John Caldwell: Industry must adapt to attract crypto gamblers

						Array
(
    [conclusion] => Array
        (
            [0] => 
        )

    [post_sponsor_aff_link] => Array
        (
            [0] => 
        )

    [casino_url] => Array
        (
            [0] => 
        )

    [casino_street_address] => Array
        (
            [0] => 
        )

    [casino_post_code] => Array
        (
            [0] => 
        )

    [year_founded] => Array
        (
            [0] => 
        )

    [withdrawal_limit] => Array
        (
            [0] => 
        )

    [reviewrating] => Array
        (
            [0] => 
        )

    [bestrating] => Array
        (
            [0] => 
        )

    [cgn_score] => Array
        (
            [0] => 
        )

    [casino_key_feature_1] => Array
        (
            [0] => 
        )

    [casino_key_feature_2] => Array
        (
            [0] => 
        )

    [casino_key_feature_3] => Array
        (
            [0] => 
        )

    [bonus_text_top] => Array
        (
            [0] => 
        )

    [bonus_text_bottom] => Array
        (
            [0] => 
        )

    [casino_review_reference] => Array
        (
            [0] => 
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [_thumbnail_id] => Array
        (
            [0] => 15003
        )

    [ppma_authors_name] => Array
        (
            [0] => David
        )

)

Updated September 21, 2022 | Published October 14, 2020

2 mins read

In a column for leading gambling industry publication EGR, John Caldwell, co-founder of blockchain development studio ASG Solutions, laid out the opportunities for online operators when it comes to cryptocurrencies.

Citing a potential multi-billion dollar upside for the online gaming sector, Caldwell stressed the importance that operators move to better understand the nature of the crypto gambler.

“The culture of crypto is different. Crypto people are, by definition, a group of people with a higher risk tolerance than most,” he said.

“Holding crypto is, in and of itself, a bet and a vote against the traditional financial system. These folks aren’t interested in the way banks operate. Traditional banking (and I would argue traditional gaming) is going to have to adapt to gain these customers’ business.”

Caldwell added that cryptocurrency uses fell directly within the demographic which online casinos are struggling to engage. 

“It strikes me that the online industry is entering a phase not unlike what the land-based industry (especially in America) has been going through over the past 15 years: how to get more young people in the door, and how to keep them interested.

“The crypto gambler is a high value player who likes a gamble and wants it fast and simple. Crypto gamblers will give the business they deal with outsized returns and be loyal to those embracing the space. 

“They just need the approach made in a way that speaks their language, makes sense to them and cuts all unnecessary steps out.”

Read the full article ($) at EGR.global.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by David

Co-founder

David is co-founder of CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
THE LEDGER: Biden goes after crypto mining, while Coinbase has a loan moan
The Ledger: ChatGPT forecasts BTC will hit $120k, Coinbase hears London calling

Similar News

Cameron Winklevoss 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 7818
            [name] => Cameron Winklevoss
            [slug] => cameron-winklevoss
            [term_group] => 0
            [term_taxonomy_id] => 7818
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 4
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 3570
            [name] => crypto exchange
            [slug] => crypto-exchange
            [term_group] => 0
            [term_taxonomy_id] => 3570
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 256
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 8687
            [name] => Dublin
            [slug] => dublin
            [term_group] => 0
            [term_taxonomy_id] => 8687
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 5025
            [name] => Gemini
            [slug] => gemini
            [term_group] => 0
            [term_taxonomy_id] => 5025
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 25
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 8688
            [name] => Ireland
            [slug] => ireland
            [term_group] => 0
            [term_taxonomy_id] => 8688
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 8689
            [name] => Leo Varadkar
            [slug] => leo-varadkar
            [term_group] => 0
            [term_taxonomy_id] => 8689
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [6] => WP_Term Object
        (
            [term_id] => 5044
            [name] => MiCA
            [slug] => mica
            [term_group] => 0
            [term_taxonomy_id] => 5044
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 28
            [filter] => raw
        )

    [7] => WP_Term Object
        (
            [term_id] => 8690
            [name] => Virtual Asset Service Provider
            [slug] => virtual-asset-service-provider
            [term_group] => 0
            [term_taxonomy_id] => 8690
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

)

Gemini sets up shop in Ireland

29/05/2023|14:16

Bankrupt crypto lending firm Celsius has picked Fahrenheit’s proposal to manage a new entity to be owned by its creditors,...
Blockchain 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 181
            [name] => Blockchain
            [slug] => blockchain
            [term_group] => 0
            [term_taxonomy_id] => 181
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 908
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 4857
            [name] => Chainalysis
            [slug] => chainalysis
            [term_group] => 0
            [term_taxonomy_id] => 4857
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 42
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 363
            [name] => China
            [slug] => china
            [term_group] => 0
            [term_taxonomy_id] => 363
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 17
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 8685
            [name] => fentanyl
            [slug] => fentanyl
            [term_group] => 0
            [term_taxonomy_id] => 8685
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 8686
            [name] => narcotics
            [slug] => narcotics
            [term_group] => 0
            [term_taxonomy_id] => 8686
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 5495
            [name] => stable coins
            [slug] => stable-coins
            [term_group] => 0
            [term_taxonomy_id] => 5495
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 4
            [filter] => raw
        )

    [6] => WP_Term Object
        (
            [term_id] => 2465
            [name] => tether
            [slug] => tether
            [term_group] => 0
            [term_taxonomy_id] => 2465
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 15
            [filter] => raw
        )

)

Links between China chemical firms and crypto revealed

29/05/2023|08:34

China-based chemical firms have been suspected of supplying fentanyl to drug cartels overseas in exchange for cryptocurrencies. Blockchain research firms...
blockchain casinos 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 2812
            [name] => blockchain casinos
            [slug] => blockchain-casinos
            [term_group] => 0
            [term_taxonomy_id] => 2812
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 402
            [name] => Crypto Casino
            [slug] => crypto-casino
            [term_group] => 0
            [term_taxonomy_id] => 402
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 30
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 58
            [name] => esports
            [slug] => esports
            [term_group] => 0
            [term_taxonomy_id] => 58
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 36
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 4162
            [name] => esports betting
            [slug] => esports-betting
            [term_group] => 0
            [term_taxonomy_id] => 4162
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 8683
            [name] => Evil Geniuses
            [slug] => evil-geniuses
            [term_group] => 0
            [term_taxonomy_id] => 8683
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 8684
            [name] => Thunderpick
            [slug] => thunderpick
            [term_group] => 0
            [term_taxonomy_id] => 8684
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [6] => WP_Term Object
        (
            [term_id] => 6185
            [name] => women
            [slug] => women
            [term_group] => 0
            [term_taxonomy_id] => 6185
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

)

Evil Geniuses partners with Thunderpick crypto casino

29/05/2023|00:34

Esports organization Evil Geniuses has joined with the cryptocurrency betting platform Thunderpick. The partnership will see Thunderpick become Evil Geniuses's...