Nexon, BitPay to Let Gamers Pay With Crypto

Interaction gaming software firm Nexon America, a subsidiary of Nexon Co., is partnering with bitcoin payment service provider BitPay to enable users to purchase in-game items with cryptocurrencies as well as dollars, according to a press release on Tuesday (Dec. 15).

The new feature, launched in Nexon’s online Virtual Worlds, lets players make purchases using Ethereum, Dogecoin, Bitcoin, Bitcoin Cash, Wrapped BTC, Binance USD, Dai, Gemini Dollar, Litecoin, Paxos Standard and USD Coin.

Purchases can be made across numerous Nexon franchises, including MapleStory, KartRider, Mabinogi, Vindictus, V4 and others.

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BitPay has an intuitive interface that will manage players’ wallets and transactions. Players can buy items at values set by Nexon with multiple payment options that include crypto.

“Nexon listens closely to feedback from our players, including the many who have requested we include cryptocurrencies as a form of in-game payment,” said Nexon America General Manager Kenny Chang, adding that players can tap the crypto payments feature effectively immediately.

Nexon establishes caps on player expenditures, and the caps apply to all forms of currency, according to the release.

“Although Nexon America’s decision to accept cryptocurrency payments is unrelated to the bitcoin holdings of NEXON Co., Ltd., this feature reflects the sophistication of our players and their comfort with non-fiat currencies,” said Owen Mahoney, president and CEO of Nexon Co.

Read more: Crypto at the Point of Sale: Bitcoin Versus Stablecoins

Stephen Pair, CEO of BitPay, said that the huge number of online gamers are “pioneers” in using cryptocurrency across how they live and manage their lives.

“Our agreement with Nexon America to manage crypto payments for in-game items will deliver a great experience for players,” Pair added.

This feature is not connected to Nexon’s bitcoin holdings, and the company will not acquire or hold cryptocurrencies related to this initiative.