Why isn't Pinnacle using Bitcoin?

**SBR Forum** · 05-19-16, 08:26 AM

From the Pinnacle Sports website: "Bitcoin is not available as a funding option on our website and we do not have any plans on offering it."

It makes sense though. When your player base has Skrill, Neteller, bank transfer, credit card, e-Cheque, and a host of other country specific wallets and payment options at their fingertips, there isn't as much of a demand for bitcoin. It's the same reason Bet365, Ladbrokes, and other major international sportsbooks probably will not offer bitcoin for the foreseeable future.

**Bluehorseshoe** · 05-19-16, 08:43 AM

Originally posted by SBR Forum

From the Pinnacle Sports website: "Bitcoin is not available as a funding option on our website and we do not have any plans on offering it."

It makes sense though. When your player base has Skrill, Neteller, bank transfer, credit card, e-Cheque, and a host of other country specific wallets and payment options at their fingertips, there isn't as much of a demand for bitcoin. It's the same reason Bet365, Ladbrokes, and other major international sportsbooks probably will not offer bitcoin for the foreseeable future.

So they have no choice is what you're saying.

**3runhomer** · 05-19-16, 09:20 AM

Originally posted by SBR Forum

From the Pinnacle Sports website: "Bitcoin is not available as a funding option on our website and we do not have any plans on offering it."

It makes sense though. When your player base has Skrill, Neteller, bank transfer, credit card, e-Cheque, and a host of other country specific wallets and payment options at their fingertips, there isn't as much of a demand for bitcoin. It's the same reason Bet365, Ladbrokes, and other major international sportsbooks probably will not offer bitcoin for the foreseeable future.

This is it!

BUT...I would sure love it if they did...and looking at history...its not a good sign for the future if your not willing to evolve and change with the times...

I think we would all agree they are losing out on millions by not accepting Bitcoin (regardless of where it comes from)...and I would argue that they as a business, should be motivated to maximize their opportunity!

**SBR Forum** · 05-19-16, 09:28 AM

Originally posted by 3runhomer

This is it!

BUT...I would sure love it if they did...and looking at history...its not a good sign for the future if your not willing to evolve and change with the times...

I think we would all agree they are losing out on millions by not accepting Bitcoin (regardless of where it comes from)...and I would argue that they as a business, should be motivated to maximize their opportunity!

Bitcoin has become popular for gamblers who have access to no better options. If it gets to a point where bitcoin is more attractive to a gambler than using an eWallet or debit card, then you will see international books flirt with bitcoin.

**Darkside Magick** · 05-19-16, 09:30 AM

Originally posted by SBR Forum

Bitcoin has become popular for gamblers who have access to no better options. If it gets to a point where bitcoin is more attractive to a gambler than using an eWallet or debit card, then you will see international books flirt with bitcoin.

Exactly!!!

**LT Profits** · 05-19-16, 09:38 AM

BTC not really necessary for non-USA facing books. Americans need it the most with just about all other options being fazed out.

**CanuckG** · 05-19-16, 09:39 AM

Yeah Pinny doesn't need to roll this out anytime soon. Already plenty of options for us non americans

**gauchojake** · 05-19-16, 10:08 AM

They have it you just need to use the nitrogensports website

**LT Profits** · 05-19-16, 10:15 AM

Originally posted by gauchojake

They have it you just need to use the nitrogensports website

Not the same ownership (I don't think?), Nitrogen just clones the Pinny lines.

**JoeyBagels** · 05-19-16, 10:24 AM

Nevermind.

**gauchojake** · 05-19-16, 10:25 AM

Originally posted by LT Profits

Not the same ownership (I don't think?), Nitrogen just clones the Pinny lines.

Who knows

**Darkside Magick** · 05-19-16, 10:28 AM

Originally posted by LT Profits

Not the same ownership (I don't think?), Nitrogen just clones the Pinny lines.

There is rumor that nitrogen is somewhat owned by Pinnacle Sports

**gauchojake** · 05-19-16, 10:30 AM

Originally posted by JoeyBagels

Nevermind.

**jjgold** · 05-19-16, 10:38 AM

In this business you don't know

Originally posted by Darkside Magick

There is rumor that nitrogen is somewhat owned by Pinnacle Sports

**swordsandtequila** · 05-19-16, 10:40 AM

Originally posted by SBR Forum

Bitcoin has become popular for gamblers who have access to no better options. If it gets to a point where bitcoin is more attractive to a gambler than using an eWallet or debit card, then you will see international books flirt with bitcoin.

Or open themselves to a customer base they can't otherwise access without the use of agents.

**dirtdog52658** · 05-19-16, 10:41 AM

I really wish some of these books would adopt it, become really tough with no E-wallet in Canada.

