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The charm of cryptocurrencies also comes from gambling

Between metaverse and Non fungible token, there is a trend that knows no crisis and that overcomes obstacles to grab the future. These are cryptocurrencies, digital currencies that have attracted investors and developers in recent years.

Now, the new frontier that has opened up is gambling. Many online casino platforms, even in Italy, have said they are ready to take the first steps to introduce these currencies into their payments. There are many unknowns and difficulties, first of all those of European legislation and national legislation. But in the meantime something is moving, as in the case of Red Tiger, a software house that introduced, first in the market, 4 NFT as symbols of one of its slot machines. This is the first step towards a new change.

Data on the turnover of cryptocurrencies

Softwiss, a gaming production software company that works with brands such as Novomatic, Pragmatic Play, Play’n Go and NetEnt, and explained how the gambling industry is changing or will change with the introduction of digital currencies. platforms such as Leovegas, Starvegas, StarCasino and 888. What stands out in the report published on Giochidislots is above all the technological leap in the gambling sector, with a number of digital currency games increased in the first quarter of 2022 116%.

“The steady growth of cryptocurrencies in the iGaming market allows us to say that this type of gambling has become an independent and extremely promising line of business,” said Andrey Starovoitov, CEO of Softwiss. they have allowed their players to take advantage of all the advantages of cryptocurrencies have a competitive advantage, such as greater opportunities in terms of economic transactions (deposit, top-up and withdrawal) and, consequently, a wider audience ”.

Difficult regulation

The key to growing cryptocurrencies will be to update regulations and make the rules that control the market modern, practical, and secure. “As for the product itself, we can highlight what it takes to launch a successful crypto project, based on our experience: related crypto processing such as Coinspaid and crypto exchange services,” Starovoitov said.

We need laws that can protect you and safeguard your interests, prevent cybercrime, and protect your competition. A slow path, the one that promises. But that will see cryptocurrencies dominate the scene.

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