Topic: Will there be physical casinos operating with cryptos in the future? - page 4. (Read 821 times)
July 15, 2019, 07:41:23 PM
This is going to become a good casino of the future where a lot kf crypto enthusiast playing in one room, though the risk will be more higher since we know cryptocurrncy are getting so much attention from the public so I guess all eyes to the hodlers. It would be great if we still remain anonymous on that casino.
July 15, 2019, 07:25:14 PM
I think there is a possibility that physical casino will use cryptos in the future when the demand is high, and as we all know that crypto is becoming popular these days so its not possible that it will be used and embraced by physical casinos.
There is high possibility of that situation. Now that a lot of online casinos are integrating crypto as their payment system, physical casinos will follow thru this kind of system. By the way, your last statement is contradicting with your first statement.
July 15, 2019, 06:27:14 PM
I don't find it likely in the near future either. Crypto adoption as a whole's still progressing pretty slowly as a whole at the moment, with relatively few physical stores and services in general accepting cryptocurrency. IF the casinos were to start accepting a stablecoin like USDC or USDT, this could help out with the volatility issue, but I don't find it likely volatility's going away with non-stablecoins anytime soon.
July 15, 2019, 05:14:13 PM
I'm sure there will be physical casinos that use blockchain technology for things like proving the fairness of their games and sharing data between their branches for multiplayer games.
However, I doubt they will start accepting cryptocurrencies soon, simply because their volatility can immediately wipe out the house edge, unless there is a permanent exchange similar to forex.
However, I doubt they will start accepting cryptocurrencies soon, simply because their volatility can immediately wipe out the house edge, unless there is a permanent exchange similar to forex.
July 15, 2019, 02:40:35 PM
No difference at all to the purpose of why people go in a physical casino.
The only advantage here is, people, if run out of funds in fiat can use their crypto directly without a need of converting it to fiat.
I don't see why it should be considered as one of the future plans by the casino owners. Maybe someday, who knows.
The only advantage here is, people, if run out of funds in fiat can use their crypto directly without a need of converting it to fiat.
I don't see why it should be considered as one of the future plans by the casino owners. Maybe someday, who knows.
There are differences, and some people may be interested in a physical bitcoin casino.
For example, I live in Brazil and my local currency is BRL. If I go to Las Vegas, I have to convert my BRL to USD, which is a very cost operation (usually I lost 2-7%, depending os the conversion method).
If I could just play with BTC, I wouldn't lose this 2-7%. I could spend more money in the casino, would not pay all those useless bank fees and taxes.
It would be good for customers and for the casino.
This is a real and good example for using cryptos in a casino, you don't have to convert your money to the local fiat money
Another situation:
It's possible to imagine some situations where a casino can take advantage using cryptos to avoid some taxes, something like that, I don't want to talk about illegal stuff, but there are breaches that people can take advantage
July 15, 2019, 02:37:26 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.
July 15, 2019, 02:30:59 PM
No difference at all to the purpose of why people go in a physical casino.
The only advantage here is, people, if run out of funds in fiat can use their crypto directly without a need of converting it to fiat.
I don't see why it should be considered as one of the future plans by the casino owners. Maybe someday, who knows.
The only advantage here is, people, if run out of funds in fiat can use their crypto directly without a need of converting it to fiat.
I don't see why it should be considered as one of the future plans by the casino owners. Maybe someday, who knows.
There are differences, and some people may be interested in a physical bitcoin casino.
For example, I live in Brazil and my local currency is BRL. If I go to Las Vegas, I have to convert my BRL to USD, which is a very cost operation (usually I lost 2-7%, depending os the conversion method).
If I could just play with BTC, I wouldn't lose this 2-7%. I could spend more money in the casino, would not pay all those useless bank fees and taxes.
It would be good for customers and for the casino.
July 15, 2019, 02:03:36 PM
Have you ever think about his? What is you opinion guys?
They can integrate crypto payments on buying up chips but talking already on replacing those arent that possible unless if there's a higher demand then
it might be considered but its too early to say for now.
July 15, 2019, 01:35:41 PM
It’s just like crypto in general, as time elapses we’ll see more & more use for crypto in more mainstream industries. It’ll take years but eventually crypto will be everywhere.
July 15, 2019, 01:34:18 PM
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 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?
No difference at all to the purpose of why people go in a physical casino.
The only advantage here is, people, if run out of funds in fiat can use their crypto directly without a need of converting it to fiat.
I don't see why it should be considered as one of the future plans by the casino owners. Maybe someday, who knows.
July 15, 2019, 01:19:07 PM
This is impossible due to the regulatory frame is most countries.I don't think it's necessary.The online crypto gambling industry is going just fine and most of the crypto gambling businesses are registered on offshore island countries with very liberal financial and gambling laws.Obviously it's not worth it to just go and play in a real crypto casino located in Malta,for example. 
July 15, 2019, 12:41:16 PM
Using crypto directly to their games? I think for now it won't but we don't know what's the possible cause in the future. I agree that it can be used to purchase credits or sort of coins for their gamblers but it won't be able to gamble directly.
Although I've seen people on social medias posting and looking for people who has bitcoin and they told that it will be used for gambling on a physical casino. I didn't have the chance to know the whole story on how and why they are looking for that.
Although I've seen people on social medias posting and looking for people who has bitcoin and they told that it will be used for gambling on a physical casino. I didn't have the chance to know the whole story on how and why they are looking for that.
July 15, 2019, 12:40:41 PM
As the cryptocurrency acceptance around the world have increased tremendously we've got more chances of physical casinos with cryptocurrency acceptance at present somewhere around. When years pass surely the gambling industry offline will also be dominated by the cryptocurrencies same as that we have with the online gambling access.
July 15, 2019, 12:37:44 PM
Maybe some casinos already accept cryptocurrency payment to buy chips / gaming chips / casino tokens. I don't think replacing these "icons" would be a good idea because it won't feel the same...
You should watch more Hollywood movies mate.
You should watch more Hollywood movies mate.
I know they use tokens and it's part of the fun
But for example, there are another casinos that have some kind of games that allow to pass a card with money here in my country
July 15, 2019, 12:29:40 PM
Maybe some casinos already accept cryptocurrency payment to buy chips / gaming chips / casino tokens. I don't think replacing these "icons" would be a good idea because it won't feel the same...
You should watch more Hollywood movies mate.
You should watch more Hollywood movies mate.
July 15, 2019, 11:55:20 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 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?
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