Gamers and crypto go hand and hand, but it hasn’t always been so simple to buy games with crypto. Coins have been in heavy use around the video game industry since arcades began accepting tokens. Much like physical money is slowly being phased out from the arcade by forcing users to top up value cards versus popping in more coins, crypto is displacing the traditional finance industry.
The connection hasn’t entirely been made between crypto and the gaming industry, with most game publishers and console manufacturers without an easy way to accept crypto from users. Thankfully, Swapin crypto-to-fiat payment solutions are allowing gamers to buy games and pay for online subscriptions right now using crypto assets that are instantly converted to fiat currencies and sent to the recipient’s bank account.
The gaming audience and the cryptocurrency market have many synergies, making gamers an early investor class in crypto and a key to unlocking global adoption. Since the early days of the Super Mario Bros., gamers have been doing their best to collect as many coins as possible.
As the gaming industry grew, and so did the digital form of media, collecting coins soon turned into digital economies where users transacted with in-game currencies like gold in World of Warcraft. In the future, downloadable content could be offered as NFTs, which could be sold second-hand via cryptocurrency-based marketplaces.
The evolution of these two industries is unfolding right before our eyes. In the meantime, gamers can immediately utilize their cryptocurrencies with Swapin technology, allowing them to buy their favorite games online or pay for online subscription fees required by most gaming consoles and networks.
Swapin B2C solutions like InstaPay allow crypto holders to pay anyone in the world with cryptocurrencies, yet the recipient gets GBP or EUR to a connected bank account. InstaPay makes it possible to buy games with crypto in only a few clicks.
InstaPay also lets anyone set-up a predefined payment template so that crypto holders and gamers can conveniently pay for recurring monthly online subscriptions like the PlayStation Network, Xbox Live, and other major subscription services – all without having to enter the same payment details each time before pushing send on the payment.
Gamers can also contact their favorite retailer and request that they begin accepting cryptocurrencies through one of Swapin’s B2B tools. For example, CoinCollector accepts cryptocurrencies through a prefilled payment link, while the E-Com widget allows any business to accept crypto through an e-commerce checkout process designed by Swapin.
In each case, although the business is sent cryptocurrencies, Swapin’s crypto-to-fiat payment technology instantly converts all crypto assets to fiat without all the fuss. Exchange rates are locked for 30 minutes during the transaction, so there is no risk of price volatility, causing the number of funds to differ when it reaches its destination.
Swapin services are EU-regulated and trusted by individuals from all across Europe and businesses like RE/MAX and E-Jewels. The company recently raised more than €1.88M across early funding rounds, attracting talent from key industries like crypto, finance, and fintech development.
Instant crypto-to-fiat payments from Swapin are changing the game once again. If you want to power up the way you buy games with crypto or give extra life to your monthly online subscription purchases, check out the Swapin app today.
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