Crypto Seems Ready to Solve Gaming Industry's Microtransaction Dilemma

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How do crypto payments fit into all of this?As online transactions have gradually become an integral part of the global gaming ecosystem, the past few years have also seen the advent of a new payment avenue for in-game purchases: virtual currencies.

Listed below are several platforms that have already become popular among the gaming community and that charge in crypto for the purchase of game-related content or apparel.

An Xbox gift card worth $15 currently costs 0.0016020 BTC on Bitrefill and a $50 card is available for 0.00534900 BTC. - Gipsybee: This crypto marketplace allows for the purchase of a host of gaming hardware, such as wireless gamepads, video game consoles, VR headsets and much more.

Scan.co.uk: This is a haven for crypto enthusiasts looking to spend their Bitcoin on professional gaming hardware, like niche graphics cards, gaming PCs, RAM cards, DIY water-cooling systems, gaming chairs, GPUs, etc.

BMI Gaming: Video game aficionados who still have a thing for arcade gaming may already be familiar with BMI Gaming.

Caseking: Similar to Gipsybee, this German firm offers its clientele with a plethora of gaming items, such as GPUs, gaming laptops/PCs, gamepads, joysticks, headsets, etc.

Looking aheadThe gaming industry as a whole raked in a mammoth $137 billion last year - which showcases a 13% increase in revenue when compared to 2017.

Crypto assets like Bitcoin can be scaled down quite easily, thereby making it more efficient for gaming companies to process even the tiniest of transactions.

Lastly, in regard to the crypto gaming boom that is currently being witnessed worldwide, Cointelegraph recently interviewed Morten Rongaard, CEO of Reality Gaming Group, about the future of the video game market.

"When talking about the future of the gaming market, the industry continues to catch the attention of not only players of all ages in the economy, but the attention of business owners and investors as well. As an industry, gaming is undergoing impressive growth."

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