Bitcoin and the Gaming Sector
The gaming sector is singled out as one of the most profitable industries globally, and it has leveraged technological innovations to make gaming accessible to a wider audience. On the other hand, Bitcoin is an equally popular and successful payment method that has gained a massive following, especially during 2021, as its value has tripled since the beginning of the year and topped $60,000.
Its use is beyond crypto trading and investing, as it has found an application in different industries, and it is also accepted by many different businesses and various business sectors, including the gaming sector. If you’re wondering what the advantages of offering Bitcoin as a payment solution in the gaming sector are, here we cover some of the main benefits below.
Even though mobile gaming, in general, has prompted greater interest in gaming, cryptocurrencies are definitely gaining traction all over the world, and gaming platforms and developers will definitely attract an even higher number of fans and customers who want to use their BTC for games or in-app purchases.
In fact, Bitcoin is one of the largest cryptocurrencies on the market, especially with its market cap valued over $1 trillion, while there are more than 70 million Bitcoin wallets worldwide. Hence, this means that there is definitely great potential when it comes to attracting a new target audience that uses BTC.
Secure and Fast Payments
When it comes to the advantages of using BTC for in-app purchases or purchases of games, that means anonymous payments that are simultaneously secure and fast. It doesn’t matter whether you’re making a cross-border transaction or you’re purchasing a game within the borders of your country. The blockchain network which facilitates the payments allows the processing of BTC transactions within 10 minutes.
Moreover, it is extremely easy to trade BTC for other cryptocurrencies or traditional currencies on popular sites like get started with yuanpay group. This is an automated trading system that is based on military-grade encryption. So, your data is safe here. Because this is an AI-based trading system, you don’t need to be knowledgeable about BTC to trade here, and the system has an accuracy level of up to 90%.
In terms of the security of BTC payments, you can rest assured that it is highly safe to make a BTC transaction because on top of the security provided by the gaming platform, for example, the blockchain network is known for its high levels of security, due to its particular design and use of cryptography.
Another advantage that cannot be overlooked is the transaction fees regarding BTC transactions, even with the high traffic on the blockchain network. It’s also worth mentioning that Bitcoin doesn’t include exchange fees or any other hidden fees, so you are basically saving money because this is a peer-to-peer-based network that doesn’t require external approval to process your funds.
This is, of course, an advantage for both parties, not just the Bitcoin owners, because you don’t have any fees for receiving BTC payments on your platform, and you can also receive BTC bitcoin payments in your brick-and-mortar shop, for instance.
The Bottom Line
In conclusion, Bitcoin, as well as the blockchain network, are providing benefits to both consumers and businesses, especially in the gaming sector.
As a BTC owner, you don’t have to spend a lot of time or money when you want to purchase the latest game or make a purchase, for example. Furthermore, offline and online businesses will leverage the consistent growth of Bitcoin in the long run, and they don’t have to pay any fees for receiving Bitcoin transactions.