AdTOKEN6900: The Spiritual Successor to SPX6900 is Here. Presale Live!
AdTOKEN6900: The Successor to SPX6900
Verify Coin Ownership
You can verify coin ownership and connect your CoinSniper account to this coin. This gives you access to the coin owner page where you can manage the coin.
A growing number of industries are embracing cryptocurrencies. Many regulators understand these currencies better and are getting more comfortable with them.
DraftKings, the casino gaming platform, might be open to accepting cryptocurrency payments if some things change.
Cryptocurrency payments are different from traditional currencies like USD. The two most famous and common types of cryptocurrencies are Bitcoin and Ethereum.
Cryptocurrencies are entirely digital. They rely on cryptography, making them more private and, to some extent, pretty secure.
Instead of using a centralized network like traditional currencies do, cryptocurrencies are decentralized. They operate thanks to blockchain technology.
But why are cryptocurrencies so popular? Why do some people want DraftKings to start accepting these types of payments?
The first reason is privacy, because cryptocurrencies are decentralized and not overseen by traditional banks and financial groups.
In other words, a player’s bank cannot see their gaming habits if they pay with cryptocurrencies.
Players should note that crypto payments are recorded on the public blockchain. They are not directly linked to a player’s profile, but they are not anonymous either.
They are pseudonymous and linked to wallet addresses. In short, cryptocurrencies might offer more privacy, but they are still accessible to the public.
They can always be traced back to you if you’re using cryptocurrencies for illegal purposes. Thankfully for gamers, many great casino providers operate legally, like DraftKings.
Another reason cryptocurrencies are successful is the transaction time. Everything tends to go much faster with crypto.
Instead of waiting for banks to approve and register payments, players can transfer and receive funds almost immediately using cryptocurrencies. For this reason, some players who experience particularly long processing times with their banks choose crypto.
Players should note that this can vary from bank to bank. Some banks have quick processing times, while others stop approving weekend payments.
Some might also take longer to process payments outside of regular working hours. This can be very frustrating for players who like to play in the evenings after work.
The third reason behind the popularity of cryptocurrencies is the transaction fee. Some players find that the transaction fees are much lower with cryptocurrencies.
However, this can also vary from bank to bank. Some players are registered with banks that charge higher transaction fees than others.
These are the main reasons behind cryptocurrencies' popularity. Because of their success, some casinos now only accept cryptocurrency payments.
They will not accept any traditional currencies. These online venues are known as ‘crypto casinos’.
To cater to a growing demand for crypto payments, DraftKings is also considering accepting cryptocurrencies. However, unlike crypto casinos, DraftKings would still accept traditional currencies.
DraftKings is one of the most popular gambling companies in the world. Players love the number of gaming options that this online platform offers.
There are casino games like online blackjack and many great sports bets. Players can start betting by opening an account on the platform and transferring money.
They can only transfer money using traditional currencies. However, as mentioned above, this might change soon.
DraftKings’ CEO would like to offer more payment methods to its clients. He thinks that cryptocurrencies might be the next move.
However, the company would like a few things to happen before it officially accepts crypto payments.
Cryptocurrencies are not legal in all US states. Currently, they are only legal in a few states.
Jason Robins, DraftKings’ CEO and co-founder, has said that crypto payments will only be accepted if these currencies are legalized in more states.
For now, it’s not profitable for the company to accept currencies that aren’t legal everywhere in the country. It’s also too risky and unsafe.
In short, DraftKings is waiting for crypto to be legalized in more states.
Regulations and anti-money laundering tools
Money launderers use crypto casinos to turn their illegal earnings into legal gaming winnings. They sometimes use traditional online casinos, but to a lesser degree.
Crypto casinos are particularly vulnerable to money laundering because they offer more privacy. It is harder for regulators to trace back payments and flag suspicious behavior.
Some innocent players sometimes find themselves caught up in a game rigged by money launderers. One common technique used by these criminals is chip dumping.
DraftKings wants to protect its clients and offer an enjoyable and safe experience. It will only accept cryptocurrencies once more regulations are in place.
If cryptocurrencies are legalized, regulated, and well-managed, DraftKings might be open to accepting such payments on its platform.
Disclaimer
The information on Coinsniper is user-generated and not verified. Coinsniper does not provide financial advice or facilitate transactions.
Also note that the cryptocurrencies listed on this website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments.
WARNING: Scam Telegram Channels
Watchlist
Ads
Boosts
Today's best
SOL
ETH
BSC
SUI
All time Best
New listings
Airdrops
Presales
Submit coin
Contact Us
Blog
Dictionary
Partners
KYC verification
AMA hosting
