Will there be physical casinos operating with cryptos in the future? - page 3.

TravelMug

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Quote from: rdluffy on July 16, 2019, 07:16:41 AM

Really like to know your thoughts guys, very interesting

I'll add another situation here

You can have all money you want to gamble in your hardware wallet for example, and you can travel to the casino's country without have to carry a lot of money
If you win on casino, you'll get all the money in cryptos and again, in your hardware wallet, simple

I'm liking the idea dude. I mean you can just bring your hardware wallet an plug it in and then continue to play. The only downside I'm thinking is that how secure when you exited the physical casino.

There could be some bad actors just waiting for the right target and steal all your crypto once you get out of the casino. There are already multiple reports in fiat based casino. So it will be dangerous as well, specially if you have been identified to have won huge amount of crypto specially bitcoin.

rdluffy

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Thanks for sharing your thoughts guys, very interesting

I'll add another situation here

You can have all money you want to gamble in your hardware wallet for example, and you can travel to the casino's country without have to carry a lot of money
If you win on casino, you'll get all the money in cryptos and again, in your hardware wallet, simple

jakelyson

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Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

I do not think that is practical at all. Chips will stay as a standard on any casino because it is easier to count and stack. It just feels great if you can see a large stack of chips on your table.

But cryptocurrency can still be integrated to any casinos. Casinos can accept crypto as payment for chips. If I am a gambler, I rather have my winnings in crypto so no one can steal it away from me when I walk out the establishments.

proTECH77

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Quote from: o48o on July 15, 2019, 01:37:26 PM

They'll start to accept it when the demand is high enough. Gambling in real casinos is more of a social gathering to me, having fun with some friends, drinking at the bar and playing games. If they would accept crypto in casinos they would be even more attractive.

The future is undetermined and holds uncertainty, so, we should watch out what the future hold for the cryptocurrency community in regard to physical casinos accept the use of cryptocurrency. Definitely we shall see many other things as the world adopt the cryptocurrency in general.

emberbekas

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The sensible thing about crypto use in traditional casinos is when users will buy chips. Instead of using fiat, they can buy it with crypto. But all will depend on the casino owner whether they are interested in applying the method or not.

lienfaye

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Its possible to happen but it depends on how popular the cryptocurrency in the particular country.

Casino owners might consider using crypto for purchasing chips if crypto is popular there and many people are already aware of its existence. This is good for crypto enthusiasts because we dont need to use fiat to be able to buy chips.

However because of the volatility of crypto it will take time for them to consider or if they see an advantage if they use crypto.

Kasabus

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When crypto is widely accepted, I have no doubt casinos will began accepting it, that would be additional to their payment option and it could attract more gamblers especially the crypto enthusiast. They are operating to make money so they have to cater everyone's needs and demands to satisfy a gamblers.
When I say widely accepted, I'm expecting it's widely regulated as well, and less risk when it's regulated.

iMark

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Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

At this time the physical casino uses a kind of coin for payment then exchange it into fiat money when you finish playing. but in my opinion it will be complicated, what if you buy lots of coins and get big win, how you will take it? using crypto will be much simpler, just use QR in the gambling machine and you can play, I'm sure there will be that system at the casino in the future

ryzaadit

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The payment went buying chips from the casino could be can using a cryptocurrency, its always using a chip depending on the TOS from the casino.

Quote from: Lakai01 on July 16, 2019, 12:11:31 AM

Hopefully it wont. Imagine you sitting at the table with stacks of LTC and BTC chips in front of you and mistaking a BTC chip instead of an LTC one to bet. Thousands of dollars gone in no time Wink

To be serious: it would be very difficult to handle for casinos (exchange rates, comperability of the coins, ...) and has simply no advantage to traditional chips

It could be cant, because the address of Bitcoin with Litecoin its cleary different. Went you sending the fund, see the front the address using letter L you should recognize that address of Litecoin, not Bitcoin.

Lakai01

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Quote from: panjul07 on July 15, 2019, 08:51:56 PM

Physical casinos usually using "chips" on the game and it is usually in terms of fiat money (mostly USD) something like 1chip for 1usd. It is very possible to see that people can buy the chips with crypto but changing the chips into (maybe) bits or mbtc wont come true in the near future because of the unstable price.

