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Author Topic: Will physical casinos accept crypto someday?  (Read 1945 times)
poldanmig
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August 17, 2021, 04:49:49 PM
 #201

There are plethora of online casinos (gambling sites) which accept popular cryptocurrencies like Bitcoin and Ethereum. This is good because you can place your bets anonymously without all of the hurdles involved with Fiat. No KYC, means freedom. The only downside is that you'll be missing the experience of gambling in a real world setting. Physical interaction is not the same as going virtual.

I've been wondering what's been holding back real world casinos from adopting crypto? It is because they fear a government crackdown? Or because of crypto's volatility? With how popular crypto/Blockchain tech is right now, there should be at least one physical casino you can go to and place your bets with crypto. Thoughts? Huh
If the government legalized crypto currency in the country, of course the possibility of crypto being one of the payments for physical casinos could happen, but of course users would prefer to use fiat currency when playing at physical casinos because it is more practical in nature, except for gamblers, who have a lot of capital, of course, it will be very risky to bring a lot of money so maybe they will prefer to use crypto currency later.

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August 17, 2021, 05:21:31 PM
 #202

If the government legalized crypto currency in the country, of course the possibility of crypto being one of the payments for physical casinos could happen, but of course users would prefer to use fiat currency when playing at physical casinos because it is more practical in nature, except for gamblers, who have a lot of capital, of course, it will be very risky to bring a lot of money so maybe they will prefer to use crypto currency later.
No matter what circumstances may be, it is always a bad idea to run around with pockets full of cash. That is why most gamblers carry their credit/debit cards instead and usually prefer to use ATMs before the actual game. As saying goes, when it comes to gambling cash is a king. However, cryptocurrency can also be withdrawn via crypto ATMs, so I don't see any problem if there is a place nearby where I can quickly exchange my crypto.

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August 17, 2021, 05:55:48 PM
 #203

It wouldn't be too bizarre idea since brick and mortar casinos are copying the best practices from online all the time. Maybe bitcoin
casinos
are a thing in land based gambling within a decade or two.  Shocked
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August 17, 2021, 07:19:23 PM
 #204

If the government legalized crypto currency in the country, of course the possibility of crypto being one of the payments for physical casinos could happen, but of course users would prefer to use fiat currency when playing at physical casinos because it is more practical in nature, except for gamblers, who have a lot of capital, of course, it will be very risky to bring a lot of money so maybe they will prefer to use crypto currency later.
No matter what circumstances may be, it is always a bad idea to run around with pockets full of cash. That is why most gamblers carry their credit/debit cards instead and usually prefer to use ATMs before the actual game. As saying goes, when it comes to gambling cash is a king. However, cryptocurrency can also be withdrawn via crypto ATMs, so I don't see any problem if there is a place nearby where I can quickly exchange my crypto.

It's more easy to bring your card and withdraw to an ATM nearby than bringing your wallets that full of cash. There are gamblers who also have credits those VIPs which can play without bringing out anything.

And with that argument above, crypto, once being recognized by the government, more businesses will cater it and adopt the system.

It's easier to withdraw your money if you understand how crypto works. You can simply go bringing nothing out from the casino, aside from the withdraw crypto though:Smiley

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August 17, 2021, 07:27:16 PM
 #205

If the government legalized crypto currency in the country, of course the possibility of crypto being one of the payments for physical casinos could happen, but of course users would prefer to use fiat currency when playing at physical casinos because it is more practical in nature, except for gamblers, who have a lot of capital, of course, it will be very risky to bring a lot of money so maybe they will prefer to use crypto currency later.

If we are talking about large amounts of cash, then of course there is a risk, but in any developed country it is minimal, since the likelihood that criminals are unlikely to have X-ray vision and there is no point in robbing everyone in a row. But if we use cryptocurrency in large quantities, then the risks increase, since it is quite easy to trace the entire path of money through the blockchain - I do not think that casino visitors will be pleased to think that someone (even the casino staff) will be able to track their money.

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August 17, 2021, 08:10:42 PM
 #206

If the government legalized crypto currency in the country, of course the possibility of crypto being one of the payments for physical casinos could happen, but of course users would prefer to use fiat currency when playing at physical casinos because it is more practical in nature, except for gamblers, who have a lot of capital, of course, it will be very risky to bring a lot of money so maybe they will prefer to use crypto currency later.
Even it's not legalized by any country, casinos can easily adapt it as long as there's no law that prohibits the action. The casino is free to adopt cryptocurrencies as part of their business as long as they're going to have a legal basis on it and it doesn't conflict with their current laws.
For the gamblers that own cryptocurrencies, they would like to spend it on and have the experience of how it goes in the physical casinos using cryptocurrencies although there's not really that much change on it except paying in crypto.

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