Room for Growth in Bitcoin Online Casino GamingPublished August 4, 2015 by Mike P
Bitcoin only holds a 0.8% share of the worldwide online gaming industry, but this doesn’t make sense when you consider how effective bitcoin payments are.
Bitcoin and other cryptocurrencies began as sources of shock value within news articles, from being misplaced on old hard drives during bitcoin booms to web users attempting to make money by playing the currency market. Over recent months, however, bitcoin has started to become as a serious currency for performing web-based financial transactions securely and efficiently. More specifically, though, there are indications that bitcoin could gradually rise to prominence as a payment form among online casinos.
Market research specialists Statista has forecast that the worldwide online gambling market will surpass a value of $40 billion. Comparatively, though, the value of bitcoin online gambling is estimated to be worth $320 million, equating to a 0.8% share of the entire market. Based on those figures, there is certainly room for growth, especially given that bitcoin transactions are extremely quick and also lack infuriating transaction fees.
Coin Palace Accepts Bitcoin from Players
Coin Palace Casino is one of the sites currently championing bitcoin as a payment method at casinos. Where players of credit card-focused casinos can be required to wait several days to receive their winnings, Coin Palace is set up to offer instant pay-outs on bit coin funds. Being able to play slot games like Brave Viking, Hawaii Cocktails, Aztec Magic, and Lucky Blue and having the luxury of instant withdrawals will likely appeal to many gamers out there because of the heightened service experience.
Endorphina Making Bitcoin Moves
Endorphina Games made a crucial deal for its future to reach an agreement to install its online slots on software provider SoftSwiss’ infrastructure. Partnering with such a large slot provider will dramatically extend the reach of Endorphina’s games. Slots like Chimney Sweep and Fairy Tale have proven to be quite popular among bitcoin casino gamers, as they get to play quickly and without the transaction costs of e-wallets.