In a recent announcement, Greentube informed the internet about its plans to take its content online. This will be realized through a partnership with the online Grand Bern Casino’s brand seven melons. It is assumed that the big names are trying to establish their business online in anticipation of mainstream crypto adoption. The new deal will help the casino to establish its foothold in the crypto-friendly country, Switzerland.
Crypto gaming and betting is one of the fastest-growing areas of DeFi. In fact, the adoption of cryptocurrencies was already underway when other businesses kept a distance from DeFi. There were sites offering games like roulette, blackjack, baccarat, and slots designed exclusively for digital coins. Moreover, they offered huge bonuses and discounts in comparison to regular casinos. The lack of regulatory measures and overhead expenses helped top crypto casinos with this aspect.
However, it was mainly limited only to popular coins like Bitcoin and Ethereum. This scenario is also changing now as players tend to use less popular coins for crypto gambling. For example, Monero (XMR) is often preferred in online casinos as they are anonymous, and tracking the payments is virtually impossible. If you wish to protect your privacy during online gambling, check out this link here to explore and get the best Monero casino to earn huge rewards. Moreover, using these tokens, one does not have to worry about larger-than-life processing fees and taxes.
These reasons have propelled the demand for cryptocurrencies in recent times, especially among Gen Z. In addition, the regulators in many regions are already drawing policies to regulate crypto adoption in regular casinos. The United Kingdom Gambling Commission is already leading this area and so far has managed to provide an amicable environment for such activities. This has given confidence for popular casinos like Greentube to explore and prepare for integrating their business with such a huge market as crypto gambling.
Greentube will be moving its products like Book of Ra, Lucky Lady’s Charm, Super Cherry 5000, and Dolphin Pearl to the Swiss online market. Although it is assumed to be proactive towards cryptocurrencies, this could also be a plan towards dominating Switzerland’s online gambling market. Given that the rapidly growing Swiss gambling industry, along with the less hostile attitude of the government towards cryptocurrencies, will provide an optimal environment for Crypto adoption in the near future.
This view has got the impetus from the recent announcements from popular brands like RocketPlay and Spinomenal. These two firms have already announced their decision to incorporate cryptocurrencies and release more crypto-friendly products in the future. These are just a few instances of how the perspectives about cryptocurrencies are changing in areas like sports betting and gambling. Given this momentum, we can see that we are not very far from witnessing crypto in mainstream betting and gambling.