In-play transactions are a huge part of gaming. How might cryptocurrency affect the way this happens, though, and can it streamline the process to give gamers a better experience?
Cryptocurrency has become much more mainstream in recent years, but there are still a lot of questions to be answered about it. Here are five reasons why cryptocurrency can benefit gaming.
Play from Anywhere
Cryptocurrencies allow players to play from anywhere in the world without having to worry about exchange rates and other associated fees. It offers one currency that works for everyone, making it ideal for games played by users worldwide.
Paying for items in a different currency might not be as difficult as it used to be, but it is still a hassle you do not need when you are gaming.
The ability to pay in crypto would make payment much simpler for many international players.
When you are in the middle of a game, you do not want to be wasting your time while your bank decides if it wants to authorize your payment. You want the process to be as quick and painless as possible, and crypto is excellent for this.
Crypto takes intermediaries out of the transaction process, making it instant and much more efficient.
Modern consumers are acutely aware of online security, and being able to pay with cryptocurrency would add another level to this.
Most crypto coins are built with security in mind, and with added layers of protection like a crypto hard wallet, it is one of the most secure ways to make payments today. Blockchain plays an important part in keeping cryptocurrencies secure, and it is a major reason why these assets are becoming so popular.
We all want to keep our money safe, and crypto is seen as a good way to do this.
When you pay for something in cryptocurrency, it is a peer-to-peer transaction. This means there is no middleman facilitating the transaction and nobody to take a cut of the payment.
If you are someone who does not like accumulating fees on all your payments, then this makes crypto an ideal option. We all want to get maximum value for our money, and when we are paying for something in-game, we would prefer all that money to go to the developer, not a financial middleman.
Keep Your Identity Safe
We all know the importance of keeping our personal details safe. But, of course, when you are playing games with millions of people worldwide, you do not want people to be able to access personal information about you, but with some payment forms, this could be a possibility.
One of the great things about crypto is that it allows for discreet transactions. As a result, you are not giving up personal information that can be traced back to you, and so you are keeping your identity safe while playing your games.