No doubt, the online gambling market is growing dramatically and there are numerous business opportunities to grab in this area. But, how can we forget the increasing competition? Your decision to start an online casino business is absolutely lucrative and wise. However, to survive in the increasing competition and attain immense success, you must come up with the next level and highest quality casino software.
An online casino platform with basic or fewer features won’t get you enough traction. It is essential to stay abreast of the latest casino app development trends and advanced features and incorporate the same into your software. Having more and exciting features attracts players’ interest and helps them keep for a long time.
Being a leading casino software development company, we are well-acquainted with all the promising features and are experts in integrating the same. We have decided to introduce you to these key features that can take your casino business to the next level.
1. Cryptocurrency Payment
Cryptocurrency offers excellent benefits such as improved privacy, added security, fast payouts, low fees, and larger bonuses. Due to all such perks, more and more players prefer using cryptocurrency when playing casino games. In fact, cryptocurrency payment has been becoming one of the most popular payment methods for online casinos today. Therefore, to survive this crypto-powered gambling industry, your online casino must facilitate users to make payments using cryptocurrency.
Your software should support all the major cryptocurrencies like Bitcoin, Ripple, Ethereum, etc. so that users can perform seamless and fast transactions while ensuring better safety. With this cryptocurrency payment method, you can improve the credibility of your business and attract more players to your platform.
2. Live Chat and Messaging
Live chat or messaging is the proven and trending strategy for achieving maximum player engagement and retention rate. You can entice players to stay on your platform and play more, by facilitating them to chat with their friends and family in real-time. With a live chat feature, players can discuss their gameplay strategies, their achievements, and a lot more, while playing the casino game on the same platform. This feature boosts game fun and encourages players to keep coming back.
3. Wide Collection of Casino Games
Different casino players have different choices about casino games. While some may like playing poker, others may prefer Blackjack or Baccarat. In order to attract and keep all sorts of players, you must offer a wide variety of casino games on your software. You must ask the casino game development company to include several popular games such as Slots, Bingo, Poker, Baccarat, Rummy, Roulette, and more. A software with a big collection of games provides users with an unmatched gaming experience and can get you a huge ROI.
Also Read – Top 5 Secrets of a Successful Online Casino
4. VR-Powered Casino Games
Advanced technologies like AR/VR have a great, positive impact on the iGaming industry. VR-powered games are capable of engaging a massive number of players and keep them hooked for a long period. Also, by using virtual reality technology you can offer an unmatched and real-time casino experience to the players. Moreover, adopting emerging technologies like this can help you outperform the competition.
5. Anti-Fraud Module
Security is one of the common issues with most online casinos today. Lack of security measures may put users and their data at high risk. If you want to boost the credibility of your platform and so is trust amongst the players, ensure to add security features like anti-fraud modules. It helps you safeguard the software and its users from suspicious activities or cyber-attacks. The more secure your online casino is, the more players will trust and use it.
6. Risk Management
Risk management is another excellent security measure you must include in your online casino software for improved security. With a robust risk management module, you can monitor and fix the risks that occur on your software. This ensures a secure gaming environment for players.
7. Loyalty and Referral Bonus
Loyalty and referral bonus programs are the most effective strategies for retaining existing players and attracting new ones. Your software must have a program that will reward players for their loyalty and achievements. Players should be rewarded with certain points whenever they bet real money on a game or win the game.
Also, there must be a referral bonus system that will reward players for referring your casino platform to their friends or family. A referral bonus system not only helps you get more players but also helps to keep existing ones.
8. Random Number Generator
Lack of fairness of the gameplay is another most common issue in online casinos, which makes players abandon the platform too soon. If you don’t want a high or any abandon rate for your online casino, ensure to integrate a random number generator. This helps you ensure maximum gameplay fairness and eventually boost trust amongst the players.
9. Multiple Language and Currency Support
If you are willing to attract players from different regions across the world, make sure your casino software supports multiple languages and currencies. Users from different geographical regions or countries should be able to access the platform in their preferred language. Also, they should be able to choose their preferred currency and person transactions seamlessly. If your platform doesn’t support multiple languages and currencies, you may miss out on a considerable number of potential users. You must pay attention to this feature, for maximum expansion and success of your online casino business.
10. Intuitive yet Attractive UI
UI design plays a crucial role in attracting players to your platform and also retaining them. Your casino software should have an engaging UI that can draw users’ attention and interest within a first visit only. This doesn’t mean you have to use a lot of unique components and come up with something uncommon. A complex UI with unique design elements may confuse users and make them leave the platform. Make sure the UI should be simple and intuitive enough so that users can perform actions seamlessly.
Want to Develop a Feature-rich Online Casino Software?
By implementing all the above features into your online casino software, you can attain great success with your business. Some of the above features like VR games may seem difficult to implement. However, an experienced casino game development or software development team can help you make it possible while ensuring the highest quality and performance of the software. Betfoc is one of the reliable names you can consider for this purpose. We have a team of talented professionals who have proven experience in developing and delivering feature-rich, robust casino software and apps. Let us know what features are lacking in your software or if you have new ideas to implement. We are eager to assist you with industry-leading solutions.
