Welcome to the era of cryptocurrency; where a cashless culture is increasingly becoming popular and is also being assimilated in more modern settings -the latest one being the gambling industry. Bitcoin gambling continues to grow with the fastest growing bitcoin gambling at CoinRoyale.com.
In fact, since bitcoin was introduced in 2008, it hasn’t made much impact in other industries compared to the unprecedented ripples it has stirred in gambling dens. The latest statistics show that by the end of 2014, 40% of all Bitcoin transactions were linked to gambling and gambling affiliated activities.  So, it seems that even though this digital currency was initially introduced for the purposes of online commercial trading, it has ended up finding more use in an entirely different avenue.
Nonetheless, while the past of Bitcoins use in gambling has been rosy, one wonders what the future holds for this and other upcoming digital currencies. Well, as far as gambling is concerned, Bitcoin has proven to be the proverbial oasis in a desert. Unlike fiat currencies, Bitcoin transactions are relatively anonymous and can rarely be traced back to one’s bank account. It takes an extremely skilled cryptocurrency detective to track a single digital coin back to the original owner after it has changed hands on a gambling platform.
Besides, most transactions in bitcoins are typically free or almost free. Thus, gamblers and online casino enthusiasts can squeeze more juice from their bucks and get more return on their investment by waging using the digital currency. Additionally, the digital nature of this cryptocurrency renders trading easier as deposits and withdraws can now be done instantly. No longer do players have to wait for their cash to be authenticated before being allowed to place bets.
Finally, the introduction of numerous Bitcoin ATMs around the world that graced the opening months of 2015 means that those without access to online banking systems can now access internet gambling sites using the digital currency. All other factors held constant, this alone is set to perpetuate the industry even further.