How Will Blockchain Affect the Gambling Industry

Matchedbet Hub
2 min readNov 4, 2021
How Will Blockchain Affect the Gambling Industry

The word “Blockchain” may not sound as familiar as cryptocurrency is, so when we want to talk about blockchain, we first introduce cryptocurrency. This will help you understand that we are not alien here; we’re talking about one of the loudest names in the financial world right now.The cryptocurrency was that new kid on the block some 10 years ago that nobody hardly knows, the gentle kid on the block that other kids did not trust, but who after some years became the most famous and wanted a kid. Every industry now talks about cryptocurrency in technology, finance, science, education, including the gambling industry. The mention of cryptocurrency will tag along with the most popular coin (a form of cryptocurrency), Bitcoin. Bitcoin has generated a lot of news in recent times, especially with the make rich information synched along with it. You will want to know the place of bitcoin and cryptocurrency in all of these, right? What most people do not know is that blockchain makes cryptocurrency possible. Without the blockchain industry, there is no cryptocurrency nor bitcoin. Blockchain is the fire that keeps cryptocurrency burning. We mentioned that the gambling industry is also not left out in the cryptocurrency trend. You can now find many crypto casinos almost everywhere; it means they’re becoming more popular than before. Gamblers now stake and withdraw using bitcoins. Some of the standard means of payment and withdrawals have been open to bitcoin transactions.In

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