Teresa Hoy 
Every breakthrough in tech brings its fair share of improvements, even in the most unlikely places. Cryptocurrencies have revolutionized how we view money, the economy, and finance overall, and with its introduction came a new wave of financial freedom for many.
Naturally, industries worldwide have started to take notice of the momentum and adapted to the benefits of cryptocurrencies. From 2022, the sports betting industry worldwide has recorded more than $7.5 billion and is expecting a 70% or larger year-by-year growth – with crypto partially responsible.
Cryptocurrencies Give Freedom
Sport betting laws and the availability of sports differ around the world. While it’s perfectly legal to bet in one country, it may be illegal in the next. But by visiting any of the recommended places from the Bitcoin sports betting sites list that expert Kane Pepi suggests, players with cryptocurrencies can enjoy their favorite games to the fullest and legally. Many of these sites have no-deposit sign-ups, as well as bonuses for new players.
In the same way as cryptocurrencies give financial freedom to users, so too can sports bettors worldwide enjoy what others take for granted. All it takes is to find a site that accepts popular cryptocurrencies and use them like any other means of payment.
Speed and Safety
With worldwide availability comes worldwide class. Betting halfway around the globe on a live match is only possible if the infrastructure can accommodate it. The blockchain technology behind cryptocurrency is responsible for safety and speed powering them. Thus, the transaction speed offered by crypto online casinos that accept them stems from the underlying crypto tech.
Building trust with any customer base takes time, and sports betting sites aim to establish a long-term relationship, where the added layer of encryption that the blockchain tech provides serves as a solid foundation for current and future crypto players. Because cryptocurrencies don’t rely on any unifying financial body and are decentralized, they can flow faster between any user and recipient, overtaking other types of monetary transactions.
New Ways of Playing
Breakthroughs in technology bring innovation, and crypto is packed to the brim with them. The option to implement tokenization and NFTs in sports matches gives the player an option to own virtual assets of their favorite team. Just like physical collectable cards, NFTs and tokens are their virtual counterparts, but expanded. Trading NFTS is infinitely faster and more secure, where owners can exchange or buy them for various cryptocurrencies. Incredible moments in sports, past and current sports heroes, iconic memorabilia, etc, and anything related to a sports brand can and is becoming an NFT.
New Markets
As the saying goes, birds of a feather flock together. E-sports and crypto are both new aspects of our traditional take on sports. E-sports, too, are growing in popularity, and 2023 recorded over 31 million e-sport viewers, generating more than $260 million in revenue.
Various new e-sport leagues (like from multiple games like Counter-Strike, Valorant, and League of Legends) or from traditional sports encapsulated in fantasy leagues, have brought the need for crypto because their audience wishes to bypass any local restrictions or slow implementation.
Final Thoughts
Looking back at the past decade, it’s hard to imagine the scope and scale of development made in our world. Each day presents a chance for us to learn and implement new tech, often leading to incredible outcomes. One such fusion became crypto and sports, leading to our modern athletic scene. Whatever happens in the next ten years will for sure be equally breathtaking and useful for the rising player base.
