Online gambling and cryptocurrencies, what is the relationship?

Just 12 years ago the first payment made with cryptocurrencies could be seen, this payment was to buy two pizzas in exchange for 10,000 bitcoins. This would be crazy today, but back then the value of bitcoin was well below $0.1.

Laszlo Hanyecz was the one who made this historic transaction. He was not aware that this purchase would be the beginning of the use of cryptocurrencies to make all kinds of payments. In this case, the online gaming industry has seen a great opportunity in accepting this type of currency as a payment method.

The number of online casino gaming portals that accept this type of currency has increased considerably in recent years, and although this practice has not yet expanded to all portals, it is something that is beginning to be experienced more and more frequently. .

With this new trend in the field of payments, it is expected that, in the not too distant future, some of the game providers such as Ultra Casino online will begin to incorporate this option.

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Safety, a determining factor

However, the main reason why payment with cryptocurrencies has not yet been incorporated into most gaming portals is because it is necessary to offer maximum security to the customer. If the payments made are not secure, players can have a bad experience and companies can be heavily penalized.

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Gaming operators have the obligation to offer good quality products and guarantee security and good service for all their users. It must be recognized that there are some risks in the network that have to be alleviated by the owners of each of these domains. The companies that best work on this point will have the possibility of covering a good market share in the future.

Thus, there has also been an improvement in the security protocols of the most popular cryptocurrencies in the world, with Bitcoin, Ethereum and Dogecoin being some of the most recognized in this area.

In the case of Bitcoin, there are some estimates that it will reach a value of one million dollars in the next five years, which could encourage the decision of gambling portals to include this cryptocurrency or some of the others that compete. What cannot be denied, however, is that a new era of digital payments is rapidly evolving before our eyes, with Elon Musk’s plan to turn Twitter into a new platform for cryptocurrency monetary transactions being the biggest indicator of this phenomenon. .

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