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Global Slots Manufacturer IGT Targets Crypto Market
Leading gambling solution manufacturer is eyeing cryptocurrencies
The company intends to attract a young audience to the gambling market
The blockchain industry is doing an excellent job of developing gambling ecosystems.
The world’s leading manufacturer of slot machines patented the technology of using cryptocurrencies for betting
The world’s largest manufacturer of gambling equipment International Game Technology (IGT) has patented the technology of using cryptocurrencies for betting. Bloomberg reports this with reference to the company’s patent.
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The patent describes a method of transferring cryptocurrency between a gaming establishment account and an external player account. Thus, the clients of the establishments will be able to use their own crypto wallets for gambling bets..
IGT spokesman Phil O’Shaughnessy said the company intends to maintain a leading role with the help of the cryptocurrency gambling industry..
Bloomberg believes that in this way IGT wants to extend their services to the younger generation who are interested in cryptocurrency assets. According to an October Tokenist poll, the coronavirus pandemic has boosted interest in Bitcoin among millennials: about 44% of them are planning to buy currency in the next five years.
At the same time, according to IGT, a third of the guests of the Cesars Palace entertainment complex are between the ages of 21 and 40.
However, the world of gambling is actively developing in the blockchain space..
According to the analytical resource Dapp Review, gambling accounts for almost half of all decentralized applications (DEX) based on the Ethereum blockchain. In the TRON blockchain, eight out of ten applications can be considered a type of online casino.
However, according to the head of CoinsPaid Max Krupyshev, security remains the main problem of cryptocurrency payments. In an interview with BeInCrypto, Krupyshev noted that if payment methods in cryptocurrencies are being introduced today, they are more often for advertising or marketing purposes..