Sirplay - Roberta Belfiore - The shift towards cryptocurrency

Sirplay - Roberta Belfiore - The shift towards cryptocurrency

Tuesday, February 6, 2018 Posted by Michael Lawson
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"Speed is the main element when it comes to Live betting"

Maltese software house Sirplay is a firm in the ascendancy. The sportsbook and gaming software company has started 2018 strongly with a number of high-profile product launches and partnerships, none more so than a recent deal with the Google Cloud platform. We caught up with Roberta Belfiore to find out more.

Totally Gaming: Hi Roberta. Firstly, how important is speed when it comes to the Live betting offering?

Roberta Belfiore: Speed is the main element when it comes to Live betting. Indeed, a big piece of Live betting popularity is the chance of an immediate gratification. Everything needs to happen in very few seconds and the load capacity is the other cornerstone. As a matter of fact, everybody has minimum two devices - often even more than two considering tablets, smart TVs, etc. - and this is becoming a real concern for bookmakers.

The new Live betting module provided by Sirplay has been developed as the fastest available on market, reducing the down times and cutting the economic losses due to servers overloads; supporting up to 2 million users and 40.000 transactions per second!

TG: Do you believe there is potential to bridge the gap between DFS and sportsbook betting?

RB: Daily Fantasy Sports and sports betting are two separate categories, I don’t think there is a gap to bridge actually. They are simply different and one doesn’t exclude the other. In my opinion, they can coexist as two separate gaming solutions where one could complete the other for an ultimate experience, mixing the real leagues’ fan with the ones willing to manage their fantasy team.

On the other side, if we are talking about popularity,of course, there are countries where the gap is massive since DFS hasn’t taken over yet. A lot depends on the market capability to accept news and innovations, together with the insight of the DFS companies to widen their sales channels.

Probably, DFS potential hasn’t been understood in full yet, but its numbers show a constant growth, mainly in countries with a North American influence.

TG: How far into the future to depict that Bitcoin sportsbooks could become a normality?

RB: Cryptocurrency is already becoming a normality, little by little. As a proof, many new virtual coins have been released lately. Despite this, the most important step in this process of normalizing all cryptocurrencies - and in particular the most popular ones like Bitcoin, Litecoin and Ethereum - depends on regulators and governments.

Since last year, we understood the importance of working with cryptocurrencies and decided to start integrating them into payment methods. This was our way to take sides on the matter, for us the future is already normality.

TG: Could you outline some of the steps that need to happen for a cryptocurrency sportsbook to be truly feasible?

RB: Basically, the first steps are the same of a classic sportsbook software license. Then, the first thing to do is defining the main cryptocurrency and keep track of the limits imposed by anti-money laundering legislation, given the virtual currency volatility. There needs to outline a few unambiguous rules to limit withdraw and payment and pay attention to the cryptocurrency activated on the betting platform, otherwise the line between the sportsbook software and the trading platform will reduce more and more.

Sirplay accompanies its clients towards the cryptocurrency, helping them in lower the problems due to the virtual coin volatility in order to avoid financial speculations. In addition, we help the customers keeping track of the daily currency value to avoid exceeding the limitations imposed by law. And this doesn’t apply only for Bitcoin but for all the other hundreds of cryptocurrency.

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