Popular Crypto Sports Betting Platform, Betmatch, is Using Blockchain Technology as a Solution
Betting on sports is always risky – you can lose a wager that you rightfully may have just won because of something as simple as human error, whether intentional or otherwise. And it’s scary to think of losing a significant payout, or any gains really, as a winner (or as the one who should have won).
Takes the fun out of betting, doesn’t it?
A $40 billion industry runs on the discretion of just a few people who record the data, and if wrong, it is one mammoth task to demand your rightful earnings. Especially if you have no access to the backend of a betslip.
Betmatch.io saw the need for a solution, a better way, that makes bettors feel assured that their bets can’t be canceled, changed, or leave them feeling ripped off. And as a crypto sportsbook, Betmatch crafted the perfect one – using blockchain technology and a decentralized network to revolutionize the sports betting industry.
Why blockchain? Because it ensures complete transparency through which the bettor can view all the terms of the bet. Blockchain also lets a platform accept bets that do not require KYC, Know Your Customer, to ensure greater anonymity.
Ivan Chebotaev, CEO of Betmatch.io explained how his team ventured into the unexplored territory of using blockchain to secure sports bets.
“Our experience in digitizing classical business models is what allowed us to quickly identify the shortcomings in the existing control systems, management, and functionality of absolutely all of our competitors. This is the only working solution on the market, so in some ways, we were not only developers but also researchers.”
The Betmatch platforms function on a private blockchain that is super-fast and free for all the users.
To explain why exactly, Ivan said,
“The emergence of blockchain betting has been a logical development. However, the main idea was rather the particular technological solution designed to increase transaction speed, since the appearance of blockchain betting was only a matter of time, depending on how long it took to sufficiently develop this technology.”
“We decided to start by solving this problem ourselves instead of waiting for a global solution to the blockchain bottleneck problem to appear. This is what we consider to be unique about Betmatch.”
Betmatch stores all the relevant information about the bet – the type of bet, its odds, outcome, and associated wallet IDs so that one can easily contact the team with regards to a specific problem. If unhappy about a certain feature, it is more than willing to update the platform based on client suggestions.
As of now, you can place bets on Betmatch by using the following cryptocurrencies: Bitcoin, Ethereum, Llitecoin, and its own token, XMB (Betmatch Token). In addition to sporting events, Betmatch also offers a selection of e-sports (egames are becoming wildly popular nowadays) to place wagers on, as well as its own casino.
The best part – the signup is instant and requires only an email address to get started. You can visit betmatch.io to register an account and get started on a hassle-free world of betting.
Disclaimer: This is a paid press release from Betmatch. BitcoinExchangeGuide does not endorse nor are we responsible for the content included in this paid release. We encourage all of our readers to do their own research before interacting with any company or project featured on B.E.G.