Cryptocurrency News

Sportsbet.io, betting platform integrates Litecoin for payment

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Sportsbet.io, a leading multi-currency sportsbook yesterday partnered with Litecoin Foundation to enhance the alternative payment abilities for betting. Now players at Sportbet.io will be able to deposit, win, play and withdraw in LTC. Though this is not the first digital currency used in the sportsbook as the platform already equips payment alternative via BTC, ETH and SOC coin including 11 fiat currencies.

Comparing Litecoin’s integration in various other sports betting platforms, the growing demand for Litecoin payment alternative caught the attention of Sportsbet.io team.

Competing with the Coingaming Group, the Sportsbet.io platform offers a wider variety of digital currency options. Furthermore, sister site, Bitcasino.io started to implement Litecoin into its gaming platform in February, that saw a significant increase in deposits up to 22%.

Back in October 2011, Litecoin was formed as Bitcoin’s fork and now the currency is hovering between the 5th and 6th position in coinmarketcap. However, the currency is the third most preferred coin behind ETH and BTC offering the players lower transaction fees and rapid processing speed on the network. The current market cap of Litecoin is slightly behind EOS at $4,879,687,520.

According to Joe McCallum, Director of Sportsbook at Sportsbet.io:

This is just another example of how we always follow up on customer feedback and offer new features that other sportsbooks don’t have.

Every step we take at Sportsbet.io is made with our players in mind, it only makes sense to integrate more currency options, fiat and crypto, to make our site even more fun, fast and fair for all.

Earlier this year the leading online bookie announced its sponsorship debut ahead of the Sportsbet.io CONIFA Euros 2019, set to take place in June this year.

The betting platforms foresee many benefits of using Litecoin compared to the other traditional methods of money transfer. Thus when it comes to speed, cost and privacy, Litecoin is the most preferable.

The major advantage of using LTC at betting sites is that there is no withdraw or deposit fee. Additionally, being significantly cheaper, litecoin performs faster transaction than current cashier methods.

Although some people mistakenly perceive that the cryptocurrency services provide complete anonymity. However, that is not all true, but it does a great job by not revealing any identity to the online world.

 

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