According to Exploding Topics, more than 560 million people worldwide will own cryptocurrency in 2024, which is about 112 times more than in 2016.
Of course, the crypto is a tasty morsel for casinos because:
1. Players do not need to go through KYC, and transactions are untraceable.
2. Players earn more in the crypto because there is a feeling of “easy money".
However, we are not in a hurry to raise the crypto casino and hope to repeat Stake's success. First, we need to figure out which geo makes sense for launching a brand.
Alanbase has supplemented the material with comments from the expert Dmitry F., CEO of Vivawin, Dmitry and his team are opening their crypto casino right now.
Shortly about what you will learn from the material:
1. Data for 2019-2024 Where the crypto is used most often.
2. Audience analytics on geos of existing crypto casinos.
3. Is it easy to set up a payment solution and what needs to be done for this?
Data 2024: where the crypto is used most often
According to Yahoo Finance, owning a crypto is more popular in Asia, South America, and Africa, but residents of Europe, North America, and Australia are reluctant to use the crypto. Let's look at the distribution table for scripts from 2019 to 2024:
Why is it so?
1) The poor population, so processing cryptocurrency transactions is cheaper.
2)Widespread use of mobile devices for payments.
3) Inflation and instability of the national currency.
Audience analytics based on the geo of existing crypto casinos.
The crypto can be connected as an additional payment option or as the only one. For the purity of the experiment, Alanbase used in the analysis of the audience only those Cossacks who work exclusively with the crypto, namely:
1. Stake.com
2. BC.GAME
3. Bitcasino.io
First, let's look at the giant's traffic among the crypto Stake casinos:
And now, let's look at the traffic for 2024 at the BC.GAME casino:
Let's look at the audience of the third crypto casino – bitcasino.io:
What can we see?
Let's compare the cryptocurrency audience with the crypto distribution table, where Argentina, India, Brazil, and the USA are the leaders in two or more lists.
But is it possible to rely only on the data of the crypto distribution table? No, because there are countries that appear in the audience of 2 or more crypto casinos but are not on the table, such as Japan, Germany, and Indonesia.
If you are a casino stakeholder, carefully study the analytics not only for the countries of crypto distribution but also for the audience of existing crypto projects. Perhaps the result will surprise you, and right now, you are missing an additional one. The proceeds are due to the fact that your casino does not have the opportunity to make a deposit in crypto.
Is it easy to set up a payment solution, and what needs to be done for this
Everything is OK, but how much will it cost to set up a payment solution, and how long will it take? Alanbase asked an expert, Dmitry F., CEO of Vivawin, who is raising a crypto project right now:
Alanbase team: How long and expensive is it to raise a crypto casino? How long does the technical part take, and what non-obvious nuances will the product that opens the crypto casino face? What kind of team and budget is needed in order to raise and maintain the technical part of the crypto product?
Dmitry F: There are now many solutions on the market to launch the product as soon as possible. On average, in the market, it is about two months from launch to entry into combat production.
In terms of team personnel and budget, it is always necessary to build on expectations for the project's payback, what figures to use, and, most importantly, when to strive. Sometimes, with these calculations, it turns out to be more profitable to take a white-label solution than to keep a development staff. On the contrary, it is necessary to maintain high conversion and retention figures on large volumes, which cannot be done without flexible development.
Alanbase team: We understand that you are opening on the crypto, but do you plan to connect fiat solutions?
Dmitry F: We always start from our unit economy, so as soon as figures appear on the horizon that will not suit us for conversion to the FD/RD, this will be a signal to connect fiat methods of replenishment and withdrawal.
Alanbase team: How long and expensive is it to connect the crypto to an existing casino that runs on fiat? For example, there is a casino that only works on fiat, but the product wants to make it so that it can be done directly from a crypto wallet.
Dmitry F: In fact, it's fast enough. We work on the basis of crypto processing xamax.io—there is a convenient API, thanks to which, you can start accepting payments on your platform in a couple of weeks. In general, you can accept the crypto immediately after registration. This will allow you to beat off costs from the start as the crypto audience is growing.
We also plan to make mutual settlements with our partners through Xamax, which will eliminate the possibility of accrual errors and reduce the network commission due to optimization.
Conclusion
If you have been thinking about your own crypto casino for a long time and have been waiting for that very sign to decide, consider this material to be him.
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