Winning with Social Gaming and Crypto: How Cryptocurrency is Changing the Social Casino Landscape
The concept of crypto casinos isn’t a new one. Well before the rise of the great American online casino scene, crypto casinos were the offshore spots of choice for frustrated American players. And even with the tremendous success of American online casinos, the allure of cryptocurrency continues to loom large. The call for cryptocurrency continues to grow with the rise of the social casino scene. With social casinos revolutionizing online casinos, they get plenty of help with the integration of cryptocurrency.
The Appeal of Social Casinos
To better understand the magnificent relationship forming between social gaming and crypto, it’s important to first discuss the phenomenon of social gaming and, most importantly, social casinos. With the allure and boom of real money casinos in full swing, the main issue is they are only available legally in seven states.
However, with social casinos, especially the newer ones, are available in well over 40 states. With so much broader appeal, the market for social casino games and payments for Gold Coins continues to grow.
Playing Free Games
Sweepstakes casinos offer the latest slot games that you can normally find at traditional online casinos. However, they are famous for developing phenomenal in-house games. Another reason for the enduring appeal of social casinos is the rare chance to play free casino games. For starters, playing free casino games, especially more complex ones like roulette, allows players to take their time working and testing out different betting strategies without the fear or pressure of losing money.
It takes gold coins to play free games. For the most part, gold coins are available for free promotions. However, they come with many in-game advertisements that can ruin the flow. By purchasing gold coins, players can eliminate that.
That’s where crypto enters the equation. To encourage players from all backgrounds to participate and buy relatively cheap gold coins, the new sweepstakes casinos are increasingly turning to crypto options like Bitcoin and Ethereum.
More Anonymity
Well before the rise of American real money casinos and later social casinos, crypto casino became a prized destination for remaining anoymous. In fact, in most cases, members didn’t have to submit any personal information, create accounts, and certainly make purchases. To piggyback off this feature, more social casinos are advertising crypto options, knowing that a lot of transplants will seamlessly blend in with the simplified registration system.
Also, not all players are comfortable using their credit card information online. Taking a page from traditional online casinos, social casinos are banking on cryptocurrency to win over new players. Like e-wallets like PayPal, no personal information is necessary, and there is a higher success rate for transactions. Unlike credit cards that rely on banks, cryptocurrency runs on its own blockchain technology, which leads to a higher approval rate.
The Future of Social Casinos: Faster Redemption Times with Crypto
Crypto casinos took off like a rocket because they worked to introduce the instant payout system. Usually, within an hour, a casino player could receive their hard-earned winnings with relatively low transaction fees. Playing at social casinos means going through the redemption process,. The problem is redemption is normally a fast process. However, by incorporating cryptocurrency, the redemption process can also finish in an hour.
Final Thoughts
The continued integration of cryptocurrency with social casinos continues to be a winning strategy. As we mentioned, it is becoming the recipe for the newer social casinos to offer several cryptocurrencies for maximum involvement. And with the allure of faster redemption payouts, cryptocurrency is impacting more diverse gold coin packages for purchase and at a discount.