Virtual Reality & Augmented Reality
VR and AR technology are still in their infancy yet the potential is mind-blowing. There is no question that VR and AR technology is going to heavily influence the future of video gaming in general. Virtual Reality is already being used in video gaming. It is an immersive experience like no other. You put your VR headsets on and it is like stepping into the game yourself.
As far as online casinos are concerned, virtual reality and augmented reality is still far from widespread use, but it has already introduced itself in some online casino instances. Virtual Reality casinos are almost exactly like visiting a physical, land – based casino. Put your VR headset on and you will be able to walk around the casino and go from one slot machine to the other, walk up to tables and join games of poker, blackjack, etc.
If multi player and VR are integrated together, you could be looking at online casinos where you can walk around and interact with other players that are also playing on VR and multi-player. A complete 360 – degree online casino experience is just around the corner.
One of the biggest challenges apart from legislative restrictions that the online casino industry has had to face has been that of secure banking. Online casinos usually cater to a global user base. This means that players are going to want to pay in several different currencies. Furthermore, there is no common online payment method for all users, different users may have different preferences when it comes to online payment methods (this also generally depends on the location or country the player is based in).
Thankfully, most online casinos have been able to integrate several different payment technologies which are used around the world and give their players plenty of options when it comes to making deposits and claiming withdrawals.
These days, online casinos accept multiple currencies and also several payment methods which include, but not limited to credit cards, debit cards, eWallets such as PayPal, Skrill, Neteller, prepaid cards, gift cards, bank wire transfer, cheques, money orders and now even digital currencies.
Cryptocurrencies like the Bitcoin are becoming mainstream whether you like it or not. When it comes to online casinos, hoards of online casinos already support cryptocurrencies. The most popular cryptocurrency is Bitcoin, but some casinos even support other altcoins such as Litecoin, Ethereum, etc. In fact, a lot of casinos encourage the use of cryptocurrencies and some online casinos only exclusively accept Bitcoins (or only crypto coins), these are usually referred to in the industry as Bitcoin casinos.
Cryptocurrencies work on decentralized blockchain technology which has plenty of advantages, specifically for the purpose of using them in an online casino setting.
Firstly, cryptocurrencies like Bitcoin are peer to peer transactions. This means that there is no middle party involved in the transaction (as opposed to fiat currency transactions where the banks are the middle parties).
The lack of a middle party also means that there is not going to be any transaction fee or processing fee that a bank could usually impose in case of fiat currencies.
Furthermore, cryptocurrency transactions are highly private and anonymous. The only detail you will be sharing is your wallet ID. Therefore, you are not having to share your name, contact details or anything else. This is especially useful at gambling services where a lot of players would appreciate the anonymity and privacy.
Another added advantage of using cryptocurrencies at online casinos is the speed of processing. Bitcoin transactions are lightning fast, therefore when you make a deposit or request a withdrawal, you don’t have to wait for hours or even days as is the case with other payment options like credit cards.
Gamification is a buzzword in web applications and mobile applications these days. Gamification is basically the integration of certain elements such as leaderboards with points in order to drive further engagement with the application.
Online casinos generally have leaderboards, but the main form of gamification at online casinos come in the form of a VIP club. This is where players are categorized into different VIP levels (usually depending on how much and how often they play) and as you are upgraded from one VIP tier to the next, you also get some additional perks. Some of the common perks used in VIP clubs to increase engagement include things like dedicated customer support, cashbacks, exclusive promos and bonuses, exclusive tournaments, etc.