Are there any Live Casino In world that Accept Cryptocurrency and pay in crypto? - page 3.

Fivestar4everMVP

legendary

Activity: 2394

Merit: 1082

Leading Crypto Sports Betting & Casino Platform

Quote from: fennic on December 12, 2022, 02:19:41 PM

I was wondering today that if there are casino that started accepting crypto as payment and if someone wants to payback in crypto, are there any casinos available.
According to me I have not heard anything yet but in future this might happen cause when crypto adoption will come than we might see these Casino bosses to accept crypto and other alts.
What are your thoughts on this?

You never can tell until you visit a live casino and find out from them if they accept crypto currency payment.
I personally believe that 1 out of 10 live casinos will be willing or will accept crypto payment if they get a good offer on the table.

And on the question whether there be any live casino around the world that is already accepting crypto payment at this moment, the answer is yes, there are many of them though I don't have a name right now, but I can remember a user of this forum complaining one time here about loosing $2000 in bitcoin to a live casino and planning on going back the next day for a revenge gamble.
So indeed, there are live casino already accepting crypto payment and also settling winnings in crypto upon request.

Queentoshi

sr. member

Activity: 854

Merit: 327

Quote from: fennic on December 12, 2022, 02:19:41 PM

According to me I have not heard anything yet but in future this might happen cause when crypto adoption will come than we might see these Casino bosses to accept crypto and other alts.
What are your thoughts on this?

In the future when cryptocurrency finally becomes adopted for use, Live Casino's may still just as people exchange cash for casino chips to gamble with, choose to start accepting bitcoins and other altcoins in exchange for casino chips, and after gambling, say you win, the option of converting your chips back to cash for you or it sent directly to your cryptocurrency wallet will be available in the payment option.

o48o

legendary

Activity: 3010

Merit: 1154

Leading Crypto Sports Betting & Casino Platform

Quote from: fennic on December 12, 2022, 02:19:41 PM

I was wondering today that if there are casino that started accepting crypto as payment and if someone wants to payback in crypto, are there any casinos available.
According to me I have not heard anything yet but in future this might happen cause when crypto adoption will come than we might see these Casino bosses to accept crypto and other alts.
What are your thoughts on this?

I am guessing you are talking about physical casinos where you walk in, because there are ton of live dealers in the internet accepting crypto. However i don't see much significant advance of not having fiat money in the middle of it as it's liquid like no other form of payment.
And you are gambling with casino tokens anyway, it's not like you would be gambling directly with crypto on physical casino.

And you can cash in your casino tokens and buy crypto or sell your crypto, and buy those casino tokens with your fiat money. It's not the same, but if physical casino accepted crypto payments they would most likely sell your deposit instantly and convert it to physcal tokens that represent fiat money and that you could cash out in fiat money.

From the view point of casino just the taxation issues of it all would be nightmare addon of extra work. And just to deal with old timers and explain the liability issues / risks of having their own wallets and what crypto should they choose or not to choose if they don't want to lose everything would be a hard job.

In the internet it works with crypto natives, so maybe it will come to casinos some day when people are demanding it and experienced enough.

fennic

member

Activity: 126

Merit: 39

I was wondering today that if there are casino that started accepting crypto as payment and if someone wants to payback in crypto, are there any casinos available.
According to me I have not heard anything yet but in future this might happen cause when crypto adoption will come than we might see these Casino bosses to accept crypto and other alts.
What are your thoughts on this?

Topic: Are there any Live Casino In world that Accept Cryptocurrency and pay in crypto? - page 3. (Read 313 times)