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Cryptography and finance security specialists have long been fixated on Bitcoin’s and other cryptocurrencies’ sheer innovation. As the sector continues to move toward mass adoption and traditional finance begins to identify key projects it’d like to invest in, the sports industry is fast becoming an unlikely focal point in highlighting this technology’s multiple practical use cases.
Cryptocurrency has gone from the unknown fringes of finance to companies sponsoring stadiums and professional sports teams and aligning themselves with platforms that allow sports betting with your digital assets. While traditional gambling still maintains the top spot, more people are warming to cryptocurrency in the sports betting industry.
One of the leading experts in this field, Kate Richardson, stated, “For all intents and purposes, it looks like cryptocurrency and blockchain will revolutionize the sports industry. The question is not if it will, but by how much. Companies positioning themselves in the market early for this potential pivot could stand to make significant gains as more people seek out their service.”
Crypto Sports Betting In European Markets
One of the biggest obstacles facing crypto sports betting is the need for more regulation. European markets are more open to the idea than American and UK markets, but this could be subject to change, especially as blockchain companies put their case across to legislators as market leaders of the future.
By looking toward the horizon instead of getting bogged down in traditional gambling payment methods, European sportsbooks cover all possible angles, opening their doors to as many types of bettors as possible. If you’re looking for top information on the best sportsbooks EU, you can explore odds, payment methods and a litany of sportsbooks via many different resources.
While it’s always best to check the legislative landscape of crypto betting wherever you reside, EU sportsbooks are more open to crypto betting than many other areas of the world.
Blockchain In Sports – A Futuristic Outlook
Blockchain technology in sports is still a new concept, but after Bitcoin
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Author: Crypto Daily
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