All Things Gambling on Crypto: The Big Question of When, Not If

In the latest episode of All Things Gambling, Casino Guru News’ webinar serious that set out to tackle some of the biggest questions our industry faces, our host, Denisa Vydumova sits down with CoinPayments Senior Sales Executive Osvaldas Kazlauskas and 4H Agency Partner and Head of Eastern Europe Desk Ivan Kurochkin.

This week’s discussion focuses crypto- the big question of when, not if the digital asset will become an inseparable part of the crypto industry, how crypto gambling is holding up as of right now, and how regulated markets are responding to the surging interest for implementing crypto into gambling.

Our speakers focus on addressing the challenges that crypto faces in individual markets, and what the overall benefits of pursuing its adoption in the gambling industry could be. Yet, there are caveats. Both Kurochkin and Kazlauskas feel strongly that crypto should not be regulated in the same way you would regulate a FIAT currency.

Kurochkin acknowledges that cryptocurrencies are something that is generally liked by consumers, but he also argues that the opportunities to actually benefit from those payment methods at licensed and regulated markets are few and in between, with offshore operators still making the bulk of the companies that offer these options.

Kazlauskas makes a strong matter-of-fact case about why operators and suppliers, much like players, would be interested in accepting crypto deposits from their customers. He notes that there are operators that have already embraced crypto in full and offer no alternative payment methods.

According to Kazlauskas, there is another side to adopting crypto in the industry as well, as there is a clear business-to-business impact. Such companies even choose to use crypto to pay for upkeep costs and salaries, as it’s cheaper and faster, so the adoption of crypto goes well beyond the player-facing side.

Both Kurochkin and Kazlauskas make compelling and interesting arguments about the adoption of cryptocurrencies in the industry, and their expertise proves invaluable to anyone who may be looking to better understand the adoption of cryptocurrencies in the gambling industry – a matter of when, not if.

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