Singapore, SINGAPORE – Online shooter-survival video game Fortnite has become a global phenomenon. And naturally, crypto payment for its affiliated merchandise mostly consisting of t-shirts but also includes the Durrr Burger Onesie that cost US$70 will become a reality. The crypto of choice is privacy coin Monero (XMR) with Globee processing such payments.
— Monero || #xmr (@monero) January 1, 2019
Players such as Tyler Blevins (code name: Ninja) is one of the biggest YouTube stars this year and his record-breaking views live-streaming on Twitch has made him an estimated US$10 million last year.
Gaming company Epic Games, developers of Fortnite, on the other hand, has pocketed approximately US$3 billion in the same calendar year because of the game’s success. There are a reported 200 million registered users who play the game and its Battle Royale mode has proven to be immensely addictive as a separate genre. XMR is trading in the green as of press time but the correlation could be vague at best because of the association.
While it’s just merch, for now, the association to what is arguably the biggest game of 2018 will boost XMR’s clout with gamers even as more conventional payments such as credit cards and PayPal are used instead. But eventually, to buy, sell, and trade in-game items for the gaming community at large, the incorporation of crypto is adoption at its most tangible. Why only XMR when Globee also has the capacity to process other major cryptos? Fortnite already has its own V-Bucks that has been exploited with malicious codes by hackers, so this may be just a start for Retail Row which owns the online merch store.