Cryptocurrency may have a special place in the investment and trading industry, but lately there’s a growing demand for an easy conversion of in-game items to fiat currency.
Cryptocurrency and Blockchain can serve to bridge the gap and allow players to exchange their virtual and digital assets into something they can use to pay rent, food or electricity.
Here are the different ways on why cryptocurrency is the future of online gaming.
Easy Adoption and Integration
Game companies can learn from establishments and websites that already accept Bitcoin and cryptocurrency as a form of payment.
There’s really no excuse on why you shouldn’t provide an option to trade cryptocurrency- most players know of Bitcoin and have a crypto wallet they use to store the digital asset. These players will be delighted to find that their crypto can be used to purchase in-game items and will probably do it in the near future.
Ties Gamification and Investment
There’s a good chance that people who play games will have invested in Bitcoin and other cryptocurrency at some point. With the emergence of NFT games exposure is now at an all-time high, and it’s only a matter of time before the non-investors turn and become one.
Gamers now live in a world where they can earn enough money to live comfortably doing what they love. With the help of technology, such as YouTube, high speed internet and streaming software they can make themselves known and monetize their views to the public.
Adding a robo trader such as crypto-robopro.com/tr can be an excellent monetization option. Users can invest in several crypto coins and have the trading platform work for them to turn a profit. There’s no need to spend more time than what’s necessary to learn the ins and outs of crypto trading as everything is done for them.
Blockchain is such a well-regarded system because it’s decentralized and secure. NFT games are built in Blockchain, which makes them tamper-proof and safe for players and investors.
Blockchain’s benefit is such that all games should migrate to it if they want to earn their customers’ trust. Cryptocurrencies and digital assets are fine examples of advantages game companies can get when they build on the Blockchain technology.
Cryptocurrencies were created to solve a problem fiat currency and bank institutions were having- a lengthy processing and turnaround time.
Cryptocurrencies could be sent halfway across the globe and arrive at their destination in only a matter of seconds. What’s more, it’s consumer-friendly in that transfer and exchange fees were significantly lower compared to bank transfers.
Imagine this benefit for gamers and you’ll know that it’s a better solution for your company and gamers, cost-wise. P2P transaction cuts out the middleman and makes for an anonymous payment system.
Both are Future Contenders
Gaming and cryptocurrency industries are both strong performers and aren’t looking to be slowing down anytime soon.
Both have strong potential, and people are only scratching the surface of what cryptocurrency and gaming can do.