Bitcoin Used for New Sportsbetting Platform

Aug 27, 2013
Bitcoin Used for New Sportsbetting Platform
The topic of Bitcoin as virtual currency has been a popular one in the gambling industry and Swiss software developer, Betting has created a new online sportsbetting platform using this currency.

The company did its research on the success of Bitcoin which was used in the content of the platform.

The platform itself gives leeway to operators in terms of exclusively using Bitcoin for transactions or as a currency arrangement with the necessary tool to process both deposits and withdrawals. Also, the company's subsidiary, SoftSwiss operates an online casino that may include the new sportsbetting product.

According to Betting, the product benefits are:

Providing players with wider choice and convenience, attracting new depositors.

Taxation advantages

Where required, player anonymity

Uncomplicated conversion to traditional currencies

Irreversible payment transactions
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