In a major boost to “crypto for gaming” a Japanese esports company announced its plans to pay gamers in XRP. The company is none other than SBI esports which is a subsidiary of the SBI group. XRP, as everyone knows, is one of the most popular cryptocurrencies in the world. So, this announcement holds quite a lot of weight, especially for gamers worldwide.
Cryptos Gaining Popularity in The Gaming World
The announcement by SBI esports comes as a part of a deal with venture capital firm, VC Trade. The main aim here is to increase the foothold of SBI in the gaming world where cryptos are getting popular. And since Ripple has been a partner of the company for a long time, this was a no-brainer. Especially considering that this move will also help them diversify their portfolio in the blockchain industry. It will also increase the awareness of more gamers about the world of cryptocurrencies, even products like bitcoin atm, crypto exchanges, etc.
A Long Desired Change
But the most important part of the news is how the esports players will be paid. Now, instead of receiving salaries in fiat, the esports players will receive XRP. It is this type of adoption that crypto enthusiasts have been wanting for a long time. They hope that one by one, most industries will switch to paying their employees with crypto instead of fiat. Whether the regulators will allow that to happen in the future is yet to be seen. However, it’s the start everyone wanted.