Not only are the transaction costs smaller, but there is also no risk of fraudulent transactions or chargeback claims since cryptocurrency transactions are irreversible. The use of cryptocurrencies means that operators have reduced transaction fees, since they do not have to pay credit card fees or 3rd party fees that are innate to fiat payment gateways such as Skrill.
It also means they will not have to worry about transitioning from legacy technology down the road.Īt Lion Gaming our Web3 casino software comes built with the ability to accept over a thousand different cryptocurrencies, along with integrating popular wallet applications such as MetaMask. Even though you will have fewer options to look at, starting a Web3 casino brings a host of benefits to the operator that they are not able to have otherwise.
As briefly mentioned, there are not nearly as many betting technology providers that offer Web3 casino software when compared to traditional iGaming software.
