Bitcoin Continues To Turn Heads In The Online Gaming Industry

If there is anyone left who doubts Bitcoin can be successful in the online gaming industry, you will be proven wrong relatively quickly. At the same time, that doesn’t mean Bitcoin will suddenly be embraced by every online gaming operator in the world. But for the first time in life, there is a payment option that benefits both customer and operator, with no hidden fees or tricks.

Bitcoin has seen its fair share of success in the online gaming industry already. Although most platform operators were wary of cryptocurrency at first, some of them added it as an additional payment option. No one is saying Bitcoin will replace card payments or wire transfers overnight.

Do Not Underestimate The Power Of Bitcoin

What cryptocurrency does is allow users from all over the world to enjoy online gaming and gambling. Traditional payment methods can be rather restrictive, which forces players to look for illegal and underground options. Bitcoin removes those concerns, as it is a global currency without the tight restrictions banks impose on their own issued currencies.

Customers from all over the world have taken a liking to cryptocurrency for gambling purposes. In fact, the number of players on platforms accepting Bitcoin has been increasing steadily. Furthermore, the number of platforms supporting Bitcoin has almost tripled in the past few months. Many people see the light, and despite no guarantees of success, integrating the payment option comes at zero cost or risk.

It has to be said; Bitcoin has to thank the online gaming industry for part of its success. With traditional casinos in Las Vegas – physical locations, mind you – accepting Bitcoin payments, things shifted into a higher gear all of a sudden. So far, this decision seems to be paying off, although there is still a long way to go.

In the end, both consumers and operators can benefit from Bitcoin. There are fewer setup costs and operation expenses to keep in mind. Moreover, there is a valid way to engage a global audience without much friction. Bitcoin removes the worry over chargebacks and fraud as well, which is invaluable to any gaming operator in the business today.

Header image courtesy of Shutterstock

About JP Buntinx

JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.