The concept of cryptocurrency has been around for years, and countless people have already used crypto for various transactions. Also known as “digital assets,” this new technology introduced the concept of a peer-to-peer payment system. The birth of Bitcoin, the first and most popular virtual token worldwide, has led to the development of more cryptocurrencies that people can invest in and use to purchase goods and services.
The main reason why crypto gained significant popularity in the past decade is because of its decentralized nature. Unlike ordinary online wallets run by FinTech and banking firms, crypto uses blockchain technology, making it hard for bad actors to steal information and money. The security of crypto assets makes them more popular in different sectors, including the gambling industry.