see how many crypto online casinos have sprung up, that means the interest of casinos who want to get into crypto is very high
I am 100% sure that offline casinos will not refuse the huge profits they can get if they accept crypto
there are so many conveniences and benefits that players and casino owners can get if they adopt cryptocurrency
Not until 5 years from now for sure, we will see physical casinos accepting the crypto increase
Topic: Will physical casinos accept crypto someday? - page 7. (Read 2051 times)
why should they do it if they are satisfied with fiat? The use of cryptocurrencies in online casinos is widespread for obvious reasons, but there is simply no particular reason for the transition to widespread use of cryptocurrencies by physical casinos.
It seems that people in the casino business are also aware of online casinos are viral with crypto. and those casino that aware of this i think will slowly adapt to the use of crypto. maybe by allowing the purchase of physical chips in casino with crypto? or maybe having an online site too. personally I thought it it very possible to happen.
The physical casino will soon accept Bitcoin. It's going to be valuable for them like how BTC to ba valuable for the institutions.
Physical casinos were afraid to accept bitcoin or altcoin while there is regulatory uncertainty, and also as I said before it is possible that physical casinos don't have many customers who accept bitcoin as a means of payment because regular casino customers want things fast and without a lot of headaches and the casino owners naturally must offer what the customers want and I don't think bitcoin is the preference of regular customers who have a lot of money in physical casinos
If they serve gamblers online, they should have a cryptocurrency option but this will once again be a possible platform that will require KYC. One thing that Bitcoiner will probably prefer is to just stay and play on the old bitcoin casinos, like the old ones, and leave the physical casino alone. We already have enough platforms asking out data.
I've heard from many people saying that the experience that physical casinos bring is much better than online casinos.
No, I don't think it's too soon. Unless by "soon" you and I mean two different things. Think about one thing, in which physical store do you go and you can pay with cryptos? There are very few today. I think that hopefully we can wait for the next cycle, if in this one institutional adoption takes hold and we keep moving towards mass adoption.
I think that nowadays few shops and buyers use cryptocurrency for one simple reason - why should they do it if they are satisfied with fiat? The use of cryptocurrencies in online casinos is widespread for obvious reasons, but there is simply no particular reason for the transition to widespread use of cryptocurrencies by physical casinos.
Physical casinos offer a good experience than online gambling, however, due to the pandemic, people learn that gambling online is easier and cheaper, so Physical casinos revenue has decreased due to the restrictions, and for them to survive and stay profitable, they have to compete and operate an online casinos business also.
We should not limit the function of a physical casino, all of them operate for profit, and if they find an opportunity to boost their profit, then they will not hesitate to start accepting crypto as it's popular nowadays.
The physical casino will soon accept Bitcoin. It's going to be valuable for them like how BTC to ba valuable for the institutions.
If they serve gamblers online, they should have a cryptocurrency option but this will once again be a possible platform that will require KYC. One thing that Bitcoiner will probably prefer is to just stay and play on the old bitcoin casinos, like the old ones, and leave the physical casino alone. We already have enough platforms asking out data.
If they serve gamblers online, they should have a cryptocurrency option but this will once again be a possible platform that will require KYC. One thing that Bitcoiner will probably prefer is to just stay and play on the old bitcoin casinos, like the old ones, and leave the physical casino alone. We already have enough platforms asking out data.
No, I don't think it's too soon. Unless by "soon" you and I mean two different things. Think about one thing, in which physical store do you go and you can pay with cryptos? There are very few today. I think that hopefully we can wait for the next cycle, if in this one institutional adoption takes hold and we keep moving towards mass adoption.
I think 'soon' is really soon! Accepting cryptocurrencies in a physical casino and paying in-store with cryptocurrency are completely different things... In the example of Tesla selling cars for bitcoin, it will be possible to buy chips or bet in a casino... But buying a coffee or a lollipop with bitcoin is very uncomfortable!
No, I don't think it's too soon. Unless by "soon" you and I mean two different things. Think about one thing, in which physical store do you go and you can pay with cryptos? There are very few today. I think that hopefully we can wait for the next cycle, if in this one institutional adoption takes hold and we keep moving towards mass adoption.
I think that nowadays few shops and buyers use cryptocurrency for one simple reason - why should they do it if they are satisfied with fiat? The use of cryptocurrencies in online casinos is widespread for obvious reasons, but there is simply no particular reason for the transition to widespread use of cryptocurrencies by physical casinos.
Physical casinos offer a good experience than online gambling, however, due to the pandemic, people learn that gambling online is easier and cheaper, so Physical casinos revenue has decreased due to the restrictions, and for them to survive and stay profitable, they have to compete and operate an online casinos business also.
