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—50 BTC, which back then was roughly worth $5,000 or about KSh 643,500. Since then, Bitcoin has expanded worldwide, and businesses and individual players alike are using it as a convenient payment option for esport betting.