Bitcoin

Dogecoin and other cryptocurrencies are now accepted by Game Giant Nexon

Dogecoin and other cryptocurrencies are now accepted by Game Giant Nexon.

Nexon America, the US subsidiary of South Korean gaming giant Nexon, has partnered with crypto payment processor BitPay to accept various cryptocurrencies, including Dogecoin, for physical items.

BitPay CEO Stephen Pair hopes this combination will improve the gaming experience:

Our agreement with Nexon America to manage crypto payments for in-game items will result in a great gaming experience.

As reported by U.Today, BitPay also incorporated Dogecoin rival Shiba Inu earlier this month, but the crypto meme was not mentioned in the press release.

In April, Nexon bought $ 100 million worth of Bitcoin.

The largest cryptocurrency is currently trading just under $ 49,000 and struggling to recover above the $ 52,000 resistance.

Nexon America’s Kenny Chang says the addition of crypto payments had nothing to do with the parent company’s purchase of Bitcoin.

A divisive trend

With cryptocurrencies and irreplaceable tokens moving into the spotlight this year, many gaming industry giants are feeling the urge to follow the trend.

Andrew Wilson, CEO of Electronic Arts, on a conference call in early November predicted that “gambling for money” and NFT games will be the future of gaming.

French gaming giant Ubisoft also made aggressive NFT efforts earlier this month, but has faced harsh criticism.

Meanwhile, Steam banned NFT and blockchain games in October.

Group chat platform Discord was also forced to abandon its plans to integrate Ethereum after facing backlash from the community.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.