What is the Future of Cryptocurrency on Online Gambling Sites?

A decade ago cryptocurrency was almost unheard of, as a newly developed method of payment it was only really utilised by the most tech savvy internet users or sometimes by people making illegitimate purchases on the dark web.

However, in recent years cryptocurrency has taken the world by storm, quickly becoming noticed and utilised by businesses and consumers from around the globe. The opportunity to make secure, anonymous transactions quickly and with much lower fees has gained interest from many companies, particularly those in the online gambling industry.

But what is cryptocurrency and why are so many online gambling sites adopting it as a new payment method?

Cryptocurrency: The basics

Put simply, cryptocurrency is digital money that is transferred from person to person electronically. Cryptocurrency is decentralised and runs on a network of computers that verify each transaction, unlike other currencies that are secured by third parties such as banks. While regular currencies are…