Cryptocurrency

Fortnite Merchandise Store ‘Exclusively’ Enables Monero As Payment Method

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The idea of accepting cryptocurrency as a payment method is not something alien by now. The giants of various industries have initiated to accept crypto coins as payment.

On New Year’s Day, rumors were spread in the crypto sphere that Fortnite, the world-renowned merchandise store for the online video game is accepting Monero (XMR) for branded merchandise. By the time, a leading crypto asset Monero’s lead developer Riccardo Spagni announced that Fortnite’s merch outlet has started “exclusively” accepting Monero (XMR) as a cryptocurrency payment option.

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Noting the video game, Spagni declared via Twitter stating, “now you can purchase that sweet Durrr Burger onesie without your friends, family, or coworkers judging you,” emphasizing on XMR’s privacy features.

Fortnite will process the payments with the help of Globee, a global crypto-friendly payment processor. The only digital currency that the online game store accepts is XMR, but Globee operates the cryptocurrencies including Bitcoin (BTC), Litecoin (LTC) and Ripple (XRP) including XMR. Buyers can also make payments through a range of conventional methods including credit cards and PayPal.

Following the announcement, many crypto enthusiasts responded on the social media platforms. The crypto community expressed excitement considering this move by the gaming store an optimistic sign. Also, many individuals have been asking about the possibility to add other virtual currencies. Some of the respondents were not connected to the game, but they noted that this is what adoption looks like.

However, some Twitteratis have shown a negative approach regarding Video game’s impact on society. At the same time, crypto believers claimed that this form of entertainment is the way to promote cryptocurrency use across the world.

Notably, Fortnite is an online video game established in July 2017 and developed by Epic Games, having more than 125 million players worldwide.

Apart from that, back in October, cybersecurity firm Malwarebytes discovered that scammers were using malware to target the Bitcoin (BTC) wallet addresses of Fortnite gamers. Moreover, network and enterprise security company Palo Alto Networks concluded in June that around 5 percent of all XMR in circulation was mined maliciously by cryptojacking. At press time, XMR is up 3.27 percent on the day and is trading at $47.46.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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