Will Crypto Gaming Be The Norm In The Next 10 Years?

Crypto’s uses are much-discussed, and it has made a big imprint on the world of gaming. But does it really have the capacity to become a mainstream gaming choice in the next decade? That’s the big question for a lot of would-be users, trying to decide whether it’s worth making the swap and handling the learning curve.

We’re going to look at the top reasons we think crypto gaming could be the norm - or at least mainstream - within the next 10 years. With about 562 million people owning crypto now, this space is certainly intriguing.

Gaming Platform Incentives

A lot of gaming platforms are keen for their users to start paying for games with crypto. There are quite a few reasons for this! Firstly, it costs the platforms and the users less in fees because they don’t need to pay money to any middlemen. Cut out banks and payment services, and you’ve suddenly got a much cheaper operation model.

Many platforms are choosing to pass at least some of the savings on to their users. This often results in better currency rates in-game, or sometimes bonuses for signing up with crypto. For example, you can get a Cafe Casino crypto bonus for playing with crypto, allowing your funds in a game to stretch further and giving you more playtime for your money. Such platforms also tend to have better signup bonuses for players using crypto, creating a win-win situation for everyone.

The other advantages include increased security and improved speed - both of which are great ways for gaming platforms to bump up their customer satisfaction levels. Players using crypto are less likely to feel worried about their personal details being compromised, since major cryptocurrencies are famously secure, and they’re more likely to have a fast, seamless experience because most cryptos transfer within minutes.

To expand on that point, it’s worth understanding that you will generally need to wait for several block confirmations to happen before your funds actually move - this is the validation process that many cryptos depend upon - but with many coins, this can happen within minutes. Ethereum, for example, often averages about 6 minutes per block, while Bitcoin blocks are created on average every 10 minutes.

Players don’t need to understand the ins and outs of this; it’s usually sufficient to recognize that crypto tends to be faster, cheaper, and more secure than fiat payments. All of these elements are likely to push gamers toward crypto in the near future.

International Payment Options

The next reason that crypto could easily become our go-to gaming option is that we live in an increasingly borderless world. The internet has made a nonsense of many of the traditional barriers, and fiat currency is struggling to handle that. When you can access games across the world, it’s frustrating to have to deal with regency blocks, currency conversions, high transfer fees, delays, and all the rest of the irritations that come with sending money abroad.

With cryptocurrency, that’s all eradicated. Crypto is borderless. It can be used anywhere. It’s pretty much free from restrictions. Given the international nature of gaming in today’s world, that’s a match made in heaven, and is only likely to become more significant as internet-savvy users turn to crypto and talk to their friends about it. We’re likely to see a bit of a snowball effect here - the more people begin using crypto for its international benefits, the faster other people are likely to learn about it, engage with it, and use it themselves.

More Anonymity

We touched on this above, but let’s dig into it now. A lot of gamers are tech-savvy. A lot realize that plastering their personal information across the internet and multiple gaming platforms isn’t all that smart. They’re looking for alternatives, ways that they can still enjoy their favorite gaming experiences without having to broadcast who they are, what they’re doing, and how much they’re paying for it to third parties like banks.

Crypto offers precisely this. Because it’s not owned by any entity, there’s nobody tracking your data or watching how often you’re paying to play poker or buy extra credits in your new favorite farming simulator. While most of the mainstream cryptocurrencies don’t achieve total anonymity, they do eradicate a lot of the data, and some of the coins out there now are turning their focus to taking this even further.

This is an important distinction to make; Bitcoin and many of the coins like it are pseudonymous, rather than fully anonymous. It can be tracked, but for most individuals, the layer of privacy it adds is just fine for casual gaming.

So, Will Crypto Take Over?

There’s no guaranteeing how a world like gaming will unfold, but all the current trends - plus pure common sense - point toward crypto becoming a huge player in this space. Fiat’s not likely to disappear in the next decade, since it’s so widespread and a lot of casual gamers won’t want to bother with the hassle of cryptos… but for serious and tech-savvy gamers, there’s no question. Crypto is the way forward.

***

DISCLAIMER

The views, the opinions and the positions expressed in this article are those of the author alone and do not necessarily represent those of https://www.cryptowisser.com/ or any company or individual affiliated with https://www.cryptowisser.com/. We do not guarantee the accuracy, completeness or validity of any statements made within this article. We accept no liability for any errors, omissions or representations. The copyright of this content belongs to the author. Any liability with regards to infringement of intellectual property rights also remains with them.