Blockchain is one of the latest most amazing technologies that’s capable of redefining the future of gaming. Are you a merchant searching for a secure gaming merchant account? Where can you get the best fraud protection for your gaming business? Just go on reading to find answers below.
Blockchain in the Gaming Industry
The gaming space has been transforming with rapid advances in recent years. This is thanks to the cutting-edge technologies such as AI, VR, and AR that enable to enjoy unprecedented experiences. The blockchain technology backing cryptocurrency can help players buy items/games faster and process payments more safely.
With blockchain, you can’t illegally trade virtual assets. Also, it eliminates the possibility to hack or steal keys. Why? Because an immutable ledger of that item is being created with no duplicates.
The blockchain technology allows for processing nano-payments. Developers get an opportunity to be paid just right off the bat. So, they can reinvest money in their game launch marketing without delay. All this also opens up new revenue doors for gamers.
Gaming Merchant Account: Payment Danger Out of Gaming
Did you know that a new ransomware strain, “Anatova,” may get extremely dangerous for gamers? It can cause file encryption hostage-taking attacks on gamers and demand Dash cryptocurrency payment.
What are you doing to ensure your gaming business is protected from fraud? Are you working with a reliable payment processor? If not, it’s high time you turned to a reputable merchant services provider to open a safe and secure gaming merchant account at the lowest possible rates. A true payment processing specialist can help you prevent fraud to the fullest.
Blockchain is expected to revolutionize the gaming space. It’s poised to providing new paths for players and developers to connect with gaming platforms. By the way, almost 3/4 of Americans is playing video games, and the gaming industry accounts for over $138 billion.
Such disruption is all about the platform tokenization. As a result, players will start earning tokens for playing, reviewing, or sharing games on social media, and not only. Blockchain guarantees ideal transparency and helps you keep virtual assets under decentralized control. This means players can own their virtual assets.
Cryptocurrency has already begun capturing the interest of the general public. Now, a significant number of public figures are already turning to cryptocurrencies to invest their fortunes. Others are more and more interested in using cryptocurrencies for business purposes, and more.
According to Cheddar, Facebook has acquired Chainspace, a crypto startup. The company plans to build a stablecoin, which is a cryptocurrency that’ll allow having a steady value relative to a global currency, maybe the US. dollar. Till now, not many non-blockchain tech firms have acquired blockchain firms, and this is probably the 1st deal of its kind.
As you see, blockchain is building and fostering a safer gaming environment, thus making the gaming industry more transparent. So, it’s crucial to work with a true payment expert to take advantage of the latest developments in the gaming field.
Author Bio: Electronic payments expert Blair Thomas is the co-founder of high risk payment processing company eMerchantBroker that offers the most secure, safest and cheapest gaming merchant account in the industry. He’s just as passionate about his business as he is with traveling and spending time with his dog Cooper.