The Changing Face of Crypto Gambling in 2020
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Gambling is emerging as an exciting new frontier for the use of cryptocurrency. Many online gaming dens have dispensed with dollars and pounds and do business with digital assets. Traditional platforms have added support for bitcoin. According to Statista, there are over 47 million crypto wallet users worldwide.
The growth of the crypto gambling sector mirrors the expansion of internet casinos. InterCasino was the first online betting platform launched in 1996. People who buy cryptocurrencies are likely to fancy gambling. For players in countries where online gambling is forbidden, the cryptomarket offers a convenient, incognito form of banking. Crypto gambling, as a concept, is as old as bitcoin itself.
$7.9 billion worth of value was transacted on dApps in the first quarter of 2020. Casinos, Games and Exchanges are the most popular categories. On the EOS network, 184 of 406 active dApp addresses were dedicated betting apps. Players spend $10 million a day making bets on these platforms. Samsung is making d apps available on its devices. The global market for online gambling exceeds $50 billion. There are many online casinos that support cryptocurrency. They offer high limits and instant payouts. Many have their own dedicated iOS and Android apps, plus 24/7 customer support.
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