First land-based bitcoin slot machines: sooner than you think
Bitcoin slot machines are nothing new to the online world, but with recent events, we may be seeing land-based slots make a shift too.
International Game Technology (IGT) is known for being one of the largest slot machine makers in the world. With both an online and offline presence, some of their slots are incredibly well known. At the beginning of this year, 2021, IGT has made a move toward cashless gambling. By receiving a patent from the US Patent Trademark Office, they can now make land-based slot machines that run on cryptocurrency.
“IGT secured this patent to bolster its industry-leading patent portfolio in anticipation of any possible future direction in regulated gaming involving cryptocurrency.” – Phil O’Shaughnessy, IGT Spokesman
We will not be seeing bitcoin slot machines yet.
As Phil O’Shaughnessy has put it, the patent is for the anticipation of future changes in the gambling industry. However, with this new patent, IGT will be able to create slot machines that allow gamblers to move cryptocurrency from their smartphones onto slot machines and back again. So, winnings will be received in crypto form too.
In the report, Bitcoin and Ethereum were specifically mentioned. This could mean that the focus is on those two but it doesn’t mean there won’t be support for others. A gambler might be able to gamble with Dogecoin too.
IGT are only the first for bitcoin slot machines.
The patent IGT received is only the first example. Many other gambling producers have put forth applications for the same patent. This could mean an even bigger growth in cryptocurrency amongst gamblers. Resorts and casinos might follow suit eventually and allow for cashless options.
If cryptocurrency does become a valid payment option for land-based slots and other casino gambling, would you make the switch too? Perhaps the transition would have to be slower rather than faster to allow the adjustment to take place.
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