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Fortnite scales up Monero [XMR]’s adoption: added as a means of payment for its online merch store

Priya

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Fortnite scales up Monero [XMR]'s adoption: added as a means of payment for its online merch store
Source: Unsplash

Monero [XMR], the most well-known privacy coin, showed less positive price movements in the month of December 2018. However, the cryptocurrency did end the year with a bang, following an announcement regarding its adoption. The privacy coin can now be used as a means of payment in one of the most well-known enterprise.

It was recently added to the payment channel of Fortnite’s online store, with other options being credit card and PayPal. This acts as a major boost for Monero’s adoption as it is the first and the only cryptocurrency accepted for payments.

Additionally, Fortnite is one of the most popular online video game with over 78.3 million monthly players, which is the product of Epic Games, a franchise that has been thriving in the video game industry since 1991. Fortnite users can pay for the merchandise with the privacy coin, with GloBee acting as the gateway for the payment channel.

Source: Fortnite

Source: Fortnite

GloBee is noted to be one of the leading cryptocurrency payment providers. It empowers merchants to accept cryptocurrencies such as Bitcoin [BTC], Ethereum [ETH], and Monero [XMR] without any risk associated with it. The platform also supports other top cryptocurrencies such as XRP, Dogecoin, and Litecoin [LTC].

Riccardo Spagni, the lead developer of Monero said on his official Twitter handle:

“Too cool: the Fortnite merch store (merch.fortnite.com) lets you pay in Monero, so now you can purchase that sweet Durrr Burger onesie without your friends / family / coworkers judging you.”

Pool Group, a Redditor said:

“This is great news! Considering that this game seemed to be extremely popular in 2018 and now they are only accepting Monero (in terms of crypto), that is a big deal. I keep wanting to change my mind about Monero becoming the long term digital money, but I can’t.”

The Redditor further stated:

“At a simple perspective, it has a different algo/source code then bitcoin, most private which compliments its fungibility, low fees and their community is always making reports about the pros and cons the coin. This comes to show you the problem in the crypto market. You have a bullshit coin that is just a fork called BSV with no uses but yet it holds a higher marketcap than Monero.”



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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

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