Cryptocurrency in the Gaming Industry
According to a medium article, 55% of Millennial gamers own cryptocurrency and 80% of this group are interested in using cryptocurrency to make transactions within gaming.
There are also findings that 48.6% of crypto owners would consider spending cryptocurrency on online gaming or gambling in the future. and 57.8% would consider spending cryptocurrency on computers and electronics.
A seamless payment experience is important, as half of Latin American and the Caribbean paying gamers have backed out at the checkout of a video game-related purchase.
Similar issues arise for those creating video (game)-related content. Only 1 in 6 content creators say they experience a seamless pay- out experience.
This suggests that adopting cryptocurrency as a payment method can help improve the gaming experience of users by improving the checkout and payout process for them.
Cryptocurrency has gained popularity in the gaming industry, with top gaming companies like Microsoft Xbox, Twitch, and G2A entering the cryptocurrency space.
Crypto games are now transforming the games market by letting players earn while playing. As more gamers accept crypto, gaming companies have a vast market opportunity to reach crypto gamers worldwide.