One of the hottest topics in the tech world is still cryptocurrency. The role of cryptocurrencies in the gaming industry is becoming the most prominent payment alternative in the market. As of today, most cryptocurrency providers have not quite accomplished their full potential, yet the industry is on its rise.
Many digital giants have continued to bet on changing and modifying the current landscape of the gaming industry. Now it’s all about offering the most attractive NFL Stats, but also about offering the best payment services for all players and bettors.
Evident Sports League Resilience
Authorities have only truly felt resistance to cryptocurrencies. Still, with a market gradually opening to accept new digital solutions, the only recent resistance levels encountered by most leagues have been major sporting authorities.
For instance, some leagues, such as the NFL, have placed stringent restrictions on how teams deal with cryptocurrency providers. These regulations have gone as far as blocking major transactions between parties in the industry.
Some have seen this resistance as unfavorable. Yet, for most cryptocurrency providers, it’s natural that all parties approach new technologies as a medium to hold control over certain aspects of the industry, which they have always had a tight grip on.
To most experts, it’s only a matter of time. Even some of the strictest league regulations will tend to bend once the financial benefits and gains of coming into business with major cryptocurrency providers begin to outshine all potential challenges.
Demand Exceeds “Risk”
It’s believed that credit and debit cards jumped into disrupting the financial world. Indeed, that is what cryptocurrencies are intending to do. To most tech providers, there has been a recent urge from some of their most loyal gaming industry clients to constantly enhance their overall payment platforms.
Cryptocurrencies offer a new and sophisticated way of approaching payments. So why would there be resistance? Unfortunately, there will be more questions than answers at the end of the road like any other new technology.
Still, the story is very much set for those clients, players, and bettors who have and continue to favor cryptocurrencies as their prime payment method. More than 80% of users who have dealt with cryptocurrencies in the gaming industry have shown their interest to remain constant with the trend.
In other words, there have been no evident reasons to change payment methods when everything becomes functional and simply more accessible. Yet, sometimes, clients can impose these trends on industries that lead to inevitable change.
Easier, Faster, and Safer
Technology is here to facilitate people’s lives. That means easier, faster, and safer solutions. To most tech experts, cryptocurrencies have accomplished them all. However, there is still a lot of doubt about why some parties have ongoing resistance.
Cryptocurrencies have made the entire transaction process easier. First, there is no direct link between cryptos and cash, debit, or actual currency at the time of making a transaction. Once virtual wallets are all set up, it’s all ready for users to start making their transactions in these new forms of currency.
Given that cryptocurrencies don’t function with any specific payment providers, the process of transferring money is just plain faster. Moreover, with no need for additional data and under the blockchain framework, cryptocurrencies have achieved what very few solutions have; to cut out all middlemen.
When there are third parties involved in the process, everything can just be done faster. That means that payments can be made almost instantly. So the question remains why anyone would favor a credit or debit card once they cut down on all intermediates and even save a few bucks with fees and interest.
Finally, what if cryptocurrencies were genuinely bulletproof? They are currently among the safest payment methods in the world. However, with apparent security breaches, the question remains. Perhaps skeptics need to look further than their questions and focus on plain evidence.
