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The betting industry currently lacks convenient and trustworthy services for players all around the world. A betting service based on settlements exclusively in cryptocurrencies looks very appropriate due to natural, cheap, and fast payments for deposit and withdrawal purposes. However, centralized betting companies that can integrate the option of using cryptocurrencies as an additional option for depositing and withdrawing money along with Fiat payments (bank transfer, credit cards or electronic money systems) do not look attractive in the framework of the concept of trustless service due to a number of obvious problems. First of all, they are connected with centralization and complete dependence on the management of the company for calculating interest payments and the withdrawal process.
