Cryptocurrency is starting to become more prominent in iGaming (another term for online casino gaming), which shouldn’t come as a surprise considering the general interest in crypto across multiple industries. This growth will likely lead to both small and major changes in iGaming over the coming years, playing a huge part in whether businesses with succeed.
Crypto taking over a major poker platform
We’re starting with something big here, but it’s something that is likely to eventually happen — if not within the next year, then at least the next decade. Moving from traditional currencies to crypto brings a lot of benefits for iGaming, namely an increase in security. This is due to blockchains, the technology behind the rise of cryptocurrencies. Because of how data is stored, it’s harder to tamper with stored data.
Cryptocurrencies are also currently free from most interference in regards to payment processors and governments. You don’t have to worry about converting between currencies, or any unfair transaction fees.
In fact, casino-specific tokens like Casino Coin already exist. This bridges the gap between casinos and crypto, paving the way for sites that forgo the use of standard currencies entirely.
Crypto as rewards in casino site
On a smaller scale, online casinos accepting crypto as a payment option is an inevitability. More payment options, especially ones with the benefits of crypto, are something that casinos will want to look into. Various tokens could be offered on different games, maybe rotating them out based on interest or market trends.
Crypto doesn’t even have to be the main way that rewards are paid out — the option for crypto alone is a big plus for certain gamers. As mentioned earlier, there are less complications when it comes to crypto over regular currencies. You can also bypass payment processors like PayPal, which introduce their own issues and restrictions.
Games with crypto themes
When it comes to the theming of online games, this is something that will naturally change with time. Themes of winning riches are extremely prominent in modern casino gaming, an in slots specifically. Looking to one leading platform, the slot games on Gala Bingo are showcasing two recent examples of this theme in action. The platform’s “Big Banker” and “Well Well Well” titles focus on things like gold and diamonds.
The rise of crypto will change this, with slot visuals moving away from physical cash toward tokens and other crypto imagery. It’s not a huge change, but it is something that will help to make people aware of cryptocurrencies. This would then make crypto rewards more appealing to the average gamer.
In fact, something of this sort can already been seen in the recently launched slots NFT Megaways. Granted, it’s focused on NFTs (as you could probably tell from the name), but it shows that times are changing when it comes to how slots are designed.
Arcade games with mini-crypto rewards
In our article on how Forte is expanding its blockchain gaming platform to Cosmos earlier this month, we reported on the partnership between Cosmos and Forte. Cosmos will allow games on Forte’s platform to utilize blockchain technology — including cryptocurrency.
This tech could be used in a variety of new arcade games, simple titles that are tied to crypto rewards. This could be a simple as your score being directly tied to winning tokens, or certain enemies or objectives could reward crypto. Of course, these rewards would probably have to be relatively small to avoid exploits, but it would still offer something new over existing arcade games.