The popular online gaming platform Roblox, which has over 200 million monthly active users, has added the native token of the XRP Ledger, $XRP, as a new payment option, according to an update shared by cryptocurrency payments processor BitPay.<\/p>\n
According to BitPay\u2019s update, shared on the microblogging platform X (formerly known as Twitter), XRP was added as a payment method thanks to a partnership with Xsolla, which handles the in-game payments of Roblox. BitPay\u2019s role is to act as a partner to connect with cryptocurrency wallets, Cointelegraph reports.<\/p>\n
Roblox is a popular online game and game creation platform first launched in 2006 that has seen exponential growth, to the point that it now has 65.5 million daily active users \u2013 44% of whom are under the age of 13 \u2013 and is available on all popular gaming platforms, including Windows, macOS, Android, iOS, and gaming consoles Xbox and PlayStation.<\/p>\n
The firm operating the platform, the Roblox Corporation (NYSE: RBLX), revealed earlier this year in its financial results for the second quarter of the year that its revenue reached $680.8 million after growing 15% year-on-year, while its in-game purchases grew 22% year-on-year to $780.7 million.<\/p>\n
Nevertheless, the firm reported a net loss attributable to common stockholders of $282.8 million, despite having an average of 13.5 million monthly unique payers \u2013 a figure that\u2019s up 19% from the previous year.<\/p>\n
Xsolla has been working on including cryptocurrency payments for a while, partnering with Coinchange Financial and TradeZing to create a payment system using non-fungible tokens (NFTs) back in August 2022. Earlier this year, the firm teamed up with Crypto.com to integrate the exchange\u2019s checkout solution on its payment platform.<\/p>\n
Tracing back to 2014, the alliance between Xsolla and BitPay has matured, initially kick-starting with the acceptance of Bitcoin payments. The partnership further grew in September 2023, with the inclusion of PayPal USD transactions for both merchants and consumers.<\/p>\n