Will There Comes A Time That All Online Gambling Sites Are CryptoCurrency Based?

[suzanne5223]

I would want to see that one day but the truth is that it's unlikely. There are still a lot of online fiat casinos that exists today and we don't even know if they will start to adopt cryptocurrencies and accept it as their currency too.


Not every gambler would like to use crypto and this is one sad reality. We're all here because we like bitcoin and other crypto stuffs but this is a huge world

You're right about  this part because the last time i checked there are still some people which are yet to totally trust, use or have good intention towards cryptocurrency.

and thinking that most casinos in the future are crypto based, chance is slim.

But the chance of all gambling site to crypto base is not slim because almost all countries where gambling is legal are crypto friendly and once crypto become the mainstream of payment other gambling site owner will give in so they could match up with their business competitors.

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[michellee]

The idea of all online gambling sites becoming Cryptocurrency based is not gonna happen, instead those big giant websites will add crypto currenty to their payment methods to take customers from Cryptocurrency based gambling websites. At least that what would probably happen in coming years. The current blockchain technology are still far away from achieving breakout that could change the entire world form centralized to decentralized, we're still not capable even to create professional Dapps. 

But we can hope to see cryptocurrency can be added in the big online gambling sites so gamblers can see that now, they have another option to deposit. When they try to use cryptocurrency, I think they will like it because it's simple, easy, and not take too long to see the deposit money will arrive in their account. Besides that, we can hope that online gambling can see that the cryptocurrency can give more benefits to them, especially to gain more gamblers to play on their site.

[davinchi]

Many governments don't really have problems with online gambling. There are lots of fiat based online gambling registered and regulated by governments. I think what most governments will have hard time accepting are gamblings based on cryptocurrency.

The Government might not have anything that much against online gambling but they definitely have everything against cryptocurrency, I do not really know why they see it as a big threat and this is even enough reason,  they might want to see it eradicated which I doubt they will even succeed if they dare come up with such plan.

In my opinion, both fiat gambling and crypto gambling are doing very well and they will continue to exist. I don't see anyone replacing any. I plat with fiat and also with crypto, it all depends on the game I am interested in playing at that time. I feel gamblers that are using fiat are even more than those using cryptocurrency because fiat gambling has long existed before cryptocurrency.

[Devawnm367]

I really think there will come a time that everyone accept Cryptocurrency. As far as gambling sites are concerned. A majority of online casinos that were around before Bitcoin ever existed, all pretty much accept some form of Crypto. Most of them only accept Bitcoin. But it is a step in the right direction. If you were to fast forward another 5 years I would be willing to bet that they all accept atleast bitcoin.

I do not know how true it is as I have never been to Las Vegas, NV but I read a couple 2 or 3 years ago that even real Casinos in Vegas are beginning to accept payment in Bitcoin. Pretty soon, Shreveport Louisiana, and even Tunica Mississippi will begin accepting BTC it is only a matter of time!!!

But right now. Almost any online casino I can think of accepts Bitcoins as a means of gambling.  I like that as the Feds are not all up your @$$.  It is also alot more secure as you do not have to submit your debit card information to untrusted websites!

[DoublerHunter]

~snip~
But right now. Almost any online casino I can think of accepts Bitcoins as a means of gambling.  I like that as the Feds are not all up your @$$.  It is also alot more secure as you do not have to submit your debit card information to untrusted websites!

^ The line that I underlined above was the exact purpose here why people/gamblers enthusiasts choose cryptocurrency in using as a fund in gambling. No one like to give information to the website especially when we are talking storage of our money the debit card or even ATM cards that contain our personal data. I would prefer to use bitcoin or other forms of crypto that accepted in online gambling. Nevertheless, when the time comes online kind of online gambling aspect will base on crypto.

[perla]

The idea of all online gambling sites becoming Cryptocurrency based is not gonna happen, instead those big giant websites will add crypto currenty to their payment methods to take customers from Cryptocurrency based gambling websites. At least that what would probably happen in coming years. The current blockchain technology are still far away from achieving breakout that could change the entire world form centralized to decentralized, we're still not capable even to create professional Dapps. 

But we can hope to see cryptocurrency can be added in the big online gambling sites so gamblers can see that now, they have another option to deposit. When they try to use cryptocurrency, I think they will like it because it's simple, easy, and not take too long to see the deposit money will arrive in their account. Besides that, we can hope that online gambling can see that the cryptocurrency can give more benefits to them, especially to gain more gamblers to play on their site.

If a big site, maybe trustable site that before only have fiat, and add crypto like bitcoin to deposit, maybe i will pick it. Because trustable site sometime is hard to find, especially if the site not ask people to do KYC. I wouldn't do KYC to any gambling sites.

[Ucy]

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

This is just a matter of time. And not just online gambling sites but also in all other aspects of spending. Cryptocurrency will be the currency of the future and so there is no other way for online gambling sites to develop but within the bounds of cryptocurrency. Cryptocurrency will be used by online gambling sites not because it is anonymous, popular, and transparent as the case may be right now but because there is no other money.

