Can Cryptocurrency Help Indian Players Access Casino Gaming?
The cryptocurrency industry has tried to work alongside others in a bid to grow awareness and ultimately attract new players. The gambling industry has been receptive on the whole to cryptocurrency, so much so that we have seen a few crypto only betting sites and casinos appear.
An area where this can help is with players who are playing in a country but have to use a casino that is in another country. Some of these will accept local currencies and payment methods, but not all, and this means currency conversions and bank charges for this.
That doesn’t happen when you play with types of cryptocurrency. Being a worldwide currency and not requiring a bank to convert anything means that you can play without charges and without the need to convert money.
The Growth of Indian Casino Gaming
We are seeing a real boom in India right now with casino gaming, with many players joining in. However, the way in which the Indian gambling laws work means that players have to go and find a casino service that is located away from India but is open to Indian players.
This means that some people are put in the position above where they are playing with a company that works in a different currency and may require money to be exchanged as part of the deposit process.
Not all casino providers are like this, which is good for competition in the country. If you are interested in finding out what each service offers then a site like Luckydice explains how casinos work and what they offer to players, including how payments are accepted there.
For as long as the current Indian gaming laws remain in place, those who want to play will have to look for companies that are based outside of India. Not every time, but sometimes this will mean confusion with payments, potential for currency exchange to be needed, and worst of all, fees to be paid. Cryptocurrency takes all of this away, so could prove to play an even bigger part in the future, if more people from India decide to get involved with casino gaming.
The Future of Crypto Gaming
Situations like the one in India, where crypto offers a strong solution to problems, is how the crypto industry is going to thrive inside gaming. Elsewhere, it is an alternative with few benefits when compared to other payment methods on offer. In India, and other smaller nations, it is a solution, so these are the countries that crypto providers should be targeting, in a bid to grow the number of users.
The hope will be that crypto gaming can go all over the world, and eventually be an option in every single country. For now though, focus needs to be in specific areas, so that these can grow and improve. Get this right, and cryptocurrency casino gaming is going to be a real help to many people, including those in India.