Why Videogames Don’t Let Crypto Be a Payment Alternative Yet?

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Why Videogames Don’t Let Crypto Be a Payment Alternative Yet?
Quite apart from the banking industry which was obviously going to be the first to have major changes in the aspect of payments, one of the best conditions that it has to adopt cryptocurrencies is the videogame industry. Why? Check out below.
Why Videogames Don’t Let Crypto Be a Payment Alternative Yet?

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Source: CoinSpeaker

Epic Games Confirms Fortnite and Stranger Things Crossover

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Epic Games Confirms Fortnite and Stranger Things Crossover
Fortnite and Stranger Things fans have been waiting for this crossover for quite a while and now Epic Games officially confirmed this. Both the game and the show previously hinted about a possible crossover and now it is official.
Epic Games Confirms Fortnite and Stranger Things Crossover

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Source: CoinSpeaker

Did Christchurch Killer Invested in Crypto Scam Bitconnect?

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Did Christchurch Killer Invested in Crypto Scam Bitconnect?
New Zealand has suffered one of its darkest days after a terrorist went to his “terminating spree” to several Christchurch mosques killing 49 people. As new details surface, the criminal seems to have dabbled in cryptocurrency investing in BitConnect.
Did Christchurch Killer Invested in Crypto Scam Bitconnect?

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EA Stock Jumps as Apex Legends Gets 10M Players in Just 3 Days

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EA Stock Jumps as Apex Legends Gets 10M Players in Just 3 Days

A game developed by Electronics Arts Inc as a competitor to the wildly popular “Fortnite” has signed up 10 million players within three days of its launch, the videogame maker said, driving its shares up 16 percent on Friday.

EA Stock Jumps as Apex Legends Gets 10M Players in Just 3 Days

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Fortnite’s brief foray into Monero [XMR] was ‘accidental’, says Epic Games founder

Tim Sweeney, an American computer game programmer and a founder of Epic Games, tweeted saying that Fortnite and Epic Games still don’t have any connections or partnerships to accept cryptocurrencies and that there is still a lot of work to be done before that becomes a reality.
Tim Sweeney tweeted out saying that this was false and that Epic or Fortnite is not connected to Monero.
He tweeted:
“Actually, Fortnite’s brief foray into crypto was accidental. We worked with a partner to open a merchandise store, and somewhere along the way Monero payment was enabled.”
Moreover, Sweeney said that the folks at Epic Games and Fortnite were huge fans of “decentralized computing” and its underlying technology.
He also added that the Fortnite audience includes a younger audience, and since cryptocurrencies are very volatile, there was a lot of work that was needed to be put into making cryptocurrencies as a form of payment for the staggering amount of audience that Epic Games and Fortnite bring to the table.
Furthermore, he added:
“Googling this, there’s quite a rumor mill out there. No, Epic doesn’t have any cryptocurrency partners and aren’t in any crypto partnership discussions with anyone. We do read lots of papers and talk to smart people to learn more in anticipation of an eventual intercept.”
A Twitter user, @cryptochange34 retweeted Sweeney’s post, saying:
“So why did @fluffypony claim that Epic was supporting Monero because @GlobeeCom worked with them as part of Project Coral Reef?”
To this, Riccardo Spagni aka fluffypony replied saying that he did not. The user, referring to fluffypony’s comment on a Reddit thread said that Spagni comment was misleading.
Source: Reddit
Spagni replied:
“Nope, it’s correct. Epic Games isn’t the merchant.”
The user @cryptochange32, commented:
“To add, if there was an agreement reached with anybody then why is @TimSweeneyEpic claiming it was a complete accident as if somebody just hit the wrong button in shopify? (I dont really think you can setup a functioning globee account “by accident” but OK)”
Tim Sweeney, replied:
“There was a series of discussions with many people deciding which international payment methods on the partner’s platform to support based on territory reach. Monero was somewhere in the matrix, and the Epic guys didn’t appreciate that one of those things was not like the others.”
The post Fortnite’s brief foray into Monero [XMR] was ‘accidental’, says Epic Games founder appeared first on AMBCrypto.
Source: AMB Crypto

