The addition of cryptocurrencies in the online casino industry is more significant than you might think. While it might seem simply like another alternative payment method, the fact that different digital assets can be used means that new ways of moving funds are making life easier for players.
Jiggle Makes Bitcoin Deposits Simpler Using a Smartphone
It’s no surprise that Bitcoin (BTC) is widely used by casino players around the planet. By far the biggest digital currency, it offers deep liquidity and can be easily bought or sold online at virtually any exchange. The decentralized Bitcoin network has never been hacked, with any potential 51% attack needing to dedicate an unreasonable amount of computing power to gain control of the network. This makes it an incredibly secure choice.
However, one issue that has confused some users is the need to copy and paste a long wallet address for each transfer. This adds an element of uncertainty when moving money, as it is natural for users to worry that they may have made an error when copying the address. Just one wrong or missing digit would mean that the money goes to the wrong wallet or gets lost on the way.
The option to play Bitcoin slots using the Jiggle method makes life easier. It’s a way of sending BTC from a self-custody wallet using a simple link where you verify your identity and then make the payment. It’s the sort of intuitive process that feels right for anyone who is used to sending money from their mobile device using apps like PayPal and Venmo.
Traditional BTC transfers go through once the next block has been confirmed, which can mean a wait of ten minutes, or longer during busy periods. With the Jiggle process, a specialized execution layer means that transfers go through almost instantly. This allows users to send funds effortlessly and swiftly, even from a mobile device, and start playing with real money right away.
Tether Suits Digital Nomads and Remote Workers
The emergence of Tether (USDT) in 2014 led to a new way of handling digital cash. This leading stablecoin has a price that’s pegged to the US Dollar, meaning that there is none of the price volatility associated with other digital assets.
It rapidly became a popular choice among digital nomads who want to retain a store of value that could easily be converted into fiat currencies as needed. With near-instant cross-border payments, it has also helped companies that are looking to pay their remote workers anywhere in the world without having to worry about currency conversions and expensive bank transfers.
A digital nomad who moves between countries in Asia or Latin America no longer needs to worry about switching between pesos, yen, or other fiat currencies every time they land in a new country. With a wallet holding Tether, they have instant access to liquidity that can be accessed virtually anywhere in the world, and each token is always worth $1.
In terms of playing casino games, this token is also highly useful thanks to its stability. This means that remote workers who spend a lot of time online might decide to use it for gambling, with no need to carry out any sort of conversions first. The lack of price volatility provides a useful balance if they want to play highly volatile games like slots, while it can also be viewed as a sensible choice for anyone looking to play low-volatility games like baccarat using a steady bankroll.
A Range of Other Tokens for Different Use Cases
It’s clear that not everyone has the same needs when looking for the perfect crypto to use in a casino. While some people will be happy to quickly use the Jiggle process to send BTC from their mobile device, and digital nomads may feel more comfortable with USDT, we also need to consider the other types of players who could benefit from other advances in the blockchain.
A good example comes from Litecoin (LTC). This was the second crypto to be created, after Bitcoin, but it has been reinvented in recent years as a privacy-focused coin, thanks to new features being added to it. While it was originally built to be a faster and lighter alternative to BTC, the addition of the MimbleWimble privacy protocol in 2024 means that it’s now a solid choice for anyone who wants to keep their transactions as private as possible.
Bitcoin Cash (BCH) is another popular choice. This token was created in 2017 as a BTC spin-off. While it hasn’t received as much publicity as the original Bitcoin since then, it attracts a certain type of user who looks for efficiency and low fees. The idea behind BCH was to have a faster and cheaper network, which has arguably become even more important now that we use cryptos for a wider range of activities.
These features help us to understand how cryptos are now ideal for many different types of players looking to play casino games in a way that suits them.
