Nexon America has started accepting various cryptocurrencies for in-game purchases.
According to a recent press release, Nexon America, the American subsidiary of South Korean gaming giant Nexon, is selling for in-game items. Dogecoin (DOGE) It has partnered with crypto payment processor BitPay to accept various cryptocurrencies, including
Among eligible cryptocurrencies Ethereum, Dogecoin, Bitcoin, Bitcoin Cash, Wrapped BTC, Binance USD, Dai, Gemini Dollar, Litecoin, Paxos Standard and USD Coins exists.
BitPay CEO Stephen Pair predicts that this collaboration will improve the gaming experience:
“Our agreement with Nexon America to manage crypto payments for in-game items will provide an excellent experience for players.”
As previously reported by KoinFinans, BitPay also integrated Dogecoin rival Shiba Inu earlier this month, but the press release did not mention the second-largest meme cryptocurrency.
In April, Nexon bought $100 million worth of Bitcoin at an average price of $58,000 per coin to protect the purchasing power of its cash holdings. This acquisition was the largest crypto investment ever made by a company listed on the Tokyo Stock Exchange.
The largest cryptocurrency is currently trading just below the $49,000 level and is struggling to break the $52,000 resistance level.
Kenny Chang, general manager of Nexon America, said that the addition of crypto payments to the platform had nothing to do with the parent company’s purchase of Bitcoin and continued:
“Nexon is closely monitoring feedback from our players, including our users who have requested that we include cryptocurrencies as a form of in-game payment.”
A Controversial Trend
With crypto and non-fungible tokens gaining in popularity this year, many big players in the gaming industry feel compelled to capitalize on this trend, but user response isn’t always as positive as expected.
During an eranings call in early November, Electronic Arts CEO Andrew Wilson predicted that “play-to-win” games and NFTs would be the future of gaming.
French game giant Ubisoft also made a strong NFT move earlier this month, but faced harsh criticism.
Discord, a group messaging platform, was also forced to abandon its plan to integrate Ethereum after a massive backlash from its community.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.