Tuesday August 27,2013 :  BETTING ON BITCOIN
 
Swiss software developer releases Bitcoin-based sports betting platform
 
Cashing in on the growing popularity of the Bitcoin virtual currency, Swiss software developer Betting has launched a new online sportsbetting platform designed for operators who intend to use the currency in wagering operations.
 
Betting is the trading name of Swiss Interactive Software GmbH, a Swiss gaming supplier founded in 2008 with extensive experience in the online gambling industry through its consulting and marketing services.
 
The software company says that its pre-design research included a close study of Bitcoin operational success stories, which informed the general structure and content of the platform.
 
The platform is sufficiently flexible for operators to offer Bitcoin as a sole transaction base, or as part of a more conventional currency arrangement, with all of the required transfer gateways and reporting tools integrated for both deposit and withdrawal processes.
 
Betting lists the advantages of using its product as:
 
Providing players with wider choice and convenience, attracting new depositors.
Taxation advantages
Where required, player anonymity
Uncomplicated conversion to traditional currencies
Irreversible payment transactions
 
Betting's subsidiary, SoftSwiss, provides an online casino solution which can be integrated with the new sports betting platform.