PHN offers a variety of easy to use payment options for our members. Once you make a deposit your weekly payment is automatically deducted from your agent account every Monday Morning. Whether you have 10 players or 500, you are only billed for players that actually played that week. We have several payment options for you to choose from. Just let us know which one you prefer. One of these options is Bitcoins.
Bitcoin has been said to have begun its infancy stages in 2007 where Satoshi Nakamoto individually or in a group of people started work on the currency. Bitcoin.org was registered in August of 2008 via a website that allows anonymous registering of domain names, ironically this site now accepts Bitcoin.
In January of 2009 Bitcoin version 0.1 was released but it lacked some components that Bitcoin is known for today like a command line interface. A few days later the first Bitcoin transaction was done by Satoshi and Hal Finney one of which was a developer and other cryptographic artist.
An exchange rate being established was a huge day for Bitcoin on October 5th 2009. The first exchange rate was 1309.03 Bitcoins for one US dollar. This finally recognized Bitcoin as an actual currency with value although the value was very low.
In March of 2010 Bitcoin finally had a currency exchange set up. This is where people could purchase Bitcoins or trade them and it turned into quite a busy marketplace.
According to historyofbitcoin.org “The first, real-world transaction using Bitcoins takes place when a Jacksonville, Florida programmer, Laszlo Hanyecz, offers to pay 10,000 Bitcoins for a pizza on the Bitcoin Forum. At the time, the exchange rate put the purchase price for the pizza at around US$25.” This was a monumental day for many reasons for all involved. Bitcoin finally made its way into businesses for the first time. Another reason that this day is monumental is that Hanyecz spending 10,000 Bitcoins seemed reasonable at the time but had he done it at the height of the Bitcoin exchange rate, that would’ve been around a 10 million dollar pizza.
Bitcoin in July of 2010 had a five day period where the value went up ten times and it would not be the last time that this happened.
Over the course of the next couple of years, Bitcoin surged but had a few hiccups along the way. There were several large security breaches but in today’s Bitcoin world, the security the cryptocurrency has is of the highest quality.
Bitcoin in some exchanges has garnered over $1000 per Bitcoin at its peak. Now the currency is trading at around $250 per Bitcoin with the number fluctuating each day. The currency has its risks but the payoff for those who believed in the currency in its infancy stages have been paid off mightily.
Bitcoin although volatile in trading is here to stay and businesses are accepting the online cryptocurrency more frequently in different industries.
For information on Bitcoins, please contact our Support staff.
Haven’t Signed up yet? Take the time to look around. Study our lines, compare market offerings. Try our superior Pay Per Head Sportsbook? Sign Up Today and Get 2 Weeks Free.
