Nowadays, cryptocurrencies have become very popular with people across the world, adopting them. The casino industry is also becoming equally famous with fiat-based gambling being replaced by cryptocurrencies. MintDice is one of those online casinos that offer to gamble in cryptocurrency, including the Bitcoin. It is estimated that the online gambling industry will have earned a revenue of $94 billion globally by 2024.
The CEO of MintDice, Bryce, presented his opinion on the future adoption of Bitcoin and the prospect of the blockchain industry. He said that gambling is a great industry that will get magnified in an emerging industry.
Bitcoin casinos are like a boon to the casino industry. It is recorded that new Bitcoin casinos are comparatively more economical than traditional fiat-based casinos. Many reasons make it superior like fraud risk, cost incurred for the deposits of Bitcoin, transaction fees, and all other cut down acquisitions.
On the other hand, many corporations, as well as financial institutions, adopted Bitcoin blockchain in the form of banks. Bitcoin is a payment system where complete information of transaction data is stored and can be accessed by an immutable distributed ledger. On the other hand, every transaction in the casino industry is handled by a single entity. Therefore, blockchain solved this problem.
Bryce said that there is an increasing scope of fair gambling because of blockchain. It can offer solutions like lotteries whenever time stamps are necessary.
MintDice is a safe platform for gambling. It can change the rigid fiat-based supporters to Bitcoin. There are unique and multiple games in MintDice’s online casino. This platform is based on blockchain technology, and there will be more benefits after maturing of crypto markets.
There is a chance for the users to invest in the bankroll of MintDice casino. People can earn great interest in Bitcoin and other cryptocurrencies. It offers a variety of games with the high production value that are difficult to run on other platforms. With the increase in Bitcoin casinos, the fraud will be reduced and make the user experience more enjoyable and profitable.