Cryptocurrencies today are a highly desirable form of trading, even in the mainstream. This wasn’t always the case, however, as early days were plagued by uncertainty and misunderstandings. While there are many different reasons why crypto eventually threw off this coat to find the respect it commands now, we thought it would be interesting to focus on the contributions of video games and online casinos to this end.
The nature of cryptocurrencies, at least at the base level, makes them a highly technological pursuit. This is a realm that shares a lot of overlap with the world of gaming. Video games, especially on the PC, can be highly technical. Understanding the intricacies of a game,
modding them to change the experience, and even getting them to work in the first place – all of the aspects and more can contribute to a passion for technological avenues.
Whether on the programming or playing side of the equation, involvement meant there were a lot of people in the gaming spheres who instantly took notice when crypto first arrived. And, as it turned out, gaming hardware would even give gamers a step up in the early days of crypto mining.
Mining crypto like bitcoin in the early days was a pursuit that was broadly accessible to many PC gamers. This is because their mining required a type of computation which was best accomplished through a specific piece of gaming hardware – the graphics card. Gamers already made a habit of keeping as powerful a card as they could manage, which presented them an open door.
“Crypto Mining Rig” (CC BY 2.0) by Crypto360
From electronics to cars, houses, and practically anything else imaginable, there are few limits on what modern users of crypto can buy. Acceptance was hard-won through early adopters with the foresight to see the currency’s true potential. Online casinos were one of the biggest examples here, with many dedicated sites opening up to cater to crypto, and others extending their operation to reach into the new world.
This openness, combined with the popularity of online casinos, helped pave the way for mass acceptance. This wasn’t only through the direct offering of crypto either, though many did choose to go that route. Instead, several online casinos that allow non-traditional forms of payment have played a part in legitimizing crypto engagement. For an illustration of this, players could try out the slot games on a major website today with titles like Rainbow Riches and Rise of Olympus. Since this website accepts Skrill, which can itself convert from Bitcoin deposits, access is open, interest and trust in newer payment systems are reinforced, and the odds of future engagement with crypto is improved for the effort.
Similarly, traditional video game seller sites also made some leeway in offering crypto, though their dedication has been less reliable than their casino cousins. Steam once offered bitcoin transactions for example but stopped acceptance in 2017. Of course, the market soon adapted, with new websites opening up to cover all bases that gamers needed to purchase with crypto directly.
“Bitcoin wallet“(CC BY-ND 2.0) by QuoteInspector.com
A Strong Future
With crypto now firmly in the public eye, nearly all markets will inevitably see greater levels of acceptance going forward. For those interested in the history of this world, don’t forget the steps we’ve taken along the way. Both video gaming and online casinos played an important part in getting cryptocurrencies where they are today. Even if, in the case of gaming, these contributions occurred almost accidentally, such participation will always be worthy of note.