Advantages of Using Bitcoin at Realbookies
When it comes to online bookie software solutions for the Internet sports betting industry, Realbookies.com has been on the forefront of revolutionizing the way that independent sports bookmakers run and manage their own sportsbook.
Gone are the days when you would have to sit by the phone to manually book all the action coming in and just over the past few years we have witnessed a dramatic shift to personal computers and mobile hand-held units with Internet access as the primary means for placing sports bets.
A big part of these rapidly changing times have been companies that lead the way in technology as opposed to following in the footsteps of other innovators. All the top Pay Per Head sites such as Real Bookies have continually made the necessary investments in time, money and manpower to help private bookies just like you successfully level the playing field with the big offshore sportsbooks operating online.
You now have the ability to offer the same online sports betting options that the big players in this industry can and you also have the built-in advantage of offering a much higher level of customer service and additional attention to detail that the big offshore books simply cannot match.
One of the fastest growing innovations in the Internet sports betting industry when it comes to the payment of services is Bitcoin. Many of the top online sportsbooks have added this payment option to their menu in recent years and most of the top Pay Per Head sportsbooks like Real Bookies are accepting Bitcoin as payment for the online bookie software services they offer.
In the simplest of terms, Bitcoin is a virtual form of digital currency that is not tied to any central banking institution. It exists in an online free exchange environment and its actual value fluctuates depending on that day’s trading value. The biggest advantage to using Bitcoin is the fact that it is not tied to a central bank so in essence it cannot be controlled by any one large financial institution.
It can be transferred electronically and given that it is bought and sold through an online exchange, there are often very low fees associated with any type of transaction.
Conventional currency has always been based on tangible products such as gold and silver. When Bitcoin was first founded in 2009 by a software developer named Satoshi Nakamoto, the general concept was to base an online currency that could be bought, sold and traded on certain mathematical theories as they apply to supply and demand.
While the mathematical theory surrounding Bitcoin can get a bit technical, the basic advantages of using this as a form of currency are not. One of the biggest advantages is the fact that Bitcoin is decentralized. It is not control by any central authority or governing body so its value is always protected by the network it serves.
Setting up merchant accounts for Bitcoin is a fairly simple process which is one of the main reasons it has become so widely accepted in the online gaming industry. Best of all, setting up a Bitcoin account can be done in a very short matter of time with no additional fees or set-up costs.
Another big plus for anyone looking to use Bitcoin as a form of online currency to pay for products or services is that accounts are completely anonymous. They are not linked to any names, addresses or other form of personal identification. Details of every online transaction using Bitcoin are recorded across the entire network in a general ledger known as block chain. This means that if you have a public Bitcoin address, there will be a complete record of all of your transactions. However, they will not be tied to any of your personal information.
While these are some of the general advantages of using Bitcoin as a form of virtual currency, there are also some specific advantages of using Bitcoin when it comes to running and managing your own independent sportsbook. Finding a Pay Per Head online bookie software provider that accepts Bitcoin for the weekly price per head fees you pay for each of your betting customers becomes a major plus. There is nothing more convenient than making a weekly financial transaction from your secure online Bitcoin address.
As mentioned, every transaction from your personal Bitcoin address is recorded in a block chain, but it is not traceable to your bookie business or any other financial information tied to you or your company. It is this high level of anonymity that makes Bitcoin a highly attractive alternative to the more traditional ways that money has been transferred from one account to another in the past.
Whether you are currently using Bitcoin to pay your weekly per head fees or leaning towards that option as a private bookie, keep in mind that ever-changing online technology will continue to shape how business gets done. Bitcoin was once greeted with a high level of skepticism at first and considered to be way ahead of its time just a few years ago. Now it is considered to be the wave of the future when it comes to how online purchases are made.