The cryptocurrency market has grown substantially for several reasons in recent years. For some, it offers financial freedom and added income by investing, selling, or trading crypto. Additionally, cryptocurrency has become a widely accepted form of payment for many big companies. Microsoft, Tesla, and Twitch accept crypto payments for some services and subscriptions.
This makes crypto increasingly valuable and like a commodity. While its potential has been seen by the big companies, it has also been seen by the online casino industry in the last ten years. The popularisation of BitCoin certainly helped to legitimize cryptocurrency and helped to integrate it into online casinos.
These casinos have then branched out into providing cryptocurrency casino games, from classic ones to crypto slot machines, known as crypto pokies. The question is out of all of the cryptocurrency games, how did crypto pokies come to be so popular?
Increasing internet access and faster payments
Increasing internet access across the world helped to power crypto pokies as they rely on the internet. Thanks to the internet, players can play a range of crypto pokie games with increased flexibility on their own schedules, which is not the case for casino slot machines. A quick browse through online casino sites would alert you to the increasing offers of online crypto pokies for consumer demand. Additionally, payouts are much faster. Playing online makes payments quicker because the transfer process is quicker and the need for extra details for the verification process is removed.
Covid-19: the economy and entertainment.
Covid-19 saw the world shutdown and the uncertainty faced by countries across the world meant everyone had to entertain themselves inside, and so there was an increase in online gambling and the buying of cryptocurrency.
Additionally, unessential workers at the time were stuck at home and some even lost their jobs because of businesses and companies closing to obey covid restriction rules. With an uncertain economy, many people began to struggle to make ends meet. This resulted in a loss of income for many, so investing in cryptocurrency was an easy backup plan to make money remotely and legally. Some may just opt for a thrill when buying and making a profit from selling crypto because, online casinos are now allowing players to bet, withdraw and pay for their services using cryptocurrency, just like companies are.
Blockchain technology in cryptocurrency
New technological advancements have enabled a securer gambling experience with withdrawing money and transactions.
Blockchain technology uses records (blocks) to store transaction data that is connected to the other blocks and forms a chain of linked and uneditable data. This means the transactions that are made online cannot be altered, by the website or a third party. As a result, hacking or cheating in crypto pokies is essentially made impossible by this technology.
Slot themes explained
Aside from providing consumers with entertainment, crypto pokies, in particular, are appealing because of how many themed ones there are. There is something for everyone which makes crypto pokies more inclusive than other slot games.
Just like your favorite television show, the themes of crypto pokies can be categorized into genres: fantasy, sports, tradition, and culture are some of the most recognizable ones.
It’s not only the themes that are interesting but the different forms of gameplay and characters that are offered by crypto pokies. Some games ask a player to complete challenges or quests, or other missions, and simple slots may just keep the ‘spin to win’ format in place. Online casinos capitalize on the themes that are popular with their players.
Underrated reasons for crypto pokies and their popularity
Crypto pokies offer users an innovative and customizable gaming experience in a number of ways. Having covered the obvious reasons for their popularity, some reasons are not as obvious.
In covering the reward system that can be offered by some crypto pokies, the rewards on offer must be mentioned. Like slot machines, there are jackpots and large prizes to be won depending on which crypto pokies a person decides to play. Some of the machines keep the traditional slow or progressive jackpot system, but with an increased availability of crypto pokies, the player can decide which reward system suits them best.
Social interaction is also a big part of making crypto pokies popular. Slot machines are often hubs for solo gamers, but the internet has helped to create a range of online communities in which crypto pokie enthusiasts can talk, strategize and discuss games. Social media sites such as Discord and Reddit have their own unique communities available for this.
Bitcoin Forum, although a broader discussion site for cryptocurrency, has a variety of sections including a category for online gambling that is accommodating to those who love to play with crypto pokies.
With the popularity of cryptocurrency, a new wave of games like crypto pokies has blended the old with the new to create a twist on the slot machine. Combining these two things has been crucial in their popularity due to all the new incentives they offer players.