• Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
Newsletter
Crypto Hoarding
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
Crypto Hoarding
No Result
View All Result
Home Blockchain

Azuro CEO: “Blockchain Can Bring Full Transparency To Online Betting” – Yahoo Finance

Admin by Admin
September 24, 2021
in Blockchain
0
Azuro CEO: “Blockchain Can Bring Full Transparency To Online Betting” – Yahoo Finance
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

In 2012, Paruyr Shahbazyan founded Bookmaker Ratings with $50 dollars and since then the company has helped return more than $12 million to players in its mediation activities.

Q2 2021 hedge fund letters, conferences and more

Related articles

4 Reasons To Build Your DApp on the DeFiChain Blockchain – CoinQuora – Live Crypto News

4 Reasons To Build Your DApp on the DeFiChain Blockchain – CoinQuora – Live Crypto News

July 5, 2022
First Mover Asia: Bitcoin Rebounds Past $20K; China’s Blockchain Revolution Is Missing On-Chain Data – CoinDesk

First Mover Asia: Bitcoin Rebounds Past $20K; China’s Blockchain Revolution Is Missing On-Chain Data – CoinDesk

July 5, 2022

Today, with Azuro, a decentralized betting protocol, co-founder and CEO Paruyr Shahbazyan is looking to give bettors a trustless alternative to betting in an industry imbued with cryptocurrency payments and that is increasingly reliant on blockchain.

We spoke with him about crypto, blockchain, and Azuro’s testnet, which was launched in late August. With this project, the betting entrepreneur intends to familiarize bettors with the protocol using tokens and not real money.

How has crypto changed the online betting industry?

Firstly, there’s many high-volume players, also known as “VIPs” who have switched to use crypto as a payment method, be it so that they can bet at sites which are not available in their country, or for another reason.

This is something that has happened already and a growing trend. In this case, crypto is simply used as a payment method, which is a very basic use case.

However, looking beyond crypto as a payment method, blockchain –and particularly smart contracts– can deliver trustless betting, eliminate intermediaries and bring full transparency to betting. This is not prominent yet, but totally possible and very exciting.

Azuro has launched its testnet. What is the purpose of the platform and what are the main changes?

Azuro is a global decentralized betting protocol, utilizing smart-contracts to bring full transparency to the betting process while delivering a classic betting experience with plentiful markets and liquidity.

The core goal is to give bettors a trustless alternative to betting, which is on par with the experience they can get with traditional bookmakers. As we do that, we remove the issues with trust and transparency between players and operators prevalent today.

Blockchain technology allows for decentralization and the democratization of the betting business. Azuro breaks down the role of a bookmaker into several smaller roles openly available for anyone to benefit from: liquidity provision, front-end management, data provision and decentralized governance.

This means more value is shared with more participants in the ecosystem. Plus, we have a commitment to social responsibility from the very beginning that is unique to our project.

We launched our testnet on August 27th, where users can interact with the protocol, using test tokens, and placing bets. They also compete for rewards but without risking any real money. So, it’s pretty cool.

From a $50 website template purchase in 2012 to what your current business “Bookmaker Ratings” is today… What have been the keys to achieving 1.2 million visits per month on your websites?

The business focused on a simple thing: the lack of trust between players and bookmakers.

So, we were objective in our bookmaker ratings and did whatever we could to help players mainly by acting as an intermediary and resolving disputes between the two sides.

Through this, we managed to have more than $12 million returned to players over the years, which ensured we gained people’s trust. This was all possible because we were driven by a deep understanding of the players’ problems –I was a professional bettor for many years myself.

In comparison, my competitors in 2012 knew how to make strong websites, but did not know much about the needs and problems of the players. Of course, I also had a professional team with me, which is definitely a factor for the success.

Tell us about your future projects, and how do you envision the online betting business amid NFT speculation and bitcoin volatility.

The volatility of cryptocurrencies does not affect the betting industry because betting is perhaps the only niche in crypto that absolutely does not care about the bitcoin price.

