Online casinos have travelled a long way since their inception. They are now as immersive and engaging as video gaming experiences. Additionally, technology has made gambling fair and transparent. However, a few technologies have created more uproar than others. They are powerful enough to drive new and innovative casino industry trends. Here is a look at some of the most important ones.
Cryptocurrencies are now an established mode of payment in many countries. Online casinos also accept cryptocurrency for deposits and withdrawals. What makes cryptocurrencies so powerful?
Cryptocurrency is ideal for maintaining anonymity. You don’t need to disclose your information to buy or sell crypto tokens. Similarly, most online casinos don’t need your banking details when you use cryptocurrency. They can use wallet addresses to send or receive money. Staying anonymous is a top priority of gamblers. Cryptocurrencies helps them keep things private.
Blockchain is the technology behind cryptocurrencies. It is a form of public ledger that can store information in a decentralised way. That means you don’t need an intermediary to perform transactions like transferring funds.
Additionally, the information is immutable, and no one can edit it. So, blockchain can reduce fraud by acting as a reliable database. Blockchain is now the newest casino technology. The highest payout online casino uses it to:
- Promote fair services
- Avoid disputes
- Manage transactions
- Encourage transparency
Blockchain can even reduce the operating costs of online casinos. It is suitable to automate several processes and eliminate human labour.
Mobile payment has become popular across the world. People use apps like GPay and Apple Pay to buy products and services. These apps come with a digital wallet to store funds. You can top up your account using cards and bank transfers.
Alternatively, you can use the app to pay directly from your bank account. The best online casinos Canada now accept mobile payments. It has made transactions quick and hassle-free. Moreover, gamblers don’t need to provide baking details. They can choose their preferred mobile payment app and pay directly.
The beacon technology is popular with retail stores. They can target customers nearby with marketing messages on their smartphones. Let’s say you are walking past a KFC. As you approach the store, you get a notification on your mobile advertising today’s menu.
The same technology is at work in stadiums when you receive game updates. In fact, beacons are now common in many places and industries, says Michelle H. Thomas, a renowned author. According to Deloitte, casinos may use beacons in several ways:
- Promoting services and offers
- Track footfall in the casino
- Track time spent by gamblers at different tables
- Track in-casino movement
Beacons can disrupt casino industry trends to offer an excellent gambling experience.
5G is now available in many countries. It comes with recommendable speed like broadband to provide new capabilities to mobiles.
Best of all, 5G is the latest casino technology to power mobile gaming. Gamblers can play immersive games on their mobiles without disruption. They can also experience low latency and high bandwidth for an engaging experience. Moreover, 5G may become more affordable in the coming days to encourage mass adoption.
Artificial Intelligence (AI)
Most of us are familiar with AI. It mimics human thinking to perform a range of tasks. For example, Netflix and YouTube use AI to create personalized recommendations. A company can project its sales using AI for accurate results. The gambling industry is on its way to adopt AI. The best online casinos Canada can use it to:
- Recommend games to gamblers
- Monitor activities across the casino and games
- Identify anomalies and fraud
- Resolve disputes
- Offer customer support
The possibilities of AI are endless. We have to wait and watch to find out how casinos make the most of it.
The metaverse is a digital world where you control your virtual avatar. It is in development, but holds immense promise. You can think of the metaverse as worlds you experience in games like GTA. It will be possible to own land, buy houses, purchase virtual items, and more. Best of all, leading gaming developers are working on building casinos in the metaverse.
You may be able to travel to a virtual Vegas and walk into any casino you like. It will be like an online casino, but more interactive. You may interact with fellow gamblers and socialise like in real casinos.
A range of technologies have the ability to disrupt the gambling industry. The list includes cryptocurrency, blockchain, and mobile payments. Additionally, casinos can rely on 5G to deliver better mobile gaming experiences. Moreover, AI can improve services and make personalized recommendations.