The Bitcoin gambling landscape is expanding in a way that no one has ever predicted. Today this industry is already responsible for millions of Bitcoin transactions every day. The unregulated nature of Bitcoin has been instrumental in proliferating demand in this specific market. When Bitcoin first appeared the gambling industry was one of the industries that immediately started to adopt it. Since then, hundreds of online gambling sites have been popping out like mushrooms all of them using Bitcoin has its main business model.
Today, the Bitcoin gambling industry is teaming with activity. It is where you can find from the most regular casinos such as Bitcoin Games to the most original and exotic casino such as Dragon’s Tale.
The gambling industry is, in fact, the only one that has stood strong since Bitcoin first appeared, and even now casinos are expanding and accepting many other cryptocurrencies. Acceptance of the virtual currency means its value will go up, and this makes it lucrative for online gaming and betting businesses. The more value the currency has, the more profit a betting business is able to fetch from players. As such the gambling industry is already harnessing the full potential of digital currency.
Unlike other payment gateway platforms such as PayPal and other checkout processors that charge merchants upward of 5% per transaction and some fees, Bitcoin only charges merchants 1% of their transactions. Consumers, on the other hand, are absolved of any fees.
As Bitcoin continues to gain more grounds and recover as a virtual currency, the sports betting industry is also starting to embrace Bitcoin. While this remains to be seen, it is more than seen that digital currency can disrupt any online business.