The video gaming industry has been enjoying significant growth in recent years, and over the next five years, it is expected to be worth close to $300 billion worldwide. One of the critical factors in the continued growth of video gaming has been mobile gaming, and playing games on mobile devices has proved more popular than many experts predicted. However, another aspect of video gaming that could take off in the near future is Bitcoin.
In fact, the gaming industry has already incorporated Bitcoin, which has become the world’s leading cryptocurrency. More and more people are choosing to invest money in Bitcoin. Although the value of the cryptocurrency can fluctuate, at the time of writing, it is trading at over 100% above the level at the beginning of 2021. Investing in Bitcoin is a gamble, and you can use the cryptocurrency to play casino games. There are now specialist cryptocurrency casinos, and you can check out the Bitcasino review by clicking on the link.
So, how has Bitcoin become a part of the video gaming sector?
Perhaps the most significant way Bitcoin has entered the video gaming sector is as a payment method when purchasing games. PC games are available to download and install at Steam, a video game digital distribution service produced by Valve. There are some fantastic games available on Steam, and many of the latest titles are available to buy on the platform. Bitcoin was first introduced as a payment method on Steam several years ago but was withdrawn due to the volatile nature of the cryptocurrency.
Fortunately, there are many other ways to buy video games using Bitcoin. G2A is a good example, and this is a website where you buy video game codes for multiple platforms, often cheaper than anywhere else. G2A has all the common payment methods available, including debit cards, credit cards, PayPal, and Skrill, but it also offers Bitcoin via BitBay. Instant gaming is another digital video game store that allows payment through cryptocurrencies such as Bitcoin.
Why would you choose to buy a video game using Bitcoin?
Firstly, you can purchase items using Bitcoin without having to give away any of your personal information. It is essentially an anonymous purchase, which is a good way of preventing your details from being stolen when buying video games online. Secondly, if you already trade in Bitcoin, why not use it to purchase items you want, including video games? For many people, using cryptocurrency is the same as any other form of currency and highly convenient. In fact, using Bitcoin to buy a video game is often quicker than any other form of online payment and is free to use.
Interestingly, video game developers have taken steps to include Bitcoin in video games. Splinterlands is a good example, and this game has taken advantage of the popularity of both mobile gaming and Bitcoin. The game is based on card trading and uses the blockchain. You can purchase digital cards using Bitcoin and use them in battles against other players.
CryptoKitties is another example of a video game based on the blockchain. You can collect and breed cats, with each cat being 100% unique, meaning it belongs only to you, can never be taken away or replicated. Although it may be impossible to follow the same format on the most popular video games featuring in-game transactions, Bitcoin could soon become an option on games like FIFA. Players can buy packs and trade cards on the game, and EA Sports may allow users to use Bitcoin to purchase items in the future.
Coin Hunt World is a geo-location video game where you scavenge for Bitcoin. Using a digitally produced map of your area, you can walk around and find blue keys, which when submitted to a vault, resulting in the award of Bitcoin.
As you can see in the examples above, Bitcoin is already playing a role in the video games sector, and the cryptocurrency will only become more significant in the future.