However, still many people in the online casino industry are doubtful of the usage of digital currency. Is digital currency reliable? Do people really use cryptocurrency for gambling? What makes Cryptocurrency best for online casinos?
There and there are many questions, online casino owners and entrepreneurs are surrounded with. It is time to find answers to all the questions and embrace digital currency to survive the competition.
Being a reliable casino app development company, we have decided to solve your doubts and help you understand the Cryptocurrency trend. This blog will let you know why Cryptocurrency is better than Fiat money for your online casino.
- What is Cryptocurrency?
- How does it Work?
- Benefits of Cryptocurrency Over Fiat Currency in Online Casino
- Is Cryptocurrency a Future of the Online Casino Market?
- Want to Develop Cryptocurrency-Powered Casino Software?
What is Cryptocurrency?
A cryptocurrency is a form of digital currency that can be traded for services and goods. This digital currency works using a decentralized technology called a blockchain.
Several companies have introduced their own currencies, often known as tokens. You can imagine these as you would arcade casino chips or tokens. It requires you to exchange real money for cryptocurrency to access the services or goods.
Also Read – How to Start an Online Casino in 2021
How does it Work?
When users perform transactions using Cryptocurrency, each of these transactions is written into a digital ledger. This ledger is copied and placed on a network of computers. In this fashion, the transaction that shows only one copy of the ledger can be flagged, which keeps the ledger safe from being hacked and illegal modification.
Besides security, there are many excellent advantages of Cryptocurrency, which makes it the best payment method for online gambling. Let’s understand these benefits in detail.
Benefits of Cryptocurrency Over Fiat Currency in Online Casino
When Fiat currency is used for transactions in online casinos, there comes the role of centralized authorities. This leads to several verification processes before distributing the money to the respective party. And this causes major delays.
However, when using a cryptocurrency like Bitcoin there is no role of a centralized authority. This means there are rarely any delays. Casino game players can withdraw the needed amount whenever they want for a certain period, from their bankroll. This flexibility of withdrawals entices players to stay on your online casino platform for a long time. Thus, if you are looking to improve the user retention rate, adding a cryptocurrency feature can help.
Traditional banking services charge high fees for storage and transactions. Also, when fiat currencies are used in online gambling, users have to bear extra costs like conversion fees, processing fees, etc. But, cryptocurrency being operated on a decentralized technology and with minimal resources, has lowered overheads. Thus, there are no additional costs for transactions or storage. This clearly makes Cryptocurrency a better option for online casino payments.
Players can be assured to have total value from their cash-outs and winnings using cryptocurrencies. Also, players using cryptocurrency get to enjoy casino games at reduced costs. The lowered costs and maximum winning amount, entice players to keep coming back and also attract new players to your platform.
Almost all digital currencies allow instant transfer, deposits, and withdrawals, which can be hardly achieved with fiat currency. Fiat money when used in online casinos, causes extended waiting periods. But, with Cryptocurrency like Bitcoin, the winnings and cash outs are processed within hours, if not minutes. Of course, fast transactions lead to an improved gaming experience, which leads to better player engagement and retention on your casino platform.
Incentives and Bonus
Online casino operators can use cryptocurrency in several ways to grow their customers and business. One such way is offering incentives to the players who use cryptocurrency. This is a cost-effective strategy, as casinos don’t have to deal with overhead costs caused by fiat currency or other payment modes. They can use this money to reward the players with exciting bonuses.
Also Read – Top 5 Secrets of a Successful Online Casino
Ease of Use
Though online casinos accept cashless payments, the process still seems time-consuming due to the lengthy processes. For example, players are first required to deposit money in their bank account and then transfer it to their online casino account. In some cases, players may also need to convert the currency as per the casino’s requirement. But, Cryptocurrency payment makes the whole process seamless and much easier. The money is already in players’ crypto wallet, which is globally acceptable and can be transferred anytime.
Lack of transparency is the most common issue with many online casinos, which leads to an increased abandonment rate. In the past few years, many online casinos were accused of stealing from players right under their noses, using certain tricks. Also, the myth ‘the house always wins’ was widely popular. However, blockchain and cryptocurrency came as a big savior for the online casino industry, bringing an effective solution to this problem.
When using a digital currency like Bitcoin, both the players and the casino owners have to sign on the payments, which is referred to as a digital signature. This transaction is then documented in a digital public ledger, which ensures transparency and accountability. Every transaction is stored and encrypted, ensuring that no one can breach the set protocols. Players can be assured that their money is secured and safe.
Is Cryptocurrency a Future of the Online Casino Market?
Seeing all the above benefits of Cryptocurrency, it is worth saying that this can be a revolutionary trend for the entire online casino market. Due to the improved transparency, security, and payment speed, more and more gamblers will be adopting the Cryptocurrency payment method. Also, operators have opportunities to attract more players, win their trust, and expand their business. In the future, we will see casinos to have become Crypto-powered.