The year 2019 was great for the cryptocurrency gaming business. The number of savvy players using crypto-based gambling platforms increasing. It is growing compared with its fiat-based gambling counterparts.
The change is due to the increasing awareness of cryptocurrencies and their benefits. Together with access to faster internet connectivity and smartphone use throughout the world.
Research shows a trend in online gaming platforms setting a solid internet presence. The programs grow their client base by linking to people on Facebook and Instagram. This has enabled them to reach out to more individuals throughout the world.
The worldwide reach of cryptocurrencies permits them to appeal to people abroad. They don’t have to worry about region-specific legal and gambling-related banking limitations. Additionally, cryptocurrency payments allow secure transactions with rapid withdrawal and deposit choices.
There are online casinos where people can play using bitcoin and other cryptocurrencies. The gaming market includes online casinos, lottery, poker, internet bingo, and others. The most increase proves to be from the online casino section. It has the greatest market share, followed by online poker.
The most number of online casino sites are from China. While in Indonesia, online poker pages like http://22.214.171.124/poker88/ are getting popular. Soon, the majority of these sites will use crypto as their main betting payment source.
ALSO READ: Why Crypto Sports Betting is Popular
The total online gaming market is increasing at a speed of approximately 13.2%. Europe holds the greatest market share. Other gaming markets include North America, Asia Pacific, MENA, and South America.
Online casinos in Australia are catching up. Platforms like Syndicate Casino are gaining visibility in the gaming community. Owned and run by Direx N.V., the stage caters to a worldwide client base. They provide a selection of matches from renowned gaming suppliers.
The internet casino not only takes cryptocurrency deposit but also fiat payments. These payment channels are Skrill, Neteller, PaySafe, Visa, and MasterCard that charge more.
Asia-Pacific will emerge as the top market for internet gambling. This fact is based on the present rate of market expansion in the next few years. Contributing to the said expansion is the gradual but increasing adoption of cryptocurrency. Because of its legalization in a variety of authorities and improved foreign investments. We will also see a rising prevalence of mobile gaming one of millennials in the coming years.
With these improvements, crypto gaming is showing a strong outlook in 2020 and beyond. This has the potential to translate into a fantastic gaming experience for gamers.