**eidolon** · 05-19-16, 10:44 AM

They don't need to.
Using Bitcoin is a gamble; and they are big enough to not have to use that extra gamble.

**Brock Landers** · 05-19-16, 10:51 AM

What gamble is there with bitcoin? Never had one single issue, on the other hand, I've made money holding bitcoin for a matter of minutes

**gauchojake** · 05-19-16, 11:02 AM

Brock you are a rainmaker!

**themike78** · 05-19-16, 11:12 AM

Bitcoin could crash at any time. You never know. Only good thing about it is for gambling purposes. I don't think it will ever catch on with mainstream America. Most people I talk to don't even know what it is. People feel safer with banks.

**jjgold** · 05-19-16, 11:22 AM

Mike exactly

It will crash too if not regulated

**gauchojake** · 05-19-16, 11:33 AM

Originally posted by jjgold

Mike exactly

It will crash too if not regulated

**Ruifgalmeida** · 05-19-16, 02:37 PM

Bitcoins are for Americans, pinnacle dont allow Americans , simple

**jjgold** · 05-19-16, 02:43 PM

Originally posted by Ruifgalmeida

Bitcoins are for Americans, pinnacle dont allow Americans , simple

\

That sums it up pretty good

**Bluehorseshoe** · 05-19-16, 03:55 PM

Originally posted by Ruifgalmeida

Bitcoins are for Americans, pinnacle dont allow Americans , simple

Technically.........yes.

**PharaohUB** · 05-19-16, 07:29 PM

Originally posted by themike78

Bitcoin could crash at any time. You never know. Only good thing about it is for gambling purposes. I don't think it will ever catch on with mainstream America. Most people I talk to don't even know what it is. People feel safer with banks.

Lol. Bitcoin is a tough grasp for most people over the age of 30. As the median birth year shifts to the right Bitcoin will only get more mainstream as it's an easy concept for kids. You think these kids who actually understand the technology who feel ripped off by their govt and rightfully so and want to hide their money won't figure out what Bitcoin is.

**PharaohUB** · 05-19-16, 07:33 PM

Gambling is like such a small percentage of Bitcoin trades. It's arrogant to think otherwise. Think smuggling drug money. Millions of dollars you can anonymously transfer every day. U think your fifty dollar bets are all its good for lol.

**themike78** · 05-19-16, 07:52 PM

My point is the average working man with a family or any wealthy person will never use bitcoin. Do you think the average person wants to have their money converted to some sketchy cyber currency? They feel safe with money in the bank not some cyber wallet holding cyber money that could crash at any time. It's basically a currency for criminals and us gamblers. That's also why I think eventually the government will shut it down when they realize all the illegal stuff it's being used for. I hope that doesn't happen.

**Darkside Magick** · 05-19-16, 08:01 PM

Originally posted by themike78

My point is the average working man with a family or any wealthy person will never use bitcoin. Do you think the average person wants to have their money converted to some sketchy cyber currency? They feel safe with there money in the bank not some cyber wallet holding cyber money that could crash at any time. It's basically a currency for criminals and us gamblers.

Lmao ....look Wealthy people are using bitcoins like Swiss bank accounts. Ever since the USA been forcing Swiss banks to tell on their private accounts many advisors been telling their clients to diversify their money in bitcoins

**Snoman** · 05-19-16, 08:01 PM

Originally posted by themike78

My point is the average working man with a family or any wealthy person will never use bitcoin. Do you think the average person wants to have their money converted to some sketchy cyber currency? They feel safe with money in the bank not some cyber wallet holding cyber money that could crash at any time. It's basically a currency for criminals and us gamblers. That's also why I think eventually the government will shut it down when they realize all the illegal stuff it's being used for. I hope that doesn't happen.

You're ignorant af.

**gauchojake** · 05-19-16, 08:11 PM

unreal

**themike78** · 05-19-16, 09:24 PM

Originally posted by Darkside Magick

Lmao ....look Wealthy people are using bitcoins like Swiss bank accounts. Ever since the USA been forcing Swiss banks to tell on their private accounts many advisors been telling their clients to diversify their money in bitcoins

I highly doubt that. You really think the average person is using bitcoin? Give me a break. 9 out of 10 people don't even know what it is.

**themike78** · 05-19-16, 09:26 PM

Originally posted by Snoman

You're ignorant af.

How many people do you know that don't gamble use bitcoin on a regular basis? You are the ignorant one.

**themike78** · 05-19-16, 10:00 PM

Originally posted by gauchojake

unreal

Hey "chokeoncock" or whatever your name is what's unreal? Huh dipshit?