The decision should be left for gamblers. There are gamblers who will need the anonymity, especially those from countries that are hard on gambling. Some gamblers wouldn't care about anonymity or other features Crypto provides as long as they get all they need on a fiat/Crypto based gambling site.

[sunsilk]

I would want to see that one day but the truth is that it's unlikely. There are still a lot of online fiat casinos that exists today and we don't even know if they will start to adopt cryptocurrencies and accept it as their currency too.


Not every gambler would like to use crypto and this is one sad reality. We're all here because we like bitcoin and other crypto stuffs but this is a huge world

You're right about  this part because the last time i checked there are still some people which are yet to totally trust, use or have good intention towards cryptocurrency.

With the news and articles that circulate around the internet and tells bad things about bitcoin, they wouldn't really want to take the chance to try it and on that part, we can understand their part if they don't want to try using it.

and thinking that most casinos in the future are crypto based, chance is slim.

But the chance of all gambling site to crypto base is not slim because almost all countries where gambling is legal are crypto friendly and once crypto become the mainstream of payment other gambling site owner will give in so they could match up with their business competitors.

I still don't see it on that point near in the future, we are talking about the 'all' online casinos here. That's why I've concluded that the chance is very low. However gradually, what you have mentioned will actually come into reality.

[Capt00]

The idea of all online gambling sites becoming Cryptocurrency based is not gonna happen, instead those big giant websites will add crypto currenty to their payment methods to take customers from Cryptocurrency based gambling websites. At least that what would probably happen in coming years. The current blockchain technology are still far away from achieving breakout that could change the entire world form centralized to decentralized, we're still not capable even to create professional Dapps. 

Maybe we can't this time but when cryptocurrency is fully adopted globally we could witness that most gambling sites will look for that. In fact, we are started already and the said market development will continue until we reach the highest peak. It just a matter of time, we can't make it instantly but we can make it at the right moment. There is no reason to decline such a thing if we all can get benefits from here.

[redsun114]

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

I doubt it, for that to happen we will need for bitcoin to become the most dominant currency around the world, and while that possibility cannot be discarded I really doubt that governments are ever going to stop printing their own currencies since it gives to them too much unilateral power over people and their futures, however if bitcoin becomes big enough then I do not see why we could not reach a point in time in which every big casino has to accept bitcoin and other cryptocurrencies if they want to remain profitable.

To be honest, I don't think bitcoin has to be a dominant currency before this can happen, and I feel that we are almost very close to that time because as it is now, a lot of people are dumping fiat for cryptocurrency gambling not only because of its safety but also because it is more profitable and the fact that it makes them anonymous.

I believe that thetime would surely come definitely because the advantage over fiat cryptocurrency is much more valued and who know it could later become world money and the adoption rate will be 100%. Then it will be compulsory for everyone to gamble with cryptocurrency or at least they could give just for more option for countries that are yet advanced.

[serjent05]

The decision should be left for gamblers. There are gamblers who will need the anonymity, especially those from countries that are hard on gambling. Some gamblers wouldn't care about anonymity or other features Crypto provides as long as they get all they need on a fiat/Crypto based gambling site.

Indeed, aside from the anonymity issue, some gamblers are comfortable using their VISA and master card in online gambling and worst, majority of gamblers as of now has no idea about cryptocurrency or if they have, they are just too comfortable to move to the new form of gambling currency(cryptocurrency).

I believe that thetime would surely come definitely because the advantage over fiat cryptocurrency is much more valued and who know it could later become world money and the adoption rate will be 100%.

Believe me there is no 100% adoption in a short period of time even though they are approved by the government. And some had been obsolete even before they get halfway of the road.

[crzy]

The idea of all online gambling sites becoming Cryptocurrency based is not gonna happen, instead those big giant websites will add crypto currenty to their payment methods to take customers from Cryptocurrency based gambling websites. At least that what would probably happen in coming years. The current blockchain technology are still far away from achieving breakout that could change the entire world form centralized to decentralized, we're still not capable even to create professional Dapps. 

Maybe we can't this time but when cryptocurrency is fully adopted globally we could witness that most gambling sites will look for that. In fact, we are started already and the said market development will continue until we reach the highest peak. It just a matter of time, we can't make it instantly but we can make it at the right moment. There is no reason to decline such a thing if we all can get benefits from here.

That will happen in time, i also believe on that but maybe online gambling sites will still accept fiat money and they will choose to accept both currency because they know some of the gamblers are still prefer to use fiat money since the value of cryptocurrency will tend to increase year after year.

[South Park]

I doubt it, for that to happen we will need for bitcoin to become the most dominant currency around the world, and while that possibility cannot be discarded I really doubt that governments are ever going to stop printing their own currencies since it gives to them too much unilateral power over people and their futures, however if bitcoin becomes big enough then I do not see why we could not reach a point in time in which every big casino has to accept bitcoin and other cryptocurrencies if they want to remain profitable.

I agree but it's not even about Bitcoin been the dominating currency but on what will happen to countries where cryptocurrency are banned.
Or else if the casino refuse to register their company or get a licence for it (which is not a good idea for authenticity) ;it cannot work.

