Bitcoin and eSports are two massive tech giants. They lead their respective industries and the partnership they have built up is a perfect compliment for both industries. They help one another boost their sales with Bitcoin offering a lot to eSports. Bitcoin offers making gambling with eSports easier, it’s viable security process, and partnering with Twitch.tv, a livestreaming platform dedicated to eSports.
Making Gambling with eSports easier
Online gambling has been around for a long time, but gambling was introduced to eSports when it grew its immense popularity. eSports advertisements earned 325 million USD over 2015 and almost double (493 million) in 2016. Currently, 250 million people are taking on eSports worldwide, the interest of the public, whether in betting or competing have proven a hearty backing to the games. It’s no wonder a lot of Bitcoin players are setting bets on eSports.
Bitcoin being a digital currency, its transactions can be fast, if not immediately. Bitcoin payments can be confirmed within minutes. Comparing that to a usual bank transfer which usually take 3 business days to complete. With this incredibly fast transactions, players may cash out their winnings within a day. Its cost effectiveness is beneficiary to players since Bitcoin payments are cheaper than traditional payments, which means more possible profit for the players.
It’s Viab
le Security Process
A person’s privacy is usually important to certain people and with Bitcoin’s anonymity feature, that does not ask for any personal information when creating accounts through Bitcoin, eSports betting can be done at your own privacy, with no links on your name and personal accounts.
There are some countries that do not allow gambling and through Bitcoin, it can be done without risks. With this payment method, casual gamers can continue to bet on CSGO gambling sites without worries.
Partnering With Twitch
Twitch is the livestream platform that allows different games, whether on console or PC, to be broadcasted by different players through the internet. Twitch has been the platform to broadcast major tournaments and even just common games. With more than 45 million monthly viewers, their traffic has allowed promoters to use the livestreaming website to be their official broadcasters for many tournaments.
Leading the internet broadcasting space has pushed Twitch to add Bitcoin as a donation method to steamers or the person who is broadcasting their games live. This donation method through the company ChangeTip, has helped viewers to easily send tips to streamers with lower fees, giving anonymity, and a faster way to deposit money. Also, the streamers also has lower withdrawal fees with Bitcoin donation method.
Conclusion
Bitcoin is still in its infancy stage, and there is still so much to learn and improve on the cryptocurrency but at this early stage it is being advantageous with different people who regularly transacts money online. The future of Bitcoin is definitely on the rise. With eSports growing popularity which seems it won’t end in the near future, both of them joining forces can be game-changing for everyone.
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