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Roblox Now Accepts XRP; Xsolla and BitPay Facilitating Crypto Payments

Algoine News
Summary:
Roblox, an online gaming platform with over 200 million monthly active users, now allows XRP as a payment method. XRP support comes from Xsolla, the company managing Roblox's in-game purchases, with BitPay facilitating a smooth interface with crypto wallets. Roblox has 65.5 million daily users, with 44% under 13 years old. Xsolla has taken significant steps to incorporate crypto payment options, previously partnering with Coinchange Financials Inc. and TradeZing. In 2023, Xsolla also teamed up with Crypto.com to incorporate its checkout solution into Xsolla's platform. The collaboration between Xsolla and BitPay started in 2014.
The online gaming platform Roblox, hosting over 200 million monthly active gamers, has now introduced XRP as a new payment method. That was announced on BitPay's official Twitter page on the 17th of October. XRP, a popular cryptocurrency, is now one of the payment options on Xsolla, which manages Roblox's in-game purchases. Furthermore, BitPay will serve as a liaison, providing a smooth interface with digital currency wallets. Roblox, popular among diverse platforms such as Windows, macOS, Android, iOS, Xbox One, and PlayStation 4, boasts a whopping 65.5 million daily active users. Of these, approximately 44% are younger than 13 years. The gamers on Roblox reportedly shelled out close to $773 million on in-game purchases in the first quarter of 2023. Xsolla, a Los Angeles-based company, has been proactive in incorporating crypto into its payment platform. In August 2022, it collaborated with Coinchange Financials Inc., an automated crypto-management platform, and live-streaming social platform TradeZing to create a payment mechanism for non-fungible tokens (NFTs). Additionally, Xsolla united with Crypto.com in August 2023 to incorporate Crypto.com's checkout solution into Xsolla's pay station platform. The partnership between Xsolla and BitPay dates back to 2014 when they started accepting payments in BTC (Bitcoin). In September 2023, BitPay and Xsolla launched PayPal payments in USD (PYUSD) for both merchants and consumers.

Published At

10/17/2023 7:50:29 AM

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