As banks have started to limit the number of free transactions to consumers, coupled with waive off of charges on merchant payments (NEFT, RTGS), the market will create an immense opportunity for revenue generation to the ecosystem players. Indian merchant digital payments ecosystem is yet to be tapped, while the consumer payments wing is looking lucrative for start-ups, Fintechs, tech firms, and lenders. Since, UPI 2 has already been put up in place, Indian digital payments ecosystem will see heavy number of cross-border financial services, insurance & fintechs entering the market place.

1. Bitcoin in gambling
Bitcoin is a type of cryptocurrency/digital currency which does not have a bank or
administrator. It can be sent from one person to another without any middlemen using a
network. It works using cryptography and blockchain techniques. Although not much people
know about its exact date of inception, it is said to have originated sometime in 2009. Today
there are more than 6.2 million users of this cryptocurrency.
Apart from its mainstream uses, bitcoins are now venturing into gambling. Although online
casinos have existed for a long time, some of them have used the recent trends of bitcoins and
cryptocurrencies and have invested into their business. PayPal is a payment method which is
used frequently for online casinos as it is a secure mode of payment and it also enables faster
processing of transactions. There has been a rise in the trends of bitcoin casinos. It started from
casinos accepting payments in bitcoins and now it has ended up with bitcoin only casinos. It is
leading the market because cryptocurrencies are used as payments and are also deposited into
the account. This also enables people to withdraw winnings on any currency.
Here are some casinos which gamble on bitcoins and their USPs:
Name of the
casino
Interesting feature
Bit Starz Provably Fair, Huge Game Variety, Quick Withdrawals, Good Support
Fortune Back Provably Fair, Licenced, Good Game Variety, Sportsbook
Cloud Bet Regulated, Secure Custody, Fair Gaming, Low Minimum Bets
M Bit Casino Gigantic Game Library, Regular Bonuses, VIP Program
Bitcasino.io Play for Fun, Sports betting, Themed Games
Bitcasino.us Dedicated Customer Service, Tournaments, US Friendly
Usage of online casinos comes with some limitations such as verification details which is a
complicated process. This is eliminated in bitcoins as the transaction fee, deposits and
withdrawal are extremely cheap, despite the high installation costs. They also offer anonymity
and security, which other casinos cannot offer.
The legal scenarios of bitcoins vary from country to country. Some countries like UAE, Egypt,
Bolivia etc have imposed a complete ban on cryptocurrencies and some countries like China,
Taiwan, Iran, Macau etc have an implicit ban.

2. However, the worldwide scenario of the bitcoin gambling market has made an interesting
double-digit growth rate. CXOs have ended up predicting that this will continue until 2021 as
there is an expected rise in the smartphones, laptops, tablets peentration.
Higher adoption of bitcoins has resulted in development of trust and confidence amongst the
people in a financial transaction. Bitcoins are made as a favorable gesture through a process
called mining as they can be exchanged for monetary items. A survey conducted by University
of Cambridge revealed that amongst the people who used mobile wallets, a majority of them
use bitcoins. This is due to a computerized money wallet which runs on programmed
technologies.
Different patterns to look out for in 2019 incorporate expanding directions from outside
governments on cryptographic money and new technological extensions past Bitcoin-
exclusive betting locales.