The popularity of Bitcoin as a payment option is increasing day by day. Millions of investors and users are adopting the use of Bitcoin in paying for goods and services. The use of this payment option in esport betting, therefore, depends on this growing popularity.
The Bitcoin network came into existence on January 3, 2009. Nakamoto Satoshi mined the first block of bitcoin on this date, which was worth 50 bitcoins. Since then, the use of Bitcoin has expanded, and quite a number of people and business organizations have become interested in it as a payment option.
With the company located in the United States, the use of Bitcoin as a payment option is more popular in the US than it is in any other country in the world. Its popularity in the US could be linked to several factors apart from the physical proximity to the location of Bitcoin companies, something that increases the level of trust.
The high-level security offered by Bitcoin, lower transaction costs, and faster transactions are some of the reasons why Bitcoins are steadily becoming popular among people. Its use in esport betting will not only enhance its popularity but put also offer convenience to users who already prefer it as a payment option.