Will Bitcoin affect the gaming industry? With the commencement of bitcoins, a drastic change has been observed in the online gaming industry. The industry has become much more flexible and secure than ever. Not only gaming but gambling industry has also been transformed into Bitcoin usage.
How online-gaming has been improved both bitcoins?
Legitimacy: Currency-threats will not be experienced ever if bitcoins are being used for online-games and this is really a great advantage. Now, online-games can be legally played without any kind of obstacles or harassments.
Acceptance rate: Bitcoin as gaming-currency is now gaining the highest acceptance and this is why most online-games are now including the option of using bitcoins for playing different exciting casino or gambling games online.
Anonymity: Gamers’ identity will not get disclosed at all rather they can privately play the game. Blockchain will protect their data in a protective manner. In fact, due to this anonymity feature online-gaming with bitcoins has become so much famous these days.
Improved gaming experience: With improved Blockchain-technology, online-gaming has become much more secure and transparent and thus the gamers can get an absolutely great gaming experience.
Reduction of game-fees: Both betting and transaction charges are pretty lower with Bitcoin-gaming online. This is the reason better odds fetching highest payouts can be now easily offered by operators.
Expansion of gaming-industry: Bitcoin-gaming is not being administered or monitored by any state-authority and this is great news for all gambling-enthusiasts all across the globe. With the emergence of more and more gamblers, the concerned industry is expanding like anything.
No chargeback: Bitcoins are completely non-reversible in nature and this is the reason the online-gaming operators will no more experience any chargeback. All deposits and withdrawals can be now easily finalized without any chargeback-system.
No need of gambling-license: Getting the license for gambling-sites in those countries where gambling is illegal is quite a tough thing. But with the emergence of Bitcoins, this problem has been resolved permanently.
Now, hopeful you have got the answer to how will Bitcoin affect the gaming industry. Online-gaming and bitcoins are now intimately related to each other and this fact has already proved by gaming-experts of the modern era. But you should remember one thing that all the above advantages can be only enjoyed by only cryptocurrency-holders but PC-gamers cannot avail any of them.
Bad news for PC-gamers:
Graphic-card prices are continuously going up with Bitcoin usage in online-gaming. Only cryptocurrency-miners are now making the purchase of graphics-cards in huge numbers as a result of which graphics-card shortage is coming into being. This shortage has ultimately affected the cost of graphics-cards as a result of which non-cryptocurrency holders are finding a great difficulty in acquiring graphics-cards.
This is the very reason that count of PC-gamers is currently reducing like anything. This has now become a great concern for retailers and thus they have now adopted few effective measures that have enabled PC-gamers to avail graphics-cards before cryptocurrency-users. Some retailers are also offering lucrative discounts so that PC-gamers can easily avail these cards at cost-effective rates.