We should not limit the function of a physical casino, all of them operate for profit, and if they find an opportunity to boost their profit, then they will not hesitate to start accepting crypto as it's popular nowadays.
I've been wondering what's been holding back real world casinos from adopting crypto? It is because they fear a government crackdown? Or because of crypto's volatility? With how popular crypto/Blockchain tech is right now, there should be at least one physical casino you can go to and place your bets with crypto. Thoughts? 
After ten years everything has become possible in Cryptocurrency, who knows it, before we know it we have one or two gambling sites that are or are dedicated to Cryptocurrency and they are accepting different Cryptocurrency like Eth, Tron Doge, or Litecoin, the possibility is open now, we have to embrace it when the times comes.
Indeed, it is possible that in the future it will definitely happen and will be adopted by the casino in the real world. One of them needs to come up with the idea and provide some kind of experimental system, whether it is effective or not. it's just possible in the circles where the cryptoners are. Because the thing that becomes the obstacle may be the existence of places that still cannot be visited with a considerable distance.
No, I don't think it's too soon. Unless by "soon" you and I mean two different things. Think about one thing, in which physical store do you go and you can pay with cryptos? There are very few today. I think that hopefully we can wait for the next cycle, if in this one institutional adoption takes hold and we keep moving towards mass adoption.
I think that nowadays few shops and buyers use cryptocurrency for one simple reason - why should they do it if they are satisfied with fiat? The use of cryptocurrencies in online casinos is widespread for obvious reasons, but there is simply no particular reason for the transition to widespread use of cryptocurrencies by physical casinos.
The physical casino will soon accept Bitcoin. It's going to be valuable for them like how BTC to ba valuable for the institutions.
If they serve gamblers online, they should have a cryptocurrency option but this will once again be a possible platform that will require KYC. One thing that Bitcoiner will probably prefer is to just stay and play on the old bitcoin casinos, like the old ones, and leave the physical casino alone. We already have enough platforms asking out data.
If they serve gamblers online, they should have a cryptocurrency option but this will once again be a possible platform that will require KYC. One thing that Bitcoiner will probably prefer is to just stay and play on the old bitcoin casinos, like the old ones, and leave the physical casino alone. We already have enough platforms asking out data.
No, I don't think it's too soon. Unless by "soon" you and I mean two different things. Think about one thing, in which physical store do you go and you can pay with cryptos? There are very few today. I think that hopefully we can wait for the next cycle, if in this one institutional adoption takes hold and we keep moving towards mass adoption.
We never know but it may not be Bitcoin or other coins or a new system created that will make transactions faster specifically for gambling without these very high fees that accompany each transaction, more than ten years ago we never know anything about online peer to peer that can track transaction or even decentralization, the Cryptocurrency technology is evolving and will continue to evolve to serve the needs of its industry,
Quote
“necessity is the mother of all innovation”
if there's a market, the entrepreneurs will find a way.
The physical casino will soon accept Bitcoin. It's going to be valuable for them like how BTC to ba valuable for the institutions.
If they serve gamblers online, they should have a cryptocurrency option but this will once again be a possible platform that will require KYC. One thing that Bitcoiner will probably prefer is to just stay and play on the old bitcoin casinos, like the old ones, and leave the physical casino alone. We already have enough platforms asking out data.
If they serve gamblers online, they should have a cryptocurrency option but this will once again be a possible platform that will require KYC. One thing that Bitcoiner will probably prefer is to just stay and play on the old bitcoin casinos, like the old ones, and leave the physical casino alone. We already have enough platforms asking out data.
No, I don't think it's too soon. Unless by "soon" you and I mean two different things. Think about one thing, in which physical store do you go and you can pay with cryptos? There are very few today. I think that hopefully we can wait for the next cycle, if in this one institutional adoption takes hold and we keep moving towards mass adoption.
The physical casino will soon accept Bitcoin. It's going to be valuable for them like how BTC to ba valuable for the institutions.
If they serve gamblers online, they should have a cryptocurrency option but this will once again be a possible platform that will require KYC. One thing that Bitcoiner will probably prefer is to just stay and play on the old bitcoin casinos, like the old ones, and leave the physical casino alone. We already have enough platforms asking out data.
They won't worry much about government crack down especially when their government and central bank recognizes Cryptocurrency. However, they still need to get permission If they want to accept crypto as a form of betting.
Bad thing on this if the government of the said casino is corrupt because for sure that casino will be burden from the gambling community.Quote
But, I don't see physical casinos allowing bet with crypto, because that could be a burden for the bettors paying extra for the tx fees every bet. The most possible scenario for this would be the physical casinos accepting crypto to buy their chips.
There are exchange/wallet that requires no tx fee when sending , like on our country that sending bitcoin in the same wallet there is no fee if the same wallet sending and receiving .
i though there are already casinos that accept crypto ? but as deposit to acquire chips but there are still no machines available for crypto playing gambling.
