Cryptocurrencies are taking the world by a storm. Be it the quick money transfer across nations, or the payment of various services, cryptocurrencies are fast becoming the new pillar of financial services. In the wake of large number of companies allowing cryptocurrencies, how can gaming companies be left far behind? Today, you can find many games cryptocurrencies support. Let’s have a look at how cryptocurrencies are reshaping the gaming world and what all is transpiring into this sector. Who knows, may be tomorrow you will be one of those earliest adopters of cryptocurrencies in gaming world? Aren’t you excited to learn more about it?
Why cryptocurrencies in gaming?
The rise of cryptocurrencies in the gaming arena is not much of a surprise. The online gaming industry is estimated to touch a worth of $23 billion by 2020. There are a lot of games in which players around the world converge to seize thee bounty. This is where cryptocurrencies can make a mark.
The improvement in the security of cryptocurrencies is the prime driver of this trend. There was a time when safety of transactions used to be an issue. But with the recent improvements in technology and efforts of technologists around the world, things have changed for the better.
- No centralized platform
People are fast adopting games cryptocurrencies can pay for. There is no centralized platform for conducting the Blockchain transactions. This makes payments faster and without hassle of intermediaries.
How is cryptocurrency used in gaming?
Many online games have the concept of players betting on themselves. When a player wins, he collects bounties of cryptocurrency. eSports and iGaming are two portals where you will see the actual power of cryptocurrencies working.
If you are avid gamer and want to make big money online, you need to ride the cryptocurrency wave soon.