In recent years, the entire American online casino landscape has gone through a fantastic metamorphosis for the better. Especially in the past four years, the world of online casinos perhaps leaped frog for ten years. A great part of this is the rise of the social casino sector. A growing animal in its own niche, social casinos continue to take things to the max with the continued inclusion of cryptocurrency. This article highlights the wonders of the budding relationship between social casinos and the growing integration of cryptocurrency.
Why Are Players Turning to Social Casinos?
The question, better phrased, is why wouldn’t players turn to social casinos? In a short span of about five years, social casinos are quickly becoming the new face of online gambling. In the US, the online casino boom began in 2012 and has been on a fantastic ride ever since. While the world and, especially, America was dealing with the fallout of the global shutdown in 2020, traditional casino players needed a way to get their casino game fixed, and played online.
As magnificent as real money online casinos are, they are only currently available in seven states, which creates quite a void for the rest of the country to jump into the amazing online casino action.
To counter this, social casinos continue to come online tremendously. In fact, most new social casinos are available in over 45 states, covering many areas and working to fill a growing void among online casino players.
Cryptocurrency as a Growing Payment and Redemption Solution
When sweepstakes casinos first came online, it was tough sledding with the payment options. Even though the trademark for social casinos is that they don’t accept cash bets, they do offer plenty of gold coin packages. Historically, social casinos only accepted credit cards.
The problem with credit cards is that a great deal of financial institutions don’t take them highly for betting and gambling. As a result, far too many get flagged. To encourage their members to buy at will and with peace of mind, the new social casinos are growing their cryptocurrency options.
Because crypto runs on a decentralized blockchain technology, it doesn’t have to go through traditional financial institutions for approval. The results mean a nearly 100% success rate for buying gold coin packages. It also means it happens with instant approval. Buying gold coins is essential for social casino members to play free games, unlock exclusive gold coin games, and move up the social VIP club for more long-term games.
However, the true glory of cryptocurrency in social casinos is through the redemption process. Some players might not want to go through the redemption process for gift cards but rather for cash prizes. Because most sweepstakes casinos convert sweepstakes coins into cash, cryptocurrency is the prime target for this process. Depending on the amount, it’s possible that social casino members can receive their converted sweeps coins into cash on a 1:1 basis.
Future Outlook
With more sweepstakes casinos incorporating cryptocurrency, look for more social casinos to incorporate them into their payment and redemption processes. Together with the mass availability, it almost becomes a grand slam using crypto at social casinos. As social casinos continue building their exclusive games, look for crypto and blockchain to eventually become part of the social casino game process.
