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Is Bitcoin still the preferred method to send payments?

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We get lots of questions about payment methods that really work and give quick and efficient solutions for agents and players. There are many different payment method options, as you probably already know, and things have been constantly changing through the years, but now, in this era of technology and information, itís important that you get to know and adopt the smartest solution, and thatís Bitcoin, or crypto currencies.

Is this the preferred method out of all? Itís right up there, and the reason is quite simple, itís safe, itís easy, itís strictly confidential and online.

If youíre in the sports betting business you already know how important it is for you as a bookie, and for your players as well, to be able to keep things confidential, and have a secure way to move money around. Bitcoin gives you exactly that, because information is completely encrypted, your money will never pass through a bank, and your personal information is practically irrelevant and unnecessary, all you need is a code to be able to do your transaction, and for the other person to get it.
Is Bitcoin the only cryptocurrency available?

Of course not, Bitcoin is the one that we got to know first, so most people are familiarized with the name, or just assume that cryptocurrencies in general are called like that. However, Bitcoin is just one of the names, or brands, to put it that way, of cryptocurrencies you can use, but there are lots more.
Bitcoin Cash, Litecoin, Ethereum, Tron, Tether, Ripple, Libra, Monero, are just some of the most popular ones out there, and you can use any of them. Here at we have made ourselves familiar with this whole solution and we can guide you on how to use them so that youíre able to keep up with times and trends, and offer your customers all the different solutions that are available in the market right now.

What is a cryptocurrency exactly?

To put it in simple words, cryptocurrencies are virtual money that exists only online, under decentralized systems and cryptographic codes, which make this method basically untraceable. Some companies have already created credit cards so youíre able to use them in any type of commerce, but mostly, cryptocurrencies like Bitcoin or any other, remain almost completely online. You can have your account, or accounts, under different wallets, and be able to access them on your phone through an app, or online on your desktop computer.
What you do is that you basically exchange regular money for these virtual coins, and each coin has a value, which can go up or down depending on different situations. However, the tendency is always on the upside, which makes this type of method even more appealing, because the longer you keep it in your wallet, youíre probably going to end up having a little bit, or sometimes a lot, than you started with.

If you want to know more about this and how you can implement it in your sportsbook, go to right now or give us a call, and weíll make sure to guide you in the right direction.
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