Cryptocurrency is steadily becoming one of the most popular and profitable currencies in the world. Many individuals are currently spending billions of pounds to invest in this rapidly growing industry. Not only that, many organizations, and companies, including online casinos, are working to make their transactions possible with cryptocurrency, especially Bitcoin.
But why is everyone saying that Bitcoin is the future of online gaming currencies? This short article will provide several answers to this question. So, keep reading to discover more about why it is the future of online gaming currencies.
Purchasing Games through Steam/Game Stores
The list of game vendors that accepts Bitcoin as a method of purchase is growing all time. However, there’re some notable omissions, especially if you are looking to spend your Bitcoins on video games.
Since the early days of Bitcoin, Steam has been accepting Bitcoin payments. Apart from Steam, you can also purchase games from game stores using Bitcoin. Some of the most popular game stores that only accept Bitcoin as a cryptocurrency option include Xbox, uPlay, PlayStation, Battle.net, Origin, Rocker Social Club, Google Play, Amazon and Apple App Store.
All these game stores only accept Bitcoin, meaning you cannot use other cryptocurrency options to purchase games from them. This means that Bitcoin will only continue to become the future of online gaming currencies.
In-Game Purchases
Aside from gift cards with a game balance, many games now offer an option to provide in-game items like weapons, skins, and other resources. If you are a fan of Bitcoin and casino games that provide you with the opportunity to purchase in-game items, then the good news is that you can use the cryptocurrency to buy them.
A wide range of games only accepts Bitcoin when it comes to in-game purchases. This means that you will get just a few games that accept other cryptocurrency options. Many games accept Bitcoin in-game purchases since it was the first cryptocurrency, it has the safest and most secure network, and many investors and punters regard it as a reserve currency for other cryptocurrencies.
Payment Method at Online Casinos
Bitcoin is the most popular cryptocurrency in the gaming world. Online casinos have been accepting it since way back in 2011 as cryptocurrency allows punters to make peer-to-peer payments and transactions with their respective online casinos. This allowed gamers to bet on all the gambling staples like Poker, Blackjack or slots online uk. Bitcoin first entered the world of virtual casinos in 2011, when gaming companies were looking for a perfect way to get around the Unlawful Online Gambling Enforcement Act.
Since then, a huge number of online gaming sites has also chosen to accept Bitcoin as a payment option. So, why do many gaming companies exclusively accept Bitcoin while ignoring other cryptocurrencies and traditional payment methods like electronic wallets and cards? Some of the main reasons why Bitcoin is a popular payment method include:
- Bitcoin allows online casinos to get around restrictive gambling laws
- No processing fee to cover when making transactions
- Many gamblers love Bitcoin compared to other cryptocurrencies
- Anonymity
- High levels of security
As you can see, Bitcoin has a lot of benefits to provide both online casinos and punters with. And that is why it will only continue to the future of online gaming currencies.
Final Thoughts
Most game manufacturers are already accepting Bitcoin, and many new ones will continue to jump in on the cryptocurrency technology. Bitcoin has the potential to take over other crypto options.
So, whether you want to purchase in-game items, buy games from stores, or make payments at your favorite online casino, be sure to use Bitcoin. At casinos accepting Bitcoin, you will be 100% sure to have the best gaming experience.
I'm a published author and proud US Army veteran who happens to be a gamer, so I decided to combine the two and love every minute of it! Feel free to contact me with any questions or comments and I'll be sure to get back to you.
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