Coindirect. A game changer.
Looks like Coindirect will become one of a kind open source platform for online gambling where bitcoins will be sent directly from player to player eliminating the third party and solving such problems as high fees, transparency issues and deposit/withdrawal delays.
Cryptocurrency in gambling world.
The rise of cryptocurrency in online gambling world reduced the expenses of every online casino customer. In 2013 bitcoin revolutionized online gambling and solved many problems associated with this field of activity. It offered instant money transactions, low fees and anonymity. Since that time the part of bitcoin in online gambling was always growing and in the year 2016 the use of cryptocurrency in gambling was on it's highest point. Cryptocurrency became the choice for many online. However, it did not solve one of the oldest problems - transparency of the house and high fees. Up until today online casinos try to prove their transparency with a method called "Fairness Check", but often it does not work as casinos always have the power to hide crucial information from the player. In order to prevent this from happening all casinos need to undergo regular and thorough audits. This can take long time and leaves casinos dependent from the auditors and additional costs associated with this process increase gambling price.
One of the main reasons why all online casinos have deposit and withdrawal fees and extended withdrawal times is to do with FIAT currency. To move traditional currency from one account to another is expensive and takes time. It has to go through the third parties who take their share of each transaction just for transferring the money. In 2008 when bitcoin came to life it started changing many areas of our life and especially it changed the face of online payments. Bitcoin, with its instant, irreversible and low cost transactions became very attractive alternative to FIAT for many, including online gambling industry. Online gambling became accessible to wider circle of people as it became cheaper. As a result much more players could afford to gamble. At this point we think there is still one major issue which needs to be solved - decentralizing casino management of all deposits and withdrawals.