How Cryptocurrency Is Changing Casino Industries Across Latin America
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How Cryptocurrency Is Changing Casino Industries Across Latin America. News Americas. News.Ausenews.com reports that the spread of digital currencies has not had a drastic effect on these industries just yet.
There are many people in Latin America who are making fortunes in cryptocurrency. Some of these people are investing in casinos. Calvin Ayre is planning to build a bitcoin-funded resort in Antigua. He is investing $100 million worth of crypto profits into the project. In time, people will use crypto earnings to expand hospitality and entertainment options throughout Latin American.
There is a growing trend of online casinos using cryptocurrencies. Some platforms are gaining popularity in Latin America. Cryptocurrency-driven gaming is also likely to reassure some who are interested in online casino. In the U.S. banks’ processing of interstate casino winnings is prohibited by law. Many believe that cryptocurrency could get around this.
There are already successful land-based casinos in Latin America. Cryptocurrency is not essential for these industries just yet, but in another few years it may be influential.
