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62 Insane Facts About Bitcoin

Monday, November 27, 2017

Bitcoin is a virtual currency that uses Blockchain technology for secure payments and storing money electronically, without requiring a bank or a person’s name. Satoshi Nakamoto created this cryptocurrency back in 2009. The biggest advantage of Bitcoin is that it’s not under control of central authority, government or private company, so people are free from paying transaction fees. It can be used for booking a hotel or flight, or purchasing products online, as many online stores and companies accept Bitcoin now.

Today, there are 1354 Bitcoin ATMs in 55 countries around the world and about 5.8 million users that have digital wallets. The price for one Bitcoin at the moment is $5,602 and it’s growing continuously, proportionally with the interest for digital money.

Take a look at this infographic, created by the team behind BitcoinPlay, that illustrates in details some interesting facts about this incredibly popular virtual currency.

[Infographic – Updated October 2017]

Why Bookies Still Care About Digital Payments

The infographic above captures a moment in Bitcoin’s public story. Prices, ATM counts, and wallet estimates move over time, so treat those figures as a snapshot from when the graphic was published rather than a live market board. What has not faded is the reason agents asked about crypto in the first place: players want a funding path that feels fast, and bookmakers want settlement options that do not depend on a single bank rail.

Digital assets do not replace line management, grading, or customer service. They sit beside the sportsbook as one more way to move value when both sides agree on the rails. That is why a modern pay per head conversation often includes crypto alongside cards, crypto-friendly processors, and the usual agent–player arrangements you already know.

Curiosity is healthy; improvisation is not. If you add Bitcoin or another asset without written rules, you inherit arguments about timing, fees, and conversion rates. Put the policy in plain English before the first deposit lands.

Practical Uses Inside a Sportsbook Operation

Player deposits and withdrawals

When a player asks whether you “take Bitcoin,” they are usually asking two quieter questions: how fast credit appears, and how messy the cash-out will be. A clean process spells out minimums, network fees the player is responsible for, and confirmation rules before a balance is released for wagering. Ambiguity here creates support tickets that have nothing to do with the spread.

On the agent side, the same clarity protects your float. You want a ledger that shows when a crypto payment was received, when it was credited, and how it maps to the player account in your bookie software. Mixing informal spreadsheet notes with production balances is how small shops lose evenings to reconciliation.

Separate “pending” from “playable” in your own head and in the player’s. A transaction that is visible on-chain but not yet credited under your house rules should never look like spendable balance in chat. That single habit prevents most crypto-related disputes.

Agent-to-service settlement

Some agents also settle with their pay per head provider in crypto when that option is offered. The appeal is timing and fewer intermediary steps. The discipline is identical to any other settlement method: confirm addresses, keep a paper trail, and never treat a mempool sighting as a final receipt until your provider’s rules say the funds are good.

Use a dedicated wallet workflow for business settlement. Do not mix personal experiments with agent remittances. Label transfers, store confirmations, and reconcile against your weekly invoice the same day you send funds.

Risk, Recordkeeping, and Player Communication

Crypto does not remove risk; it changes the shape of it. Network congestion can delay a credit. A mistyped address is rarely reversible. Price swings between the moment a player sends funds and the moment you agree on a dollar figure can spark arguments if you never wrote the conversion rule down. Put the rule in the welcome message: which rate source you use, when you lock it, and who pays on-chain fees.

Keep support language plain. Players do not need a lecture on blockchain theory. They need to know whether a deposit is pending, confirmed, or rejected, and what to do next. Train whoever answers player chat to escalate payment puzzles quickly instead of guessing. That habit matters as much as the wallet software you pick.

Also decide what you will not do. If you are not prepared to support a particular network or token, say so up front. Narrow rails that you operate well beat a long menu you half-understand.

Where a Pay Per Head Partner Fits

AcePerHead has been building sportsbook infrastructure for agents since 1998. The core product is still the managed book: lines, grading, reporting, and coverage so you are not running a call center from your phone. Payment flexibility—including crypto where available—sits on top of that foundation. If you are comparing providers, weigh the sportsbook itself first, then ask how deposits and agent settlement work in practice.

New agents sometimes start from the business basics before they touch wallets and networks. Guides on how to start an online bookie business and on what pay per head means day to day are useful context before you redesign funding flows.

A strong partner will not pretend crypto is magic. They will tell you what is supported, what is still manual, and how ticket credit interacts with payment status. Ask those questions during a trial, not after you have moved your busiest players.

A Sensible Next Step

Use the Bitcoin facts and video on this page as background, not as an operating manual. If crypto payments are on your checklist, test them the same way you would test live betting or a new skin: small volume, written rules, and a clear support path. When you want a managed sportsbook package shaped around how you actually work, Create Your Package and review the options with the Ace team before you move real player traffic.

Keep the order of operations boring on purpose. Stabilize the book, document payment rules, then widen access. Agents who chase novelty first spend the season cleaning up exceptions. Agents who nail the basics treat crypto as one more settled rail—and get back to watching the games.