Was 2020 the Year of Crypto Casinos?
One glance at the statistics published in a report by Statista shows there were over 47 million crypto wallets in operation as of May 2020. This is a huge number and the bulk of the crypto wallets saw Bitcoin as the most popular and valuable digital currency. Therefore, it should come as no surprise to see a rise in the number of crypto casinos in 2020.
Even the online casinos who have been in business for years are now beginning to adopt crypto wallets in their payment options because so many people are using Bitcoin and other cryptocurrencies on a regular basis.
A quick search online shows we now have a great choice of dedicated Bitcoin casinos. VulkanVegas Casino, Playamo, and Hyper Casino are just some of the top Bitcoin casinos now available and 2020 saw the introduction of many more. Bitstarz, mBit, Argo Casino, Bitcoin Casino, Fortune Jack, BitCasino, CloudBet, 1xBit, and 7Bit Casino are just some of the world’s leading crypto casinos to establish themselves in 2020.
You only have to look at some of the big name brands to have entered the crypto casino world in 2020 to understand just what a great year it has been for the sector. Atari is a good example and this video game brand entered the crypto casino market by launching its proprietary ATRI cryptocurrency, which can be used to play at dedicated online casinos. At the time of writing, the ATRI cryptocurrency has a market capitalization value of $8,238,246, which is the total market value of the cryptocurrency’s circulating supply.
Another company looking to make waves in the crypto casino market throughout 2020 was FunFair Technologies. This company is a blockchain casino platform provider and offers a white label cryptocurrency casino product to those wanting to host their own online casino plus a great range of dedicated cryptocurrency casino games. FunFair Technologies are providing for the next generation in online gambling and, in their own words, ‘build games where you decide what to bet on, that deliver a sense of community and are ultimately engaging but straightforward to play.’
It is the introduction and development of companies and cryptocurrencies like FunFair Technologies and ATRI cryptocurrency that have led the way for crypto casinos in 2020 and made it a fantastic year.
The way cryptocurrency works is one of the main reasons why more people than ever before have decided to use it for online gambling in 2020. Not only are the deposit and withdrawals when using cryptocurrency instant, they remain anonymous. That means cryptocurrency is extremely safe when gambling online and you never have to include your personal or financial details. Credit and debit card numbers, PayPal accounts and bank details are not required and that makes cryptocurrency an appealing option for online gamblers.
2020 was a tremendous year for crypto casinos and there is even better to come. For online gambling operators who are looking to grow in 2021 and beyond, the introduction of crypto casinos is an important opportunity.
Featured image: Cryptocoinspy.com