Esports Betting
Esports Betting / Esports Betting News / The Future of Crypto Currency and Esports

The Future of Crypto Currency and Esports

Publish Date: 13/05/2021
Fact checked by: James Leeland

Both esports and cryptocurrencies are two of the most forward-thinking industries in the world. If there is a new technology or breakthrough, it is almost guaranteed that some company will find a way to integrate it into one of these two industries.

It was a natural fit then that betting on esports with bitcoin and other cryptocurrencies would become a popular way to engage with esports betting sites online. Crypto has come a long way from its inauspicious beginnings and many people are looking for ways to use their newly found bank of crypto.

esports crypto

The Future of Crypto

A recent survey commissioned from Mastercard found that 40% of respondents plan to use crypto in the next year. They surveyed 15,000 people in 18 countries and found that millennials were the generation that was the most interested in the cryptocurrency market.

  •         67 percent of millennials are more open to crypto than they were a year ago
  •         77 percent of millennials are interested in learning more about crypto
  •         75 percent of millennials would use crypto if they understood it better

Celebrities like Tom Brady and Paris Hilton are the latest to add red lasers shooting from their eyes signifying their support for Bitcoin. They have also entered into the world of NFTs, with Hilton saying: “I've always been an undercover nerd, and I feel like I finally have found my people. They're just smart and brilliant and creative and fun and cool, and they get me.”

crypto laser eyes

Crypto Esports Betting

Plenty of esports betting sites offer options to deposit and bet with cryptocurrency. There are issues with the wildly fluctuating nature of the crypto market but the desire to invest in the blockchain is often too tempting to avoid.

Operators can use the transparent nature of the payment system, the fact that every transaction is logged and searchable, to easily ferret out fraud and abuse of their systems. While it may not yet be stable enough to become the norm in the betting world, the benefits of the blockchain could make crypto the currency of choice for the future of online betting.

coinbase esport

Other steps forward with crypto and esports

Recently Coinbase announced that they are sponsoring the upcoming BLAST Premier spring season, the Counter-Strike: Global Offensive esports tournament. This marks the first time that the cryptocurrency exchange has entered the world of esports but certainly not the first time that anyone has tried betting with cryptocurrencies.

The aim of the partnership and sponsor deal is to help bring the world of esports and gaming closer to cryptocurrency through integrated digital activations and player-led content. The branding will focus on BLAST Premier’s “The Economy Play” broadcast segment. Making sure that you spend your cash wisely is a major part of CS:GO. “The Economy Play” sees analysts dissect and discuss economy rounds in between key matches. It will take a serious look at the way that the pro gamers decide to spend their money in between rounds.

Coinbase is also sponsoring the hugely popular esports and gaming lifestyle company Evil Geniuses. The team tweeted out an image of their player’s jerseys that featured the Coinbase logo. By partnering up with Evil Geniuses, Coinbase has their feet firmly planted in the world of esports.

Esports teams like OG have also begun offering crypto based fan tokens. They partnered with crypto start up Chiliz and its Socios.com platform. Other teams like Team Heretics, Natus Vincere, and Team Alliance have also offered coins on the same platform.

Betting with cryptocurrencies is still a relatively young market, but the influence of the blockchain and its outlying technologies cannot be understated. They have changed the trajectory of the esports industry and may very well be the future of esports betting.

unikrn crypto

Latest News
Top Yotta/Withyotta Alternatives 2024: Best Options Compared
Yotta players have felt the pressure of withdrawal ...
How to Withdraw Funds from Yotta 2024
If you have tried to withdraw from your ...
How to Handle Yotta/Withyotta Account Closures 2024
Yotta customers are facing uncertain times following Lineage ...
Duelbits To Partner With Conor McGregor
The “Notorious” Conor McGregor has been making the ...
Hottest video game characters of all time
There have been some true bad-ass women on ...
Our News Sitemap:
Our Team
Jordan NobleJames LeelandAlyx TzamantanisAndrew BoggsMike McKean
Jordan Noble
Jordan Noble
Sports Writer
James Leeland
James Leeland
Editor
Alyx Tzamantanis
Alyx Tzamantanis
Editor
Andrew Boggs
Andrew Boggs
Sports Writer
Mike McKean
Mike McKean
Editor

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site