Swiss igaming software supplier SWISSBET announces the release of its brand-new Bitcoin sports betting platform. Built upon its existing sportsbook software, the new platform is designed for online bookmakers who intend to offer Bitcoin payments for online gaming transactions.

During the past several years financial markets have experienced a rapid and constant expansion of Bitcoin, which now provides a valuable alternative to other means of online payments. Swissbet analyzed and acknowledged a number of successful cases of Bitcoin usage in online gambling and implemented them in its sportsbook betting software.

Using Swissbet Sportsbook Platform online bookies can offer Bitcoins alongside traditional currencies or as the only available means of payment. All of the required transfer gateways and reporting tools have been integrated for both deposit and withdrawal to ensure high-quality betting management experience.

Depending on the jurisdiction, offering Bitcoin as a payment option ensures a number of competitive advantages for online bookmakers:

  • No gambling license required in most markets
  • Possibility to attract new players
  • Reduced or zero taxation
  • Increased customer loyalty
  • Player anonymity option
  • Simple exchange into real currencies
  • Irreversible payment transactions

Bitcoin integration is also offered by SoftSwiss company,  a member of Swissbet corporation. SoftSwiss provides a complete online casino solution which can be integrated with Swissbet Online Sportsbook.

Bitcoin – a cryptocurrency where the creation and transfer of payment units is based on an open-source cryptographic protocol that is independent of any central authority. Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution. The concept was introduced in a 2008 paper by a pseudonymous developer known only as “Satoshi Nakamoto”.  The processing of Bitcoin transactions is secured by servers called “bitcoin miners”. These servers communicate over an internet-based network and confirm transactions by adding them to a ledger which is updated and archived periodically using “peer-to-peer” file sharing technology.

SWISSBET is the trading name of Swiss Interactive Software GmbH – a next-generation Swiss gaming supplier founded in 2008. An extensive experience in the online gambling industry enables the company to offer a wide range of consulting and marketing services. The company works with online casino and sports betting operators from all around the globe, bringing new recurrent and engaged players to various online gaming projects. The company’s product range includes: Sports Betting Platform, Online Sportsbook, Betting Exchange, Mobile (Android, iOS) applications, Betting Shop software and other related sports betting products.