The Rise of Bitcoin in the Casino Industry


Since the inception of Bitcoin in 2009, the original cryptocurrency has established itself as undoubtedly the most renowned and most traded cryptocurrency in the world. In countries that accept the digital currency as a method of payment, people are using not just Bitcoin, but other currencies that followed the example of Bitcoin, for everyday purchases. Names of other cryptocurrencies are who are vying for a space in the digital market are Ethereum, Litecoin and Dogecoin. Cryptocurrency is officially here to stay, and its popularity is only trending upwards, as society evolves and technology that powers the operation of cryptocurrency improves.

May 2010 was the month when the first Bitcoin transaction was processed. It was used to buy two Papa Johns pizzas, at a total cost of 10,000BTC. Nowadays, it is more commonplace to use cryptocurrency to make purchases from retailers. But what other industries is this digital currency wandering into?

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https://www.businessinsider.com/papa-johns-gives-away-10k-slices-pizza-bitcoin-pizza-day-2021-5?r=US&IR=T

Right now, if you were to look up the best Bitcoin casinos, you would find a whole new realm where cryptocurrency can be utilised. Online casinos are now starting to accept a range of cryptocurrencies. Bitcoin is leading the way in this venture, with this particular coin featuring more regularly than some of the above-mentioned currencies. This shouldn’t come as a surprise to casino fans, as online casino itself has enjoyed a meteoric rise over the past couple of years. The coronavirus pandemic reduced people around the world to online action, and casino play fit perfectly into this mould.

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So, it was somewhat inevitable that cryptocurrencies would get in on this action, especially with the advantages and benefits that come with using this digital currency. The decentralised nature, the speed of transfer, the anonymity and ability to trace every single transaction make cryptocurrencies and online casino play a perfect match. There is another layer of education that comes with learning how to buy, hold and trade cryptocurrency, but at the rate these digital currencies are evolving, it might soon become the norm, as millions of people continue to back this craze.

For the casino industry, it is up to them to keep up with the craze too. There are established coins circulating in the market, but there is always space for more, and online casinos will need to keep on top of these developments. But online gambling coupled with online casino play is a combination that will continue to blossom for many a decade and will delight fans and users of both.


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