The worlds of Bitcoin and gaming are not as different from one another as you may initially think. Both ecosystems attract a similar crowd, where gamers and Bitcoin enthusiasts, usually, have a tech-savvy background and keen interest in discovering new things. It only makes sense, then, to see more video game marketplaces accept Bitcoin as a payment method, and after G2A.com did just that earlier last week, Kinguin decided to follow that example just a few days later.
Make sure to read: Gaming Marketplace Giant G2A.COM Accepts Bitcoin
Kinguin – Massively Popular Video Game Marketplace
For [casual] gamers, the name Kinguin will most likely ring a bell. The number of online marketplaces for video game keys, codes, and time-cards is fairly limited, and Kinguin is at the top of that list. With thousands upon thousands of great video games to choose from, Kinguin quickly became a firm favourite among gamers all over the world.
Ever since the platform launched, Kinguin set itself apart from other similar sites by its sheer variety of payment methods. Due to their international customer base, the company had to enlist a fair amount of different payment methods, instead of limiting themselves to just Paypal or Skrill. Other popular payment methods include SOFORTUberweisung, prepaid cards, Bancontact, Ideal, and many more.
Due to Kinguin’s growing success in the video game world – they became one of the top sites in just three years – customers started demanding alternative payment methods to be added. Complying with these requests is not something that can be done on a whim, yet Kinguin managed to fill most of the customer needs in quick succession.
It was only a matter of time until more and more gamers started proposing the option to pay for their video game needs in Bitcoin. This disruptive digital currency has become immensely popular all over the world and seems to attract a lot of attention from gamers and video game streamers. Bitcoin is a borderless digital currency, which would allow Kinguin to expand their customer base to even more countries than ever before.
Having the opportunity to pay in Bitcoin, combined with Kinguin’s platform to buy and sell video games at the best prices with minimal hassle, is a golden combination. Everyday consumers want interactions and purchases to be as smooth, quick, and efficient as possible, without having to go through verification procedures, logins, or delays. Bitcoin seems to be checking all of those boxes for a lot of consumers, which is why Kinguin announced payment integration through BitPay.
This news comes at a particularly good time for BitPay as well, with the company having gone through a rough patch as of late. That being said, this newly forged partnership with Kinguin will put both companies on the map and hopefully result in a fruitful relationship for all parties involved.
Bitcoin & Kinguin – A Powerful Alliance for Gamers
“Every website needs to acknowledge that Bitcoin isn’t some vague futuristic concept. Bitcoin is already here, it works great and is demanded by thousands of gamers. It’s a cross-border payment method that allows us to reach new clients and give users even more payment options. We’re all for freedom of choice, so choose whatever payment method suits you best.” – Kinguin’s Senior Business Analyst Faheem Bakshi stated in a press release.
Many people within the Bitcoin ecosystem feel digital currency adoption will only thrive when enough merchants accept it as a payment method. However, if there is no [clear] demand from customers to pay in Bitcoin, there is little to no incentive for merchants to do so. Even so, accepting Bitcoin payments and payment integration tools comes at a fraction of the cost compared to other traditional payment methods.
Source: Press Release via Email
Images courtesy of Kinguin, Shutterstock
Also published on Medium.