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When will crypto take over the gaming industry?

When Bitcoin was introduced as the world’s first cryptocurrency back in 2009, the number of people who believed in this digital asset was very low. More than a decade later, Bitcoin and many other cryptocurrencies have taken the global financial industry by storm.

In 2021, they had a massive breakthrough which is why many analysts and experts believe that crypto is the future of payments. After all, the number of industries that grew fond of them has risen and these days, many of the world’s most reputable global brands accept payments in crypto.

Not only that but there is one industry that has been a vocal crypto supporter in the past couple of years – online casinos. Considering the fact that these gaming sites operate online, cryptocurrencies are fully optimized for completing payments at these platforms.

With that being said, we wanted to take a closer look at this case and see when will crypto take over the gaming industry.

The current state of online casinos and the gaming industry

Let’s start with online casinos, which are the biggest trend in the gaming industry. Thanks to their fantastic services, millions of people are registering at these sites to play the latest games, which are created by the world’s most reputable providers.

At the moment, one of the most secure and most commonly used payment methods at online casinos is Zimpler. That is why players are always on the lookout for reputable and trustworthy Zimpler casinos. The registration process at these sites is fast and very simple.

As for the rest of the gaming industry, paying for games with cryptocurrencies is becoming an everyday thing for players. Not only that but there are special crypto games that people can play and make money. One of those games is Axie Infinity, an NFT-based game that can win them real-money rewards. Just a reminder, NFT stands for Non-Fungible-Tokens.

Why players are fond of cryptocurrencies?

The most common reason why players are fond of cryptocurrencies is that they provide them with safe online payments. We all know that cryptocurrencies are based on blockchain technology, which is a decentralized network.

Thanks to cryptography, all crypto users gain a certain level of online anonymity, which boosts their overall security to the next level. Not only that but there’s one major difference between crypto and regular payment methods such as credit and debit cards.

When making a game purchase with a debit/credit card, or a withdrawal at an online casino, the funds are instantly taken away from your account, but banks need a few days to process them, meaning that the other party will have to wait to receive the money, making the process inefficient.

That is not the case with crypto – every transaction with these digital assets is instant and secure. That is why many experts label cryptocurrencies as the most efficient online payment method.

When will crypto take over the gaming industry?

As for the future of crypto in the gaming industry, many analysts are convinced that they will take the said industry over. Why? For the reason we just mentioned – they are far more efficient than regular payment methods.

Furthermore, the development of games such as Axie Infinity will increase. After all, these games can be extremely profitable to those that are familiar with their gameplay.

In many cases, developers are including rare initial cards in NFT games that can only be obtained for a limited period and players will always be on the lookout for new games that they can try and eventually, make money.

The two nearest projected years for when the gaming industry will be revolutionized by crypto are 2023 and 2025.