Most of the leading Pay Per Head software providers are accepting digital currency as one of the payment methods. In fact, Bitcoins is the main example that grows rapidly and becomes what people need most within the online gambling industry. Continue reading this article and learn why Bitcoin is important to bookie business.
One of the biggest reasons why Bitcoin grows in popularity and becomes a need in bookie business is its safety. Nowadays, credit card number can easily get stolen and personal accounts can be hacked. But digital currencies such as Bitcoin are more secured because they can be recorded on computer drives with no personal info attached. Besides, Bitcoin uses blockchain protocol which is the dual-key system to store and protect digital funds for extra security. As long as you take the proper measures to protect your public/private keys, they are actually impossible to steal or hack.
Bitcoin is a form of currency that is not tied to any banking entity or financial institution. Which means that there are no regulations or government involved and Bitcoin is unencumbered. Besides, it doesn’t require any personal sensitive information to open the account or to use its service; therefore, user can have the major privacy than other payment methods.
Bitcoin is the real-time cryptocurrency so you are able to deposit and withdraw the funds quick just like using cash. There is no delay on the transactions and you don’t need to wait 5 days for the banks to check up your financial records any more. As a result, you will be able to keep a steady cash flow in your book at all times because you can pay out and collect the money instantly.
No middle man
Bitcoin lets bookies pursue their business goals without bureaucracy getting in the way because there is no financial middle man involved. In other words, Bitcoin uses peer-to-peer currency network and bookies are totally entitled to their own money.