2021-09-17 05:36:00

The Crypto-Boom and Its Influence on Sports Betting

The cryptocurrency frenzy seems to have taken over the entire world. What was a simple idea just a few years ago turned into one of the most lucrative phenomena of the past decade. Nowadays, more and more businesses are accepting cryptocurrencies as a method of payment. People are buying clothes, food, and even real estate with Bitcoin. What is more, they are even using this new-age currency to place bets. However, even though blockchain technology has proven to be one of the safest transaction methods in the virtual world, there were certain people who used the rise of crypto to manipulate the sports betting industry. In this article, we’ll take a more detailed look into the different effects that crypto-boom had on online sports betting.  It Made Payments Easier Even though cryptocurrency is yet to be accepted by some of the most reliable sportsbooks in the online world, those that have included this method of payment have seen many satisfied bettors on their platforms. Mostly because cryptocurrency transactions are almost instant. And no matter if players use them to make a deposit or withdrawal, they don’t have to wait long until their money is where they want it to be. However, the acceptance of crypto is different from one country to another. While some of the best West Virginia sportsbooks with amazing welcome offers are still a long way from using crypto as a method of payment, there are many sportsbooks outside ...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.