We have witnessed many significant changes in the world of online gambling. From live sports betting to crash games, there have been plenty of additions to the online gambling industry. The tools for sports betting and poker have come a long way since these products were first offered online by iGaming brands. One of the aspects of online gambling that continues to evolve is deposit methods – they have changed a lot in recent years.
Mobile Payment Solutions
With so many people accessing online gambling sites using mobile devices, it made sense for brands to offer mobile payment methods. It is possible to use mobile devices to make payments for products, both online and instore using Google Pay, Apple Pay, Venmo, and Boku to name but a few. The benefit of using mobile payments is the ease and speed in which funds can be added to an online gambling account. With mobile payment methods connected to a bank account, it simply means you can make a deposit using a mobile payment service without ever having to add your bank details. This is much more convenient to save a bit of extra time, as people value their free time more and more. The likes of Google Pay and Apply Pay have been on the scene for some time so it came as no surprise to see online gambling companies add them to their list of deposit options. For bettors taking advantage of sports arbitrage bets, mobile payments come in handy as they make it smooth & fast to move money to and from bookmakers.
Cryptocurrency
Cryptocurrency is the latest addition to the ever changing world of deposit methods at online gambling sites. In fact, not only have we seen traditional online sportsbooks and casinos add cryptocurrency as a payment option, but we have watched on as online gambling brands have been created specifically with crypto in mind. CoinPoker is a fine example of a poker site that accepts crypto deposits. This online poker company comes complete with its own in-house cryptocurrency called CPH that is based on Ethereum. All the poker tables at CoinPoker are played using CPH meaning the whole platform runs on blockchain technology. Both deposits and withdrawals are possible using cryptocurrency and there are many online gambling sites introducing this payment feature, especially the latest brands entering the market.
Biometric Authentication
Biometric authentication is technology used by many people on mobile devices. With mobiles having fingerprint access and face ID, using this technology is nothing new for most people who have a relatively modern device. The technology is also used when making payments online using a mobile device and that includes online gambling deposits. Rather than using a password, which is something many people tend to forget, fingerprint access and face ID means you can login to a gambling site and make a deposit without ever having to type a password. This is a fantastic way to gamble online because it means your password details cannot be stolen. So, not only does biometric authentication enhance the user experience in terms of hassle-free online gambling but it is a strong security measure – one could say it hits two birds with one stone! This also lends itself to the advancement in artificial intelligence, with AI driven biometrics something that could soon play a significant role in online gambling.
The landscape of online gambling is continually evolving and deposits are one of the major elements of online betting that has been at the forefront of recent developments.