International software house Sirplay has announced the launch of its first Bitcoin sports betting software.
At this year’s ICE, the company already launched a Bitcoin integration on its sportsbook software letting players use it as a payment method. But now, it’s preparing to turn the tables.
Up to now, as a payment method, Bitcoin could be exchanged for the currency chosen by the bookmaker, as if the Bitcoin Wallet were a bank account or a credit card that the player could choose from to deposit/withdraw its account.
But, in this way, the potentialities of Bitcoin betting wouldn’t be exploited fully.
With this launch, Sirplay presents its first Bitcoin sports betting software, using the cryptocurrency in the whole business cycle; from the platform acquirement to the player's cart. Allowing the bookie to avoid any trading risk and, at the same time, to charge its own commissions to players willing to bet with Bitcoin.
Sirplay's decision to design a Bitcoin sportsbook software was pondered but also necessary. In fact, the cryptocurrency growth can’t be ignored.
The virtual currency has become so popular thanks to its numerous peculiarities, like: the high-security system; the easy-to-enter network where to buy/sell cryptocurrencies and the simplicity of its management, without the requirement of any sophisticated technical skills; the privacy of any wallet; the protection against frauds, thanks to the lack of chargeback; the management costs almost free; the high speed of transactions, received in a few minutes without holding periods; its globality, as an online currency it can be used worldwide (where regulated); last but not least, it counts millions of registered accounts and always more people decide to enter cryptocurrencies' world, creating a new market segment.