XRP Becomes a Payment Option on Roblox and SMITE
In a significant development for XRP adoption, the popular gaming platform Roblox now accepts the cryptocurrency as a payment option. This announcement comes from BitPay, a cryptocurrency payment processor, stating that Xsolla, a video game commerce company, now supports XRP through BitPay. Xsolla is known for its services to game developers and is also the payment services provider for Roblox.
Roblox is an online gaming platform that allows users to create, host, and play games made by other users. Initially available on Windows PC, it has expanded to other platforms over the years, including recently releasing on PlayStation 4 and 5. With the partnership between Xsolla and BitPay, users can now purchase in-game currency (Robux) using XRP.
This integration is a positive development for XRP adoption as it offers users more options for using the cryptocurrency. Additionally, Xsolla’s payment services extend to other games like SMITE, further expanding the utility of XRP in the gaming industry.
Temporary Rally and Retracement of XRP After Fake ETF News
Yesterday, there was a rapid surge in the cryptocurrency market following news of an approved Bitcoin spot ETF. However, this news turned out to be fake, leading to a retracement in asset prices. XRP experienced a similar pump-and-dump pattern during this period.
The chart below shows how XRP’s price reacted:
During the rally, XRP briefly surpassed $0.51 but retraced back to $0.49 afterward. Interestingly, while Bitcoin managed to maintain net profits despite the ETF debacle, XRP ended up in the red for the same period.
XRP’s Performance Compared to Other Top Coins
When comparing XRP’s performance against other top coins by market cap over the past week, it has seen a 1% loss. In contrast, BNB and Solana have enjoyed profits during this period. The table below illustrates these returns:
Currently, XRP is the fifth-largest cryptocurrency by market cap. However, if its poor performance continues, it may lose its position to the stablecoin USDC.
Hot Take: XRP Adoption Expands with Roblox Integration
The integration of XRP as a payment option on Roblox is a significant step forward for cryptocurrency adoption. With millions of users on Roblox, this move opens up new opportunities for XRP usage and exposure to a large audience. By allowing users to purchase in-game currency using XRP, it showcases the practicality and convenience of cryptocurrencies in everyday transactions within the gaming industry.
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