In a groundbreaking announcement dated October 17, as conveyed via BitPay’s official communication channel on the X platform, Roblox, the immensely popular online gaming platform boasting over 200 million monthly active users, has unveiled its adoption of XRP, currently valued at $0.49, as a novel payment gateway.
This pivotal integration of XRP as a payment method within Roblox has been orchestrated through the dynamic partnership of Xsolla, the platform responsible for managing in-game transactions within the gaming universe, and BitPay, the seasoned ally dedicated to forging a seamless bridge between the crypto realm and digital wallets.
Roblox’s ubiquity extends across a diverse array of platforms, including Windows, macOS, Android, iOS, Xbox One, and PlayStation 4, with a staggering 65.5 million daily active users, remarkably 44% of whom fall below the age of 13. The first quarter of 2023 witnessed Roblox users collectively invest a substantial $773 million in in-game purchases, underscoring the significance of the addition of XRP as a payment option.
Xsolla has persistently demonstrated its commitment to integrating cryptocurrency into its payment infrastructure. Notably, in August 2022, it orchestrated a strategic collaboration with Coinchange Financial, an automated crypto management platform, and TradeZing, a web3-based social live-streaming platform, aimed at constructing an innovative non-fungible token payment solution. Building on this momentum, in August 2023, Xsolla joined forces with Crypto.com to seamlessly integrate the latter’s cutting-edge checkout solution into the robust Pay Station platform.
The symbiotic relationship between Xsolla and BitPay finds its origins in 2014, when they pioneered the acceptance of Bitcoin, then valued at $28,552. Significantly, in September 2023, BitPay and Xsolla initiated an innovative payment mechanism for merchants and consumers, involving PayPal in USD transactions, further enriching the financial landscape within their expansive gaming ecosystem.