Poll: Will blockchain casinos ever hit the mainstream?
This week we ask whether the transparency benefits of the medium are enough to attract more casual customers
Jez San’s new blockchain casino FunFair.io raised $26m in around four hours last week, making it the latest poster boy for the cryptocurrency online gambling movement.
Proponents suggest it is simply fairer. A decentralised RNG, for instance, allows all parties to track wins and losses, including affiliates who are no longer in the dark about what they are owed.
Likewise, player funds are kept in their own wallets rather than the site’s, ensuring funds are safe should a firm go under.
The unique wallet process also means deposits and withdrawals happen in minutes rather than an industry standard of two to three days.
And as the understanding and demand for cryptocurrencies continues to rise, proponents argue more and more gamblers will want its comparative security.
That said the vast majority of gamblers are currently happy with the online casino system as it stands and would be uncomfortable transferring their cash into a currency they don’t really understand.
The anonymous nature of many cryptocurrency transactions could also generate problems for firms working with AML procedures and the like.
With that in mind, this week we ask if blockchain casinos will ever truly hit the mainstream.
Have your say below.