BetVIP, the world’s first licenced bitcoin sportsbook, are doing things differently. Sports betting, the act of gambling on the outcome of a sporting event, has existed for centuries, but BetVIP are determined to bring it up to speed with the 21st century.
They have created their own online and mobile bookmaking platform which deals in the bitcoin currency, both in taking wagers and paying out winnings. There are a number of benefits to using bitcoin, from the fast transactions, the low costs of bitcoin exchange and the growing strength of the currency itself.