Cryptocurrency application in iGaming – acquiring new users by offering safer and anonymous ecosystem

 

CoinPoint is a premium marketing agency founded in 2013. Owned by CoinPoint Group Inc., the agency is now working with a number of all-scale businesses in the crypto space. With a wide range of clientele from cryptocurrencies markets, blockchain, and fintech, CoinPoint aims to educate the market about the current state of blockchain affairs, but also to foreseen the technological breakthroughs that will shift the market.

Throughout the past couple of years traditional casinos have been operating in the shadow of bitcoin casinos which managed to surpass them due to their disruptive features. Suffice it to say that the DLT technology found its “holy grail” precisely in the iGaming industry. Operators started off by integrating cryptocurrency payments and once they witnessed the amount of interest the payment method generated, they initiated its full-scale integration. The act of integrating cryptocurrency payments is very straightforward and conducted by industry leaders – CoinPoint.

Nowadays, there is an array of decentralized casinos which offer unprecedented ecosystem based on security, immutability, and speed. Players found this very convenient as the fees are often brought down to a bare minimum. To top it all off, operators are being fully transparent by displaying their open-source code to the public along with their smart contracts guaranteeing the provable fairness. Ultimately, blockchain provides a solution to all players who want to remain anonymous as they do not require any personal information prior to playing.

On another note, centralized networks, where most of the operators are residing, are extremely susceptible to hacking as their networks have a single point of data collection which hackers can easily tamper with. Contrastingly, blockchain streamlined the process by accumulating the data on a peer-to-peer network thus practically neutralizing all hacking attempts.

Some casinos even installed a non-custodial system in which the players always have a full control over their funds. This implies that players do not need to deposit the funds directly on the platform, but rather link their wallet to the platform so that each placed bet is deducted directly from their wallet. This ensures the players that even if the malicious attack occurs, the players’ funds will remain intact.

Marketing casinos in general has become tricky as the social media conglomerates such as Facebook and Twitter restrained all casino and cryptocurrency related topics altogether. Cryptocurrency community, however, didn’t yield to this. Cryptocurrency experts have exploited an opportunity and built decentralized social media that are widely used for different types of business, iGaming being one of them.