Roblox, the popular online gaming platform with more than 200 million monthly active users, is expanding its payment options to include XRP coin, a cryptocurrency with a growing fan base. This exciting development was officially announced today by BitPay via X, formerly known as Twitter. Here are the details…
XRP holders can make payments on Roblox
As of today, XRP holders can rejoice that the crypto asset has become an accepted payment method on Roblox, thanks to a collaboration with Xsolla, the company responsible for managing in-game payments. BitPay, a well-known cryptocurrency payment processor, will play a key role in providing a seamless connection with crypto wallets for this integration. Accessible across a number of major platforms including Windows, macOS, Android, iOS, Xbox One and PlayStation 4, Roblox is a massive virtual playground that attracts daily participation from approximately 65.5 million active users.
News Alert 📰@Xsolla now accepts XRP(@Ripple) with BitPay as a payment method for their games, such as @Smitegame oath @Roblox. You can use your favorite cryptocurrency to buy, play, and enjoy gaming like never before.#BitPay #crypto #Smite #xsolla #Roblox pic.twitter.com/NAg2EyOVGM
— BitPay (@BitPay) October 17, 2023
Impressively, 44% of these users are under the age of 13. In the first quarter of 2023, Roblox users collectively spent a staggering $773 million on in-game purchases. Xsolla actively pursues the integration of cryptocurrencies into the payment ecosystem. In August 2022, Coinchange Financials Inc., an automated crypto management platform. and they launched a partnership with TradeZing, a social Web3 platform for live streaming. Together, they aimed to develop a payment solution for non-fungible tokens (NFTs). In August 2023, Xsolla joined forces with Crypto.com, incorporating that company’s payment solution into Xsolla’s Pay Station platform.
Xsolla and BitPay partnership
The collaboration between Xsolla and BitPay dates back to 2014, when the service first started accepting payments in Bitcoin (BTC). In September 2023, BitPay and Xsolla introduced PayPal USD (PYUSD) payments, marking another step in their joint journey of providing versatile payment solutions for merchants and consumers. Roblox’s decision to accept XRP is an important step in the continued integration of the crypto world into mainstream services. It opens up new possibilities for XRP holders and further solidifies cryptocurrencies as a legitimate means of carrying out daily transactions.
Cryptocurrency enthusiasts and Roblox users can now take advantage of this integration, simplifying their in-game purchases and transactions within the platform. This move also positions Roblox as a forward-thinking leader in the gaming industry and embraces the ever-evolving crypto finance landscape. Time will tell how this decision will affect the market.
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