Since the advent of cryptocurrencies like Bitcoin in 2009, this new currency offering an alternative to fiat money has been consistently on the rise. Today, it has found its way into numerous fields, from commerce to automobiles, and even the audiovisual industry.
The world of sports betting, of course, isn’t staying on the sidelines of this constant evolution. Dependent on this payment method, discover sports betting bonuses.
Some stores accepting cryptocurrency payments in France
Even though the legal status of cryptocurrencies is still not clear in France, they are already entrenched in certain businesses like Boulanger. According to the site fr.beincrypto.com, many other sectors have been captivated by the progressive expansion of this new payment method.
Examples include the electric car giant Tesla and Sephora, known in the cosmetics industry.
The coverage is certainly not as extensive as in the United States, but more and more companies are aligning with this new trend. The fact is that blockchain technology offers numerous opportunities, especially concerning security. Traceability is much smoother and clearer with this technology compared to the conventional tracking system used by fiat money.
The use of cryptocurrency in the online betting world
Currently, cryptocurrency sports betting is not regulated in France. Its status is as unclear as that of cryptocurrencies themselves. Thus, it is possible to make deposits and even withdrawals using cryptocurrencies like Bitcoin. Sports betting sites outside ANJ, such as 1XBet, offer this type of service. Regarding bookmakers under ANJ, there are almost none that allow this type of payment.
However, alternative solutions allow for reconciling money and cryptocurrency. This is the case with dedicated bank cards.
Cryptocurrency cards: the compromise
To be able to bet on sports betting and online casino sites approved by ANJ using cryptocurrencies, the alternative available to you is to use cryptocurrency cards. These debit cards are linked to trading platforms offering the cryptocurrency you wish to use. The cards will deduct the amount in cryptocurrency and automatically convert it into fiat money. Of course, fees will be applied depending on the platform you use. This presents advantages but also disadvantages that need to be weighed before engaging in such operations.
Among the most well-known cryptocurrency cards, we can mention:
- The Binance card, which is a pioneer in the field. This card supports
many cryptocurrencies including BTC, SXP, and BNB.
- The Coinbase card. This platform is one of the most renowned in the cryptocurrency market. It is well-known and will allow you to perform various operations.
- The Wirex card has the advantage of working via MasterCard. It is possible to have an account similar to a conventional bank account and thus carry out banking operations linked to fiat money.
For now, bookmakers do not yet directly offer payment by cryptocurrency unless you go through alternative means mentioned in this article. While waiting for this to materialize, continue to seek out the best sports betting bonuses.
