Bitcoin Hard Fork
Crypto currencies are the next big thing in the world. It is undeniable by now, that Bitcoin and other types of coins are quickly taking over, and every day more and more people look for this solution for many types of businesses, sports betting included.
Here at www.PayPerHead247.com we do offer the possibility to use Bitcoin or crypto currencies as a type of payment, and that’s why we want you to know how it works, so that you can learn to take advantage of this new and exciting tool that is now available for everyone.
What is Bitcoin, exactly?
It’s 2021 already and we’re sure you already know about this, but if you don’t, Bitcoin is a type of crypto currency, it’s digital money that only exists in the virtual world, so it doesn’t have to go through any bank, or any other financial establishment, as we know them.
It was created since 2009, but now, Bitcoin is really growing and establishing as a real and solid payment solution, as more and more companies, and people in general, are using them for any kind of transaction. There are no middlemen when you use any type of crypto currency, it’s completely anonymous and immediate, you can buy or sell using an app on your phone, and you can also “cash out” any amount at any time, if you want to switch back to dollars, or regular money.
What is a Bitcoin Hard Fork?
It’s a relatively new term, but it makes sense as these new technologies start evolving and settling into the day-to-day world.
A hard fork is basically an update, or a new trend, it’s a change that has been made to a network’s protocol, and it requires all users to upgrade to the latest software. This results in two different branches, or a “fork”, where some people stick to the old protocols, while others immediately follow the new and upgraded version.
These upgrades happen not only for Bitcoin, but for any other type of crypto currency out there, like Ethereum, for example, and the way to see it is just like that, like the normal evolution that these technologies need in order to keep improving.
Why is Bitcoin important for my sportsbook business?
We all know that when it comes to sports betting, safety and privacy are both extremely important. Bitcoin allows you to settle with your players, or make any types of payments anonymously and immediately, avoiding any type of contact or transaction that could be traceable for any of the parts. Once you get to know the benefits of using these methods, and your players learn to use it as well, things could be a lot easier for you both.
If you want to know more about this, please go ahead and visit us at www.PayPerHead247.com, and we’ll be happy to share more information with you. This is one of the many different ways in which we can help you and your sportsbook operation be successful.
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