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Bitcoin, Litecoin, or Ethereum - Which Is Better For Sportsbooks?

Written by:
Guest
Published on:
Dec/07/2017

Bitcoin, Litecoin, and Ethereum have become the 3 most popular digital currencies in the world. Bitcoin is the most popular while Litecoin was designed to be a Bitcoin alternative.

Ethereum is different from Bitcoin and Litecoin.

Once agents decide which cryptocurrency they want to use in their sportsbook, they should find a sportsbook that offers the best available deals, like waiving the transaction fees on cryptocurrency. 

Pay per head agents should keep reading to find out which of the 3 is best for online bookie agent run sportsbooks.

Bitcoin, Litecoin, or Ethereum?

The best way to figure out which of the 3 most popular digital currencies is best for agents is to first list the pros and cons for each. Then, we can discern which is best for the bookmaker.

Bitcoin

Pros: Well-known. Has been adopted as a legitimate currency in Japan. Not regulated by central banks.

Cons:  Transactions aren’t as fast as Litecoin. There’s an investor bubble in Bitcoin that might burst.

Litecoin

Pros:  Faster than Bitcoin. No bubble. Easier to scale than Bitcoin.

Cons:  Speed is relative. Litcoin might not get any faster while Bitcoin could.

Ethereum

Pros: Ethereum Alliance purports that Ethereum is here to stay. Ethereum deals in peer-to-peer contracts, not peer-to-peer currency. That makes it different from Bitcoin and Litecoin.

Cons:  Possibility for central bank regulation.

Which Digital Currency is Best for Per Head Agents?

Ethereum is most likely to be the currency that the world adopts as important to everyday living. The reason is because J.P. Morgan, Microsoft, and other major corporations are a part of the Ethereum Alliance.

Also, Ethereum isn’t an actual currency per se. Ethereum deals with contracts through the Ethereum platform.

This makes Ethereum a decent digital currency for agents, not the best. Why? Regulation is a big deal. One of the important aspects of working with digital currencies is to bypass the need for credit card interference.

Credit card companies don’t need to know why you are depositing money into a per head company.

Credit card companies don’t need to know why your players are paying you via their credit cards. Yet, credit card companies interfere with transactions, and charge fees, all the time.

The fact that Ethereum is a platform, means that regulation is likely to follow. It’s just like how the government forced Amazon to charge taxes even though Amazon is a platform on the Internet that combines buyers and sellers.

Again, working with Ethereum isn’t a bad thing. Ethereum just isn’t the best digital currency for online bookies. What is? Bitcoin.

But Why Bitcoin?

The reason is because Bitcoin is the best-known currency, it’s also been adopted by one of the Top 5 economies in the world, Japan’s, and there’s no way for central banks to regulate it.

It’s important to know that the price of Bitcoin won’t affect per head agents running their businesses with Bitcoin. Currencies translate back and forth.

So, even if the bubble bursts for Bitcoin investors (and it will burst), that won’t affect the value of American dollars you have in your sportsbook.

Just remember to not keep the money in your sportsbook in Bitcoins. Keep the money in your sportsbook in dollars, or pounds, whatever the traditional currency of choice you like.

Then, perform transactions in Bitcoins. That way, you can remain safe from the bubble bursting.

PayPerHead.com knows the importance of cryptocurrency and understands each agent wants the option of choice.

That’s why they waived the transaction fees for their agents. Oh, and right now, they’re offering 5% rebate on all BITCOIN deposits up to $250.

Becoming an online bookies has seemed more lucrative. So, what are you waiting for?

With waived transaction fees for cryptocurrency, PLUS a rebate up to $250 on bitcoin deposits you can keep your cash where it belongs - in your wallet!

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