The Future of Blockchain in Gambling: Login Casino Asked the Opinion of Market Players

19.01.2021

The information partner of Ukrainian Gaming Week 2021 exhibition – Login Casino business portal dedicated to gambling has presented the eighth issue of Infotarget – a project focusing on the topic of creating cryptocurrency-based online casinos.

In a new episode, co-founder and Marketing Director of True Flip Group Konstantin Katsev joined an interview session, sharing his vision of the prospects for blockchain technology in the gambling business, reviewing its advantages and range of application. The expert also spoke on how this innovation can improve the affiliate business and how much its implementation will cost.

The new episode also shows an animated video demonstrating how blockchain technology works in practice. Main advantages of the technologies are ease of use, availability, high transaction speed, guarantees of security and anonymity for the player. As for weakness, only one significant detail can be distinguished, being the low speed of deposit processing when using cryptocurrency.

Additionally, Login Casino has prepared a special test game, joined by representatives of Slotegrator – provider of the gambling solutions. They answered a number of tricky questions about launching cryptocurrency transactions at the online casino. Most of the correct answers were given by Head of Sales Vadym Potapenko.

Expert spoke about the demand for blockchain casinos, whether cryptocurrency is chosen for deposits and whether it has potential on the Ukrainian market.

Today, about 10-20% of online operators are interested in conducting cryptocurrency transactions, but not everyone fully understands the mechanism of blockchain technology management and where to look for players.

According to Vadym Potapenko, operators should teach gamblers how to replenish their cryptocurrency wallets. This is how the technology will spread. Then, after legalization, it can become popular on the Ukrainian gambling market.

Watch the eighth edition of Infotarget from UGW 2021 partner Login Casino here >>>