BitPay Integrates XRP Token, Expands Partnership with Xsolla
BitPay, the crypto payment service provider based in Atlanta, Georgia, has announced its integration of the XRP token in its collaboration with global video game commerce company, Xsolla. Through BitPay, Xsolla now accepts XRP as a payment method for games like SMITE and Roblox. This development highlights the growing relevance of XRP in the gaming industry and strengthens the longstanding partnership between BitPay and Xsolla.
Xsolla’s Influence in the Gaming Industry
Xsolla, founded in 2005, is known for its tools that assist game developers in launching, monetizing, and distributing their creations worldwide. The company aims to overcome geographical barriers and boost revenue streams for its partners. With the addition of XRP as a payment option on platforms like Roblox, which has millions of daily active users, Xsolla can further facilitate in-game transactions and enhance user experience.
XRP Price Faces Resistance
Despite the positive implications of the integration, the price of XRP is currently facing resistance at various levels. After a brief surge due to fake news about a potential Bitcoin ETF, the price dipped below $0.50. It slid beneath the 0.618 Fibonacci retracement level but managed to rebound and close above the 20-EMA. The key resistance level to watch is now at $0.5048. If XRP maintains a close above this threshold, it could lead to renewed bullish momentum and potentially reach the September high of $0.55.
Hot Take: Expanding Opportunities for XRP in Gaming
The integration of XRP into Xsolla’s gaming platforms through BitPay opens up new opportunities for both players and developers. With the popularity of games like Roblox, the potential for XRP transactions is significant. This partnership not only highlights the versatility of XRP but also showcases its relevance in the gaming world. As cryptocurrencies continue to gain acceptance in various industries, collaborations like this contribute to the mainstream adoption of digital assets.
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