There are countries where there are very strict restrictions against cryptocurrencies and people still use crypto to gamble and many other things, people understand why some stuff is considered illegal or there are strict regulations, like it is the case of drugs, but it is going to be very difficult for governments to ban cryptocurrencies when it is only a form of money, and if they do, they cannot expect people to comply so I am not worried there will always be bitcoin casinos in which we can gamble with our coins.

[ReiMomo]

That will happen in time, i also believe on that but maybe online gambling sites will still accept fiat money and they will choose to accept both currency because they know some of the gamblers are still prefer to use fiat money since the value of cryptocurrency will tend to increase year after year.

Using fiat maybe but not on online gambling casino. I wouldn't bother my self to linked my credit card into the gambling site because there is a possibility that I was got hold by the bank because of gambling sources. I still prefer using cryptocurrency as a form of money on the internet. Time to time bitcoin casino will always be pumping in the gambling industry and that is expected. And all gambling online casino will be based on cryptocurrency.

[qwertyup23]

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

It highly depends on the country but most online gambling websites that I know require the supplement of KYC in their registration.

To answer your second question, I think the time that all online gambling sites will be Cryptocurrency based once we shift the medium system to an electronic type of cash. But for the time being, it is impossible that it would happen anytime soon. The fiat system will always be present no matter how we change the medium.

That will happen in time, i also believe on that but maybe online gambling sites will still accept fiat money and they will choose to accept both currency because they know some of the gamblers are still prefer to use fiat money since the value of cryptocurrency will tend to increase year after year.

Using fiat maybe but not on online gambling casino. I wouldn't bother my self to linked my credit card into the gambling site because there is a possibility that I was got hold by the bank because of gambling sources. I still prefer using cryptocurrency as a form of money on the internet. Time to time bitcoin casino will always be pumping in the gambling industry and that is expected. And all gambling online casino will be based on cryptocurrency.

The only time that cryptocurrency would be the main medium in online gambling sites is the time when we shift our system of payments, which is impossible for the time being. There are countries who lack access to the internet and other relevant stuff to cryptocurrency. Despite this shortage, making cryptocurrency as the main medium is potentially dangerous to the economy.

[Ailmand]

I think that online gambling sites would still have an option to have fiat as their currency since not all gamblers have cryptocurrency. If all yhe website will be crypto based, this might become a hassle to some of the players since cryptocurrency might not be allowed in their country. So, fiat based currency gambling sites would remain.

[panjul07]

That will happen in time, i also believe on that but maybe online gambling sites will still accept fiat money and they will choose to accept both currency because they know some of the gamblers are still prefer to use fiat money since the value of cryptocurrency will tend to increase year after year.

Using fiat maybe but not on online gambling casino. I wouldn't bother my self to linked my credit card into the gambling site because there is a possibility that I was got hold by the bank because of gambling sources. I still prefer using cryptocurrency as a form of money on the internet. Time to time bitcoin casino will always be pumping in the gambling industry and that is expected. And all gambling online casino will be based on cryptocurrency.

Crypto gambling industry is indeed increasing year to year, we can hope to see more new gambling sites come in the future but to see all gambling sites are based on cryptocurrency will not happen as I have said previously unless all countries legalize crypto as the main currency to replace fiat. Fiat casino or even any other online industry such as ecommerce will still use fiat as the main currency.
Do not expect too much while not all countries are supporting crypto as a currency. Maybe it may happen in a country where the governement supports crytpo and online gambling, but to see it worldwide is still like a day dreaming at this moment. I do not mean to underestimate crypto or cryto gambling, just looking at the fact about it.

[TimeTeller]

I think that online gambling sites would still have an option to have fiat as their currency since not all gamblers have cryptocurrency. If all yhe website will be crypto based, this might become a hassle to some of the players since cryptocurrency might not be allowed in their country. So, fiat based currency gambling sites would remain.

Yes, in my opinion, fiat will always be a part of payment options in an online gambling site.
Not all gamblers have a stash of crypto, or not all the time that they have crypto in their wallet.
It is not easy for a gambling site to convert their options only to crypto.
This will affect their business so I don't think it is their best interest to be an all-crypto gambling site.

[xSkylarx]

Yes it is possible but there would still be an option to use fiat. You can't force all people to use cryptocurrencies and there are still some countries where it is restricted to use it. Fiat will never disappear like what other thinks. Not all can afford and adapt to use cryptocurrencies as their main medium of money.

[Hippocrypto]

Yes it is possible but there would still be an option to use fiat. You can't force all people to use cryptocurrencies and there are still some countries where it is restricted to use it. Fiat will never disappear like what other thinks. Not all can afford and adapt to use cryptocurrencies as their main medium of money.

Fiat wouldn't be removed from the sytem of our economy, much more on gambling and in order to make that possible with online gambling to be dedicated with cryptocurrency, people should learn to use it. Makit it as primary as medium of spending, government should implement both fiat and crypto exchange to be more compatible.