Same for NFTs, I don’t see much connection apart from the fact that these hype-waves bring a lot of people to try the technology.

And trustless betting –say, with stablecoins– will allow more and more people to grasp the great opportunities blockchain technology gives them, like freedom, security, and transparency. More people will interact with decentralized protocols.

And given the fact that those in crypto today are mostly risk-prone users, naturally, the proportion of people who will be willing to bet with crypto and on the blockchain will increase exponentially.

Share76Tweet47

Related Posts

4 Reasons To Build Your DApp on the DeFiChain Blockchain – CoinQuora – Live Crypto News

4 Reasons To Build Your DApp on the DeFiChain Blockchain – CoinQuora – Live Crypto News

by Admin
July 5, 2022
0

Building on the DeFiChain blockchain is the most straightforward option, as it provides crucial benefits and opportunities.Using proof-of-stake serves another...

First Mover Asia: Bitcoin Rebounds Past $20K; China’s Blockchain Revolution Is Missing On-Chain Data – CoinDesk

First Mover Asia: Bitcoin Rebounds Past $20K; China’s Blockchain Revolution Is Missing On-Chain Data – CoinDesk

by Admin
July 5, 2022
0

This is especially true if they can leverage this with investors to juice a funding round. At one time, China...

Multichain adds Rootstock to its blockchain bridge ecosystem – Cointelegraph

Multichain adds Rootstock to its blockchain bridge ecosystem – Cointelegraph

by Admin
July 4, 2022
0

Multichain, a cross-chain platform, has announced the integration of the Bitcoin-based (BTC) smart contract protocol Rootstock (RSK) blockchain into its...

Does the Metaverse need blockchain to ensure widespread adoption? – Cointelegraph

Does the Metaverse need blockchain to ensure widespread adoption? – Cointelegraph

by Admin
July 4, 2022
0

Many are thrilled at the prospect of the Metaverse with its virtual worlds that can be used to play online...

The 10th Global Blockchain Congress officially take place in Hanoi, Vietnam – PR Newswire

by Admin
July 4, 2022
0

The  Blockchain Congress is a closed-door congress between investors and hand-picked blockchain projects looking to raise funds. This exclusive event comprises...

Load More
  • Trending
  • Comments
  • Latest
Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

April 21, 2021

SteveWillDoIt reveals hacker stole his crypto wallet: “I lost a lot of money” – Dexerto

July 26, 2021
Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

February 11, 2022
DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap – Cointelegraph

DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap – Cointelegraph

April 15, 2021
Crypto hackers loot $2 billion in H1 2022 as cybercriminals thrive – Finbold – Finance in Bold

Crypto hackers loot $2 billion in H1 2022 as cybercriminals thrive – Finbold – Finance in Bold

0

Rivals Ripple and R3 partner up | PaymentsSource – American Banker

0
Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

0

Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches – Coindesk

0
Crypto hackers loot $2 billion in H1 2022 as cybercriminals thrive – Finbold – Finance in Bold

Crypto hackers loot $2 billion in H1 2022 as cybercriminals thrive – Finbold – Finance in Bold

July 5, 2022
Bitcoin miners struggle with crypto’s price decline, rising energy costs, and increase in mining difficulty – MarketWatch

Bitcoin miners struggle with crypto’s price decline, rising energy costs, and increase in mining difficulty – MarketWatch

July 5, 2022
Ripple may benefit from new Supreme Court makeup in XRP lawsuit – FinanceFeeds

Ripple may benefit from new Supreme Court makeup in XRP lawsuit – FinanceFeeds

July 5, 2022
How miners are preparing for Ethereum’s Merge and the implications on ETH price – FXStreet

How miners are preparing for Ethereum’s Merge and the implications on ETH price – FXStreet

July 5, 2022
Crypto Hoarding

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Bitcoin
  • Blockchain
  • Cryptocurrency Hackers
  • Ethereum
  • Litecoin
  • Ripple

Newsletter

[mc4wp_form]

  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

Copyright (c) 2021 - Crypto Hoarding - All Rights Reserved - web design by TechyRack