Hopefully it wont. Imagine you sitting at the table with stacks of LTC and BTC chips in front of you and mistaking a BTC chip instead of an LTC one to bet. Thousands of dollars gone in no time Wink

To be serious: it would be very difficult to handle for casinos (exchange rates, comperability of the coins, ...) and has simply no advantage to traditional chips

jake zyrus

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There's a possibility it will happen in the future. If more people recognizes crypto and wants it, it would more likely to happen. Physical casinos would probably accept crypto if there's a high demand. Or maybe in the future, a casino who is willing to operate with crypto would open

Cherylstar86

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Physical gambling club should seriously think about tolerating crypto to buy their tokens on the off chance that they will have plans for exchange, if ever Casinos will utilize it in exchanging other FIAT Currencies. On chances that they can utilize it for their loaning administrations the cash will stream quick and crypto probably won't be appropriate for this, because of the volatile character of crypto. Since clearly the primary thing that they will consider is it's value instability, compared with fiat physical casino operation.

shoreno

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i see this question the same as " will there be a store that will accept crypto payments ? " . the answer totally depends on what country your living , on some countries the cryptos were fully legal and most people are already using it whether on stores or on a gambling casino . the numbers of establishments that accepts cryptos is lower so far because cryptos are yet starting but as soon as it gets popular , the numbers of those establishments that accepts cryptos will also increase .

ralle14

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I remember someone sharing a photo of the physical casino accepting Bitcoin so it's already possible and there's still lot of people who are gambling with different cryptocurrencies. It's only a matter of time until physical casinos would start to notice its popularity and decide to add them as alternative payments.

Tipstar

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Quote from: panjul07 on July 15, 2019, 08:51:56 PM

Physical casinos usually using "chips" on the game and it is usually in terms of fiat money (mostly USD) something like 1chip for 1usd. It is very possible to see that people can buy the chips with crypto but changing the chips into (maybe) bits or mbtc wont come true in the near future because of the unstable price. But nothing is impossible in this world, maybe there will be a well known online crypto casino build their own physical casino in the future (who knows?).

Yes, most of the casino works with chips, they may allow users to buy chips using crypto but withdrawing it back to crypto is not likely as there would be legal issues of taxation and due to volatility of crypto. But who knows we might even see a real world gambling that uses bitcoin denomination as chips.

rodskee

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Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

Yes ofcourse it is possible because crypto now can convert into fiat.nowadays crypto was use as money.so if you want to play using crypto convert to local money then an able to cashout.I am sure near casino theres a lot of atm can be withdraw and play now into gambling.and I also believe that using a card like what you said card with BTC is possible to make and also using lightning processing by barcode transfering crypto to play gambling is also possible. Nowadays all are possible in this day.just wait and I know by the people who is really smart and intelligent now and by the people developing a hightech technology everything is possible for transaction of money and can be use to play into gambling.

darklus123

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One reason that a certain Casino might consider accepting crypto to purchase their tokens if they will have plans to trade it in or out. Because obviously the first thing that they will consider is it's price volatility. And if they can use it for their lending services the money will be flowing fast and crypto might not be suitable for this. Unless if Casinos will use it in trading other FIAT Currencies.

maydna

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Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

Never think about that, but that could be possible because that will makes us have different cryptos in each casino, and we can choose a different casino. That will help cryptos spread among the gamblers, and they will know that in the cryptocurrency, there is not just about bitcoin, ethereum, litecoin, dogecoin, but there are other coins too.

With the growth of technology, I think the casino will make a new improvement to their places. If there is a real casino which using bitcoin as the coin and the casino get success, the other casino will follow too.

STT

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In the future but also right now I'll be quite surprised if somewhere big or small an operator is not already accepting Bitcoin somewhere in their establishment. Just because its a crossover product and to entice in an extra audience.

panjul07

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Physical casinos usually using "chips" on the game and it is usually in terms of fiat money (mostly USD) something like 1chip for 1usd. It is very possible to see that people can buy the chips with crypto but changing the chips into (maybe) bits or mbtc wont come true in the near future because of the unstable price. But nothing is impossible in this world, maybe there will be a well known online crypto casino build their own physical casino in the future (who knows?).

Topic: Will there be physical casinos operating with cryptos in the future? - page 3. (Read 887 times)