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Will Cryptocurrency See a Brighter Future in Online Casino Payments?

Yiran Dai

Summary: While the COVID-19 pandemic has forced many casinos into temporary closure, online gambling sites are generating growing revenue as a convenient stay-at-home alternative.

While the COVID-19 pandemic has forced many casinos into temporary closure, online gambling sites are generating growing revenue as a convenient stay-at-home alternative. The Times of Casino lately reported that Newgioco, Toronto-based gaming group, achieved 200 to 300 new accounts every day.

A report on Cryptopolitan published today quoted that by 2022, the gambling industry will witness a worldwide annual turnover of $100 billion, with at least one-third of it from online business. For the booming online casino business, cryptocurrency may be the best payment method for its security, convenience, and privacy. Different from fiat money, the crypto payment is not restricted by time or location, which meets precisely the characteristic of the online gaming business.

By Yiran Dai

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