Fortnite Founder Big Fan Of “Decentralized Tech” Underlying Crypto

In an unexpected turn of events, the official Fortnite merchandise store recently began to accept Monero (XMR) purchases through crypto-friendly payment service GloBee. That begs the million-dollar question — Is Epic Games, the creator of the aforementioned video game, enamored with cryptocurrencies, Bitcoin, blockchain technologies, and the like?
A recent tweet from a member of Epic’s top brass indicates that yes, there are a handful of crypto enthusiasts at the development studio.
Fortnite Founder Bullish On Blockchain Technology
Tim Sweeney, the world-renowned computer engineer and founder of Fortnite creator Epic Games, recently came out in support of the “decentralized computing tech underlying cryptocurrency.” For the buzzword uninitiated, he means blockchain. Touching on the Fortnite’s “brief foray” into cryptocurrencies via its store, the American developer noted that the acceptance of Monero was “accidental,” as somewhere along the way one of the firm’s partners activated support for the privacy asset.
Yet, he went on to explain that “many of us at Epic (implying that he’s included),” are big fans of blockchain technologies. And while Epic employees are fans, Sweeney noted that work needs to be done on “volatility and fraud-proofing” before bringing the innovation to the public, especially to the younger demographic who frequent Fortnite. He added that in spite of the rumors, Epic doesn’t currently have any official crypto-centric partners, nor plans for a solid foray into this industry.
However, the Unreal Engine programmer noted that Epic continues to read “lots of papers” and talk to “smart people” regarding the subject, specifically in “anticipation of an eventual intercept.”
Related Reading: Ethereum Developer ConsenSys Partners With AMD To Bolster Blockchain Industry
Video Games And Crypto: They Key To Adoption? 
Sweeney’s innocuous message could be painting an optimistic picture, as some believe that a crossover between the gaming world and cryptocurrencies could, ironically enough, be a game-changer.
Although some are skeptical of the role that video games play in society, a multitude of crypto enthusiasts has claimed that this form of entertainment is the key to global adoption, however silly that may sound. Many forward-thinkers in this budding sector have drawn attention to non-fungible tokens (NFTs), which if integrated correctly, can act as unique, secure, tradable items for games. With the rise of in-game items, like skins in League of Legends and Overwatch, ledger-based NFTs could quickly garner traction, especially as blockchain development continues to mount.
But with the rise of in-game currencies, like Fortnite’s very own V-Bucks, simple fungible crypto assets for microtransactions, which may be situated on a platform like Ethereum, could also perform well. And eventually, video game-related tokens could enter the broader crypto ecosystem, allowing consumers, whether young or otherwise, to transact their gaming currencies for Bitcoin and other cryptocurrencies.
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Following Fortnite’s Acceptance of Monero, Investors Optimistic on Crypto

A popular cryptocurrency recently made its way into the checkout payment option of a top-rated video game. And yes, it was not Bitcoin.
Monero, a privacy-enabled offspring of the same technology that powers the Bitcoin payment protocol, can now be used to purchase gaming merchandise on Fortnite. The online video game, first released in 2017, is a cooperative shooter-survival competition which has drawn in more than 125 million users across the world. According to Holiday 2018 consumer reports, youngsters were keen on using a cryptocurrency as a payment option – instead of cash – on Fortnite merchandise store.
“Today we have strayed from the path of righteousness,” a Redditor commented. “But seriously, that’s some pretty awesome adoption. Even if no one uses it, it’s a fantastic exposure of millions of people who might ask “What’s that groovy M? And why is it better than regular payment?”.
The event sparked one of the many debates about teenagers’ growing interest in decentralized assets. The generation that is going to build the next financial trend, as opinionated by ShapeShift’s Erik Voorhees, wants a break from the Wall Street version of money – and in a couple of years, they will drive more adoption to the crypto space.

Within a couple years, the average 16 yr old Xbox player will understand more about crypto than the average Wall St. banker. https://t.co/OvQOpcJpR3
— Erik Voorhees (@ErikVoorhees) January 4, 2019

The discussion has spread to a point where teenagers are reportedly finding banks too slow to catch up to their space. They are not ready to wait in queues to set up their bank accounts or wait for their payment requests to get approved in 3-5 “working” days. Cryptocurrencies attract them for being more independent and faster than any traditional financial regime.

My oldest son already know more about Blockchain and Crypto at 11 yr than most other people i know…
— Jonas Karlberg (@jonas_karlberg) January 4, 2019

Outside the world of young, however, crypto continues to feel the heat from its older and more matured critics. American-Iranian economist Nouriel Roubini called bitcoin a “mother of all scams” before the US Congress. Warren Buffet, an investment kingpin, said that bitcoin lacks intrinsic value, adding that probably it is “rat poison squared.” Legendary investor Gary Shilling called the cryptocurrency a “Ponzi scheme.”
The anti-crypto opinions mostly include criticism about crypto’s excited use-case in the new financial world. They believe that the whole sector, barring centralized digital currencies, is destined to go down as the most significant financial scam the world has seen ever.
Crypto world argues that mainstream economists do not focus on the crypto’s technological aspects – that their views are limited to their definition of deflationary economy. Shilling, for instance, has admitted that he does not understand how Bitcoin works. Buffet has been in a similar scenario during the introduction of Amazon and Google stocks back in the 90s. He had predicted that these companies would fail, without understanding what they were looking to create in a longer run.
Fortnite, at best, is experimenting with what could be the future of finance. It could lead many other investors to look into the potential opportunities presented by the crypto space. In the end, what Monero has today is a potential user base of millions of people.

If the next generation of school children grow up to understand the separation of money and state, then bitcoin will have succeeded.
— Erik Voorhees (@ErikVoorhees) August 14, 2012

The post Following Fortnite’s Acceptance of Monero, Investors Optimistic on Crypto appeared first on NewsBTC.
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Fortnite Merchandise Chooses Monero as the First Supported Digital Asset

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Fortnite Merchandise Chooses Monero as the First Supported Digital Asset

Monero is the first digital asset that will be supported directly. Customers can also make payments with a range of conventional methods including credit cards and PayPal.

Fortnite Merchandise Chooses Monero as the First Supported Digital Asset

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Source: CoinSpeaker

Crypto Scammers Stealing Bitcoin Through Fortnite

Everyone is talking about it, the most popular game at the minute (at least until Red Dead Redemption 2 comes out..) is Fortnite!
Fortnite is always in the news for something or other nowadays. People complain that it causes violence, depression and even divorces! In the UK alone, Fortnite has been the sole reason for 5% of marriages ending according to a report in September.
With the new season of Fortnite upon us, so do a load of new scams.
Continue reading Crypto Scammers Stealing Bitcoin Through Fortnite at Crypto Daily™.
Source: Crypto Daily