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The rise of Cryptocurrency – the future of online casino? 

Cryptocurrency

When Charles Fey rolled out his Liberty Bell slot machine at the end of the 19th century, there was no way on earth he could have predicted what was to come. He knew, of course, that his idea was a good one and that it would be popular, but it seems that even he was surprised at the speed at which people decided they liked what he was doing and wanted more and more and more.

So when you think about all the changes and advancements that have taken place in the intervening 100 plus years, you’d be forgiven for barely recognising the slot machine anymore. Of course, it’s still played in roughly the same way (with a few tweaks here and there) but how the games at www.cozino.com/de look and where they can be played, for example, have changed dramatically.

Most players these days play their slots – and other casino games – online. They can even do it on the go thanks to mobile apps and games, so if this is what they enjoy doing, they can do it whenever and wherever they want to.

Although internet gambling might look as though it has to be the biggest change in casinos to have been produced, the truth is there are many more – including how you might want to pay for your game. In fact, this is something that has been the subject of discussions and reviews for a long time now, and finally some answers are happening.

Cryptocurrency is a good example of this.

What Is Cryptocurrency?

If you’ve heard of bitcoin (and who hasn’t?) you will have heard of cryptocurrency. Bitcoin, famed for making millionaires overnight – literally – is a type of cryptocurrency, although there are many more than just this most famous one.

There is no physical version of cryptocurrency. There are no notes and coins. It is all virtual, all done online, which is why so many people like to use it for their online purchases – it’s just easier that way. But it’s also safer. Cryptocurrency is, as the name suggests, highly encrypted, and therefore it is far more difficult for hackers and online thieves to get into anyone’s e-wallet than it is for them to get into someone’s bank account. Gamblers feel a lot safer using cryptocurrency than any other payment method.

It is also anonymous. There is no need to include name and address when playing with cryptocurrency. Again, this makes people feel that much safer when it comes to paying for anything online, or leaving their contact details where potentially identity thieves could find them.

Using Cryptocurrency at Online Casinos

Cryptocurrency being used at an online casino is not something that comes from the realms of science fiction and the ‘future’. It is happening right now, and because of that, and because of the demand for it, this means that more and more online casinos are waking up to the idea that this is something their clients want.

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