Las Vegas is a playground for gamblers and vacationers. Whether you're a full-time professional gambler who frequents casinos across the country or just someone who wants a thrill every now and then, Royal Vegas Online AccountLas Vegas, the city of sin, is a lot of fun. Lately, the city has been hit by economic uncertainty, leaving some wondering how casinos can regain revenue while still providing a great experience for visitors. One idea being discussed over cappuccinos and in boardrooms is to embrace cryptocurrency. So, will Las Vegas embrace cryptocurrency? Find out the answer.
Las Vegas slow to respond to cryptocurrency boom
Las Vegas is a pioneer when it comes to technology – one look at the glittering cityscape and amazing casino games will give you a glimpse of that history – but when it comes to cryptocurrencies, and Bitcoin in particular, Las Vegas has been slow to innovate and embrace new technology.
The digital currency has been around for over a decade, but Las Vegas has been particularly wary and slow to get going. This is not unusual. Governments are concerned about cryptocurrenciesand the central bank have similarly taken a neutral stance. In fact, the Nevada Gaming Commission and Tax Department have not yet formulated any regulations regarding its use as of this writing.
Las Vegas is on the move
While the lack of regulation has tied many casinos' hands, some of these casinos are happy to have their hands tied and have not announced any plans or desire to start accepting Bitcoin. D Las Vegas Although it is not a gambling venue, it is the first casino in the area to start accepting credit cards.
The casino has a Bitcoin ATM on-site where players can exchange their Bitcoin for US dollars and start gambling with fiat currency. But that's not all: the same casino also runs a hotel where guests can use Bitcoin and pay with it. They may not have welcomed it warmly, but at least it was welcomed somewhere in Las Vegas.
Smart Box Games
It is a pity that Las Vegas has not yet adopted cryptocurrency and the authorities have not yet regulated it. This is because gambling machines are now being made exclusively for Bitcoin users. One of the most notorious is the SmartBox machine. These gambling machines allow players to gamble with Bitcoin using only Bitcoin. How long will it be before SmartBox machines appear in Las Vegas casinos? Only time will tell if they will appear.
Should online casinos step in?
It seems that Las Vegas is ready to accept cryptocurrencies to some extent. However, it is online casinos that are likely to receive a warmer reception within the industry. Many platforms are preparing to adopt cryptocurrencies as a way to perform deposits and withdrawals. Some companies have not yet implemented the technology, but they may be considering doing so in the near future along with other online casinos, thus taking advantage of the new demand for cryptocurrencies among gamblers.
