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  • BetTech powers first licensed bitcoin-only sportsbook

    Posted on 10 June, 2014

    With just days to go until Brazil 2014, the world’s first licensed bitcoin-only sportsbook, BetVIP.com, has gone live – following a partnership with BetTech Gaming.

    BetVIP takes wagers and pays out winnings exclusively in bitcoin and only accepts bets in regulated markets. It has offices in Malta and South Africa and holds a gaming license in Curacao.

    The technology that powers BetVIP is provided by BetTech. Like other BetTech customers, BetVIP will only accept bets from players around the world in legal jurisdictions.

    BetVIP is the brainchild of Cape Town-based digital entrepreneur Daniel Schwartzkopff, a South African business executive with a proven background in the start-up, technology and social networking sectors.

    “BetVIP is a ground-breaking business that we are delighted to partner with. As such a new and exciting concept I am sure that BetVIP will prove to be incredibly popular,” said BetTech Gaming co-founder and chief commercial officer Mark Bosman.

    “Our gaming license and strict bet acceptance policy demonstrates our commitment to the longevity of the bitcoin currency. There is a massive opportunity to provide both a secure and reliable platform for bitcoin holders,” said BetVIP founder Schwartzkopff.

    BetVIP offers pre-match and in-play wagering opportunities across hundreds of markets in international sporting events to online and mobile players.