t be tailored to you any longer.

We fund our site by showing adverts as you browse our site. These adverts are usually managed by a partner specialising in providing adverts for multiple sites. Invariably these partners place cookies to collect anonymous data about the websites you visits so they can personalise the adverts to you, ensure that you don’t see the same adverts too frequently and ultimately report to advertisers on which adverts are working.

Advertising Cookies, Banner Adverts

Analytics

We use cookies to compile visitor statistics such as how many people have visited our website, what type of technology they are using (e.g. Mac or Windows which helps to identify when our site isn’t working as it should for particular technologies), how long they spend on the site, what page they look at etc. This helps us to continuously improve our website. These so called “analytics” programs also tell us if , on an anonymous basis, how people reached this site (e.g. from a search engine) and whether they have been here before helping us to put more money into developing our services for you instead of marketing spend.

Analytics and Anonymous Visitor Statistics Cookies

Social Sharing Cookies

So you can easily “Like” or share our content on the likes of Facebook and Twitter we have included sharing buttons on our site.

Cookies are set by:
The privacy implications on this will vary from social network to social network and will be dependent on the privacy settings you have chosen on these networks.

Social Website Cookies