WEB3

Roblox to Accept XRP for Payments

by BSCN

October 17, 2023

chain

The major announcement, that the 200 million monthly user game is integrating XRP for in-game purchases, may encourage other Web2-gaming platforms to follow suit.

Seemingly confirmed by a post from BitPay, payments provider Xsolla will start accepting Ripple Labs’ XRP token for payments in its supported games, including Roblox - an industry-leading gaming platform with reportedly more than 200 million monthly users.

BitPay itself, meanwhile, will help in streamlining the cryptocurrency wallet connection in the payments process for the game. 

The significance of Xsolla/BitPay’s move cannot be overstated, with Roblox users amassing nearly $800 million in volume for in-game purchases in the first quarter of 2023 alone.

Perhaps strangely, however, the price of the XRP token appears to have been unaffected by the news. Indeed, the asset’s value has been in decline since the announcement was made in the early hours of October 17, having briefly spiked on the false ETF approval reported by Cointelegraph on October 16.

Source: CoinMarketCap

Following the news of XRP’s acceptance by the Roblox gaming platform, we are yet to see if the move will set precedents within the Web2-gaming world and encourage other platforms to seriously consider cryptocurrency payment functionality in turn. 

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article

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