Roblox’s Crypto Revolution
Roblox, the thriving online game platform boasting over 200 million monthly active users, has taken a significant step in the world of cryptocurrency. In an exciting development, the platform has embraced XRP as a payment method, cementing its status as a crypto-friendly platform. This announcement came via BitPay’s Twitter on October 17.
Empowering XRP Payments in Roblox
The company tasked with managing in-game payments within Roblox is Xsolla, based in Los Angeles. They’ve wholeheartedly embraced XRP as a payment option, marking an exciting expansion of Roblox’s capabilities. BitPay, the renowned crypto payment provider, plays a pivotal role in ensuring seamless connectivity with crypto wallets. Their partnership with Xsolla enables Roblox users to make payments using XRP, further advancing the adoption of cryptocurrencies within the gaming community.
Roblox’s Vast User Base and In-Game Economy
Roblox caters to a diverse audience, accessible on a myriad of platforms including Windows, macOS, Android, iOS, Xbox One, and PlayStation 4. With 65.5 million daily active users, it’s no surprise that Roblox is a powerhouse in the gaming world. Astonishingly, 44% of its users are under the age of 13, highlighting the platform’s universal appeal. In the first quarter of 2023, Roblox users collectively spent an impressive $773 million on in-game purchases, underscoring the platform’s robust in-game economy.
Xsolla’s Crypto Journey
Xsolla’s foray into the world of cryptocurrencies is far from new. Their partnership with Coinchange Financials Inc. and TradeZing in August 2022 marked the beginning of their NFT payment solution venture. In August 2023, they further expanded their crypto integration by collaborating with Crypto.com to incorporate Crypto.com’s checkout solution into Xsolla’s Pay Station platform.
A Pioneering Partnership
The partnership between Xsolla and BitPay has a rich history, dating back to 2014 when Xsolla first began accepting payments in BTC. Fast forward to September 2023, and this dynamic duo rolled out PayPal USD (PYUSD) payments, offering a versatile range of payment options to both merchants and consumers.
Roblox’s integration of XRP is not just a leap forward for the platform but also a significant milestone in the ongoing journey of cryptocurrencies into mainstream usage. This partnership promises to bring the world of gaming and digital currencies closer than ever before.