How Blockchain Could Change Player Trust in Sweepstakes Games

Blockchain technology is revolutionizing industries from finance to entertainment. Is it any surprise that online casinos are now using this technology to increase player trust and secure vital information?

Even though most sweepstakes casinos have yet to utilize blockchain technology, a few brands have integrated it into their platforms via cryptocurrency payments and redemptions.

Let’s look at how blockchain technology could increase player trust in sweepstakes casinos, from payments to player data and game results.

4 Ways Blockchain Could Increase Sweepstakes Casino Player Trust

Here are the top four ways sweepstakes casinos could utilize blockchain technology to increase player trust and enhance security.

1. Secure & Reliable Crypto Payments

Blockchain-based sweepstakes casinos would need to utilize cryptocurrency payments and redemptions.

Currently at sweepstakes casinos, your payment information is stored on the platform. This makes it convenient for players who don’t want to enter their bank details each time they make a transaction; however, your banking information could be intercepted if there’s a data breach.

With Crypto payments and redemptions, you simply enter your crypto information manually each time you make a Gold Coin purchase or Sweepstakes Coin redemption. Your payments and redemptions are fast and secure, as crypto redemptions are often processed immediately.

2. Less Chance of Cybersecurity Threats

Your payment information is generally stored on sweepstakes casino websites, but that’s not all: sweepstakes casinos also collect other player data, such as phone numbers, mailing addresses, emails, and birthdates.

All of this information could be compromised in the event of a security breach.

With blockchain technology, your information is more secure. Blockchain technology is decentralized, meaning that data is stored in different blocks, and there’s less chance of your personal data being compromised.

3. Faster Redemptions

Sweepstakes casinos often manually approve redemptions before they’re processed. With blockchain technology, redemptions can be processed immediately in most cases – something that crypto sweepstakes casinos are already doing.

For example, Stake.us, which uses crypto payments and redemptions, processes redemptions immediately. You simply enter your crypto details, and you can receive your funds instantly after the transaction has been processed.

This is because Stake does not need to manually approve redemptions. If more sweepstakes casinos embraced blockchain technology, they could increase player experience and retention.

4. Transparent Game Outcomes

Since all blockchain transactions are recorded on decentralized ledgers, players can feel confident that the outcomes of games are fair and truly determined by algorithms, including RTPs and RNGs.

Potential Downsides to Sweeepstakes Casinos Using Blockchain

Of course, not everyone is ready for blockchain technology. The biggest potential downside to sweepstakes casinos using blockchain technology is that all players would need to use cryptocurrency for payments and redemptions – something that not every player has access to.

Yet, as players become increasingly more conscious about the storing of their data and payment methods, they might be willing to dip a toe into cryptocurrency waters to gain a little more control over their data.

Will we see more and more sweepstakes casinos utilizing blockchain technology to increase player trust? The answer is a resounding yes – it just might take some time for them to incorporate it into their platforms.