## Cryptocurrency’s Integration into Digital Gaming – Crypto Gaming – iGB
Tom Waterhouse of WaterhouseVC investigates the topic of cryptocurrency wagering and its potential to form the foundation of the next wave of sports betting platforms.
**Home > Crypto Gaming > Cryptocurrency’s Integration into Digital Gaming**
Cryptocurrency’s Integration into Digital Gaming
In May, we delved into the vast potential of cryptocurrency gambling, with its Gross Gaming Revenue (GGR) expanding at a rate of 36.6% annually.
Online cryptocurrency operators provide users with an experience akin to online fiat currency operators. Companies like Stake.com and Sportsbet.io have already achieved remarkable turnover.
White label platform solutions aimed at cryptocurrency gambling operators can fully capitalize on the overall growth of cryptocurrency gambling. This implies they are not subject to the operational and regulatory risks of a single cryptocurrency gambling venture.
Preexisting Betting Platforms
Many fiat currency operators rely on white label sports betting and iGaming platform solutions, such as Kambi, OpenBet and SBTech.
However, our research reveals that numerous existing platforms lack essential internal requirements in marketing, trading, operations, customer support and compliance.
Some platforms lack customization capabilities, and modifications often necessitate additional costly development. Customer profiling and risk configuration result in a subpar experience for high-profit players and increased losses for low-value customers.
Several digital services struggle to satisfy user requirements or deliver a refined user experience.
Every current service was established a dozen years ago. Some services still rely on conventional technology. Technical debt, which builds up over time, presents a significant obstacle for services and technology companies in general.
Digital Currency: The Future of Wagering Services?
The potential to create a new generation of wagering services that combine racing, sports, and gaming with digital currency and traditional currency payment capabilities is substantial. Key core service features are outlined below:
We observe an emerging opportunity to invest in next-generation wagering services. These services utilize new technologies and incorporate modern third-party integrations. Such services integrate digital currency at a technical level, rather than as an afterthought.
Considering the ongoing expansion of global digital currency gambling and all online gambling in the United States, we are very enthusiastic about the potential prospects. A crucial aspect of our strategy is identifying leadership teams with extensive experience in directly developing and operating successful services in competitive markets.
Since its launch in August 2019, Waterhouse VC has generated a total return of 2,057% as of April 30, 2022, assuming all distributions are reinvested.
Sign up for the iGaming newsletter.