Yes, for sure. If crypto currencies becomes the widely used payment medium then it is not going to be an exception in the physical casino. I heard that there are some underworld casinos are accepting bitcoin and other popular cryptos for making bets but unfortunately those things are unregulated so we can't find any information in the public domains.
Yes , there are big chance to make this possible because crypto is the most promising and in demand electronic currency now.
They won't worry much about government crack down especially when their government and central bank recognizes Cryptocurrency. However, they still need to get permission If they want to accept crypto as a form of betting.
But, I don't see physical casinos allowing bet with crypto, because that could be a burden for the bettors paying extra for the tx fees every bet. The most possible scenario for this would be the physical casinos accepting crypto to buy their chips.
But, I don't see physical casinos allowing bet with crypto, because that could be a burden for the bettors paying extra for the tx fees every bet. The most possible scenario for this would be the physical casinos accepting crypto to buy their chips.
The regulation from the government is holding back the offline casinos from adopting crypto because the casino does not want to break the law from their government. They need more time to wait for adopting crypto for their casino and maybe it will not happen in a short time depend on how their government reacts to the crypto. If their government can accept crypto and many people use crypto, the casino can start to integrate their system using crypto. But I am sure the casino already learn about crypto and probably, they also invest in crypto secretly.
Almost guaranteed in my opinion.
It'll be a matter of time before the lines between physical and virtual casinos blur. Physical casinos like those on the Vegas strip will likely increasingly adopt technologies that push their operations online, especially after this pandemic hit.
Nobody wants to carry around a chip or even a card anymore in a physical casino. And with the inevitability of virtual-physical casino integration, companies will take a serious revenue hit if they fail to keep up with the crypto adoption trend.
It'll be a matter of time before the lines between physical and virtual casinos blur. Physical casinos like those on the Vegas strip will likely increasingly adopt technologies that push their operations online, especially after this pandemic hit.
Nobody wants to carry around a chip or even a card anymore in a physical casino. And with the inevitability of virtual-physical casino integration, companies will take a serious revenue hit if they fail to keep up with the crypto adoption trend.
I've been wondering what's been holding back real world casinos from adopting crypto? It is because they fear a government crackdown? Or because of crypto's volatility? With how popular crypto/Blockchain tech is right now, there should be at least one physical casino you can go to and place your bets with crypto. Thoughts?
1 - real world casinos operate by law, so to accept cryptocurrencies they would need to look at regulatory issues
2 - real world casinos have a customer base that probably doesn't know about cryptocurrencies, they are people who feel pretty good about using fiat, so casinos would have to have a solid customer base that likes cryptocurrencies in order for the casino to place cryptocurrencies
3 - the real world casinos would have to spend money to hire an employee who would implement and manage all the infrastructure that was necessary to accept the cryptocurrencies
how they may adopt cryptocurrency i think will also need the change of games. if the traditional casinos will only accept coins like BTC in exchange for chips, it's easy to do and they can do it today.
but if they integrating games where gamblers will scan QR codes using their phones to the slot machines or to the roulettes, that's quite a work. i'd be very curious how it will work out.
I've been wondering what's been holding back real world casinos from adopting crypto? It is because they fear a government crackdown? Or because of crypto's volatility? With how popular crypto/Blockchain tech is right now, there should be at least one physical casino you can go to and place your bets with crypto. Thoughts?
1 - real world casinos operate by law, so to accept cryptocurrencies they would need to look at regulatory issues
2 - real world casinos have a customer base that probably doesn't know about cryptocurrencies, they are people who feel pretty good about using fiat, so casinos would have to have a solid customer base that likes cryptocurrencies in order for the casino to place cryptocurrencies
3 - the real world casinos would have to spend money to hire an employee who would implement and manage all the infrastructure that was necessary to accept the cryptocurrencies
Yes, for sure. If crypto currencies becomes the widely used payment medium then it is not going to be an exception in the physical casino. I heard that there are some underworld casinos are accepting bitcoin and other popular cryptos for making bets but unfortunately those things are unregulated so we can't find any information in the public domains.
There are plethora of online casinos (gambling sites) which accept popular cryptocurrencies like Bitcoin and Ethereum. This is good because you can place your bets anonymously without all of the hurdles involved with Fiat. No KYC, means freedom. The only downside is that you'll be missing the experience of gambling in a real world setting. Physical interaction is not the same as going virtual.
I think if the regulations are clear, modern offline casinos will also have the option of buying chips with crypto. right now not all regions allow crypto as a legal payment. I'm sure that many offline casinos also want to adapt bitcoin but limited by regulations because it's proven that online casinos are very crowded and in demand at this time. They definitely want to follow what is popular in casino bussiness.
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