June 10, 2021 | 3 min read
Cherry Credits, the leading game publisher and micropayment solutions provider for digital content and game channeling, is partnering TripleA to offer cryptocurrency as a new payment method. The company offers its own gaming credit through multiple payment channels and the credits can be used to purchase over 1000 PC and mobile games, including popular titles such as Dota 2 and Dragon Nest.
Since its founding in 2007, Cherry Credits has built a strong brand recognition and global presence, with over 350,000 retail points around the world. “We take pride in delivering accessible, secure, and convenient payments to ensure anyone can purchase our gaming credits easily. With the recent addition of crypto payments, we now offer a total of 8 different payment methods and are looking to expand our offerings further,” said Stanley Liew, CEO of Cherry Credits.
Cryptocurrency is not a stranger to the online gaming industry. Since 2019, the gaming sector has readily embraced using the blockchain to purchase virtual items in games. “Cryptocurrency is quickly gaining traction, especially among the gamer population, consisting of mainly young and tech-savvy adults who tend to be early adopters of cryptocurrency and hence should not be overlooked,” continued Stanley.
“I am really excited about this partnership and look forward to the potential growth of cryptocurrency in the gaming industry. At TripleA, we empower businesses with the opportunity to tap into an entirely new revenue stream, a thriving one. With over 200 million crypto owners around the world, TripleA aims to bring crypto payments to even more businesses worldwide,” said Eric Barbier, CEO of TripleA. Gaming companies have begun to incorporate blockchain into their games as it allows in-game assets to be truly ownable and transferable, creating permanent value. This will become a new significant incentive for people to spend their money on in-game purchases, bringing higher revenues to the gaming industry. The gaming industry generated a revenue of over US$180 billion in 2020 and is expected to grow even more in 2021 with blockchain and cryptocurrency as the main driver of growth.
TripleA allows online and offline businesses to accept cryptocurrency payments with zero price volatility risk by converting them to local currencies in real-time. With its easy setup, its highly competitive exchange rate, and its no-chargebacks payment system, TripleA helps businesses increase their revenue by accessing the growing cryptocurrency users (200m+) community from all over the world.
About Cherry Credits
Since 2007, Cherry Credits has been a trusted provider of secure global payments for digital content. Through the platform’s unique e-wallet system and physical scratch card distribution, Cherry Credits empowers gamers to purchase game credits online anytime, anywhere. Processing millions of online transactions annually, Cherry Credits is the payment solution of choice by game developers and publishers everywhere who have made the system an essential part of their global expansion plan.