BitPay Partners with Xsolla to Integrate XRP Token
BitPay, a leading cryptocurrency payment service provider, has teamed up with Xsolla, a global video game commerce company, to integrate the XRP token. This collaboration allows XRP to be used as a payment method for various games, including Smitegame and Roblox. This integration highlights the growing importance of cryptocurrencies in the gaming industry.
Xsolla Embraces XRP as a Payment Option
Xsolla, founded in 2005, provides essential tools for game developers to launch and distribute their creations worldwide. Since 2014, Xsolla has been working with BitPay to process Bitcoin payments. Now, they have expanded their partnership to include various cryptocurrencies, including XRP. Xsolla manages payments for popular online gaming platforms like Roblox, which has over 200 million monthly active users.
XRP Integration for Gaming Platforms
With BitPay’s facilitation, XRP will be seamlessly integrated into the gaming platforms supported by Xsolla. This integration will ensure smooth connections with cryptocurrency wallets for users of these platforms.
Partnership Between Xsolla and BitPay
In September 2023, BitPay announced that Xsolla would be one of the first merchants to accept PayPal USD (PYUSD) for online transactions. This partnership demonstrates the versatility of both companies’ payment offerings. Although BitPay temporarily suspended XRP transactions following the SEC’s lawsuit against Ripple, they reintroduced XRP in August after a court ruling classified it as a non-security. Other key players in the industry have also integrated XRP into their payment systems.
Hot Take: Cryptocurrency Payments Gain Traction in Gaming Industry
The partnership between BitPay and Xsolla to integrate the XRP token is a significant development for both the cryptocurrency and gaming industries. By accepting XRP as a payment method, gaming platforms can tap into the growing popularity of cryptocurrencies and provide more options for their users. This integration showcases the increasing relevance of cryptocurrencies, such as XRP, in various sectors, including gaming. As more companies embrace cryptocurrency payments, it paves the way for wider adoption and acceptance of digital currencies in everyday transactions.