cryptopolitan.com
BitPay, a renowned cryptocurrency payment provider, has unveiled its latest integration, allowing gamers to use XRP on Xsolla. This update marks another step towards the widespread adoption of digital currencies in the gaming sector. Xsolla, a global gaming platform established in 2005, has been at the forefront of providing innovative solutions to developers, enabling them to efficiently launch, market, and monetize games on multiple platforms.
Moreover, Xsolla has always been proactive in its approach to global distribution. The company aims to resolve game developers’ challenges while reaching different markets, maximizing revenues, and forming meaningful partnerships with top gamers. Additionally, in their pursuit of connecting with the global financial ecosystem, Xsolla has revealed its upcoming participation at Money 20/20 in Las Vegas.
This isn’t the first collaboration between Xsolla and BitPay. In 2014, the two firms joined hands, with Xsolla embracing BitPay’s BTC processing capabilities for its global gamer base. Since then, their partnership has flourished, with Xsolla expanding its payment options to include various cryptocurrencies available through BitPay. Significantly, BitPay recently made an announcement highlighting Xsolla’s move to accept the stablecoin, PayPal USD (PYUSD), for online purchases.
However, it’s essential to note BitPay’s journey with XRP. In 2019, BitPay incorporated XRP support, an initiative backed by Ripple’s investment division, Xpring. Yet, following the SEC’s allegations against Ripple, BitPay paused XRP transactions. Fortunately for XRP enthusiasts, after a court ruling that classified XRP as a non-security, BitPay reintegrated XRP in August. Consequently, BitPay’s users can now enjoy the flexibility of using XRP for various transactions, from buying gift cards to shopping with merchants like AMC Theaters, Newegg, and Namecheap.
Besides BitPay, Ripple’s partnership ventures extend to other companies as well. For instance, Ripple’s recent collaboration with Lunu enables luxury retailers in Berlin to process digital currency transactions, including XRP. FCF Pay’s new offering also allows Bitcoin miners to settle their electricity bills using XRP.