Roblox, a popular online game platform boasting more than 200 million monthly active users, has taken a significant step in embracing Web 3 by introducing XRP as a payment method. This exciting development was announced on October 17 by BitPay, shared on their social media platform X (formerly Twitter).
Xsolla, a prominent provider of in-game payment solutions for Roblox, now supports XRP as an accepted payment option. BitPay, known for facilitating seamless connections with cryptocurrency wallets, will serve as the partner responsible for enabling XRP transactions within the Roblox ecosystem.
Roblox enjoys widespread accessibility, available on various mainstream platforms including Windows, macOS, Android, iOS, Xbox One, and PlayStation 4. The platform boasts an impressive daily user count of 65.5 million, with a notable 44% of users falling below the age of 13. Notably, in the first quarter of 2023, Roblox users collectively spent approximately $773 million on in-game purchases, underlining the platform’s robust economy.
This integration aligns with a broader trend of mainstream adoption of cryptocurrencies, as Roblox joins the ranks of companies that have embraced digital assets as a payment method. This move allows users to leverage XRP for various in-game transactions, adding a layer of convenience and flexibility to the platform’s monetary ecosystem.
Xsolla, a forward-thinking player in the gaming industry, has been actively working to integrate cryptocurrencies into its payment infrastructure. In August 2022, the company forged a partnership with Coinchange Financial, an automated crypto management platform, and TradeZing, a live-streaming social Web3 platform, to develop a nonfungible tokens (NFTs) payment solution. This initiative aimed to enhance the in-game purchase experience for users by incorporating NFTs into the payment process. Furthermore, in August 2023, Xsolla teamed up with Crypto.com to integrate Crypto.com’s checkout solution into Xsolla’s Pay Station platform, further expanding the range of supported cryptocurrencies and payment options.
https://twitter.com/BitPay/status/1714092687945547943?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1714092687945547943%7Ctwgr%5Ea2a97276dc73997af8016fa2b59a68c3d8d16823%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Froblox-integrates-xrp-payment-method
The collaboration between Xsolla and BitPay has a rich history, dating back to 2014 when they first ventured into the cryptocurrency space by accepting Bitcoin (BTC) payments. This early adoption of cryptocurrencies allowed users to transact using Bitcoin within the Xsolla ecosystem, opening up new opportunities for payments and transactions. Building on this foundation, in September 2023, BitPay and Xsolla introduced support for PayPal USD (PYUSD) payments for both merchants and consumers. This strategic move aimed to enhance the payment experience for users, providing them with additional payment options to cater to diverse preferences.
In conclusion, Roblox’s integration of XRP as a payment method through the collaboration of Xsolla and BitPay represents a significant milestone in the gaming industry’s adoption of cryptocurrencies. This development not only provides Roblox users with greater payment flexibility but also contributes to the broader trend of cryptocurrency integration into mainstream platforms, marking a noteworthy step toward the future of digital finance in gaming.
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