Roblox Refutes Claims Of Ripple Integration For In-Game Purchases
Portfolio Pulse from Khyathi Dalal
Roblox (NYSE:RBLX) has partnered with BitPay to include Ripple's XRP as a payment method for in-game purchases, subscriptions, and transactions. The move is expected to expose Roblox's user base, 44% of which is under 13 years of age, to cryptocurrency. In Q1 2023, Roblox users reported around $773 million in in-game spending. Ripple is known for its fast transaction speeds and low fees, which could enhance the gaming experience for Roblox users.
October 17, 2023 | 3:48 pm
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POSITIVE IMPACT
Roblox's partnership with BitPay to include Ripple's XRP as a payment method could potentially increase in-game spending and attract more users due to the fast transaction speeds and low fees associated with XRP.
The inclusion of Ripple's XRP as a payment method could potentially attract more users to Roblox due to the fast transaction speeds and low fees associated with XRP. This could lead to an increase in in-game spending, which could positively impact Roblox's revenues.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The inclusion of Ripple's XRP as a payment method on Roblox could potentially increase the demand and usage of XRP, especially among younger audiences.
The inclusion of Ripple's XRP as a payment method on Roblox could potentially increase the demand and usage of XRP, especially among younger audiences. This could lead to an increase in the value of XRP.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100