Bitcoins are gradually developing into more than just a payment method for iGaming platforms. It’s becoming a part of the system core itself. Crypto-friendly casinos have a true edge with faster payouts, fewer payment delays and the ability to service players worldwide.
This was once an advantage when using cryptocurrency in iGaming, but I believe that the fiat system had already patched this gap, fiat system had an ewallet that mimicked the function of cryptocurrency of instant deposit and instant withdrawal 24/7. We have an e-wallet where digital funds can be transferred instantly, way more faster than the confirmation of Bitcoin.
What’s changing even more is the expectations of players. People want instant withdrawal, better privacy and easy access anywhere they are. Traditional banking systems do not always meet those demands very well, and that is why crypto keeps gaining ground.
In most cases, privacy is nullified by crypto casinos requiring KYC for their player. While playing everywhere, anywhere is also a function of a fiat online casino through integrating e-wallets into their deposit and withdrawal system.
It will also be interesting to see how regulators respond as more platforms begin to merge both fiat and crypto into the same ecosystem.
Regulators will require these gamlbing platform to implement KYC, and we have seen it already on major crypto casinos.