Roblox Denies Crypto Payment Support After BitPay Claims
BitPay, a cryptocurrency payments platform, recently made a post claiming that Roblox, the popular gaming platform, would be introducing support for crypto payments, specifically XRP. However, Roblox quickly refuted these claims, causing a significant impact on the price of XRP.
XRP Price Soars Briefly
The price of XRP experienced a brief surge to over $0.50 on October 16 following BitPay’s original post. The post stated that users would soon be able to use XRP for payments in supported games like Roblox and Smite. This information was based on data retrieved on October 18.
XRP’s Influence on Price
The incident demonstrates that developments related to XRP can have a substantial impact on its price. This has been evident during the ongoing legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple, a blockchain company closely associated with XRP.
Hot Take: Uncertainty Surrounding XRP
The recent events involving Roblox’s denial of crypto payment support and the ongoing legal battle between Ripple and the SEC have created uncertainty around XRP. Such developments can cause significant volatility in its price, making it essential for investors to stay updated and cautious when trading or holding this cryptocurrency.
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