coincodex.com
Ripple (XRP) is now supported as a payment method on Roblox, a thriving online game platform with more than 200 million active monthly users. The development was initially announced earlier today, October 17, 2023, on X (formerly Twitter) by Bitpay.
With its latest integration with a top gaming platform, XRP has found a new audience of passionate users. Certainly, the development will drive Ripple's adoption further. Could it also be a game-changer for XRP price, which our algorithm predicts will soar in the coming weeks?
Multifaceted Game-Changing Partnership
According to the details of the announcement, Xsolla, which manages the in-game payments in Roblox, added support for XRP tokens. This implies that XRP will be acceptable on the Roblox and other Xsolla-powered platforms. Bitpay’s role in this partnership is to provide smooth crypto wallet connections.
Considering Roblox’s metrics, this partnership could be great for XRP. The game platform records approximately 65.5 million daily users. Interestingly, Roblox users spent as much as $773 million on in-game purchases in Q1, 2023. Roblox is also available on all major platforms, including Android, iOS, Windows, macOS, PlayStation 4 and Xbox One.
On its part, Xsolla has made several productive efforts to make crypto payments seamless for Roblox users. It has been in partnership with BitPay since 2014. Last year, it partnered with a couple of crypto platforms to launch a non-fungible payment solution. Now, it is bringing XRP to Roblox, simplifying the crypto payment pathway for gamers.
What This Could Mean for XRP Price
As hinted in the introductory part, the Roblox–Ripple partnership could mean a lot for the XRP price. It has already exposed the tokens to tens of millions of monthly gamers and we understand that Roblox gamers spend a substantial amount of money on in-game purchases.
With gamers choosing XRP as a payment method, Ripple could easily welcome millions of new users. This is also a major boost on XRP use cases and will reflect on its liquidity. It could help significantly to push XRP price further.
XRP price prediction
Even before the announcement, our XRP price prediction has been positive. Our algorithm forecast a nearly +40% XRP price rally over the next month. With the crypto market recovery becoming more obvious by the day, XRP and other top altcoins may record increased price gains quicker in the weeks to come.
Wrapping Up
Ripple has been embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC) for years. It was always obvious that the legal issue impeded XRP price growth, even when the rest of the market was performing well. However, a few months ago, Ripple received a favorable judgment in the case, and a lot has happened since then.
The Roblox – Ripple partnership is the latest among many strategic partnerships for Ripple this year. Like others, it is expected to yield meaningful results for XRP price. Based on our analysis, this will be the case as it is a potential game-changer. Our XRP price prediction is also impressive at the moment. Overall, we estimate that XRP price will see major gains in the coming month.