Gaming Marketplace G2A Will Accept Bitcoin through BitPay

Online gaming marketplace G2A will be accepting Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term thanks to a partnership with BitPay.

Hong Kong-based G2A is one of the largest online marketplaces bringing game developers, buyers and sellers together. According to a press release, it has facilitated an average of 700,000 transactions per month in 2015.

It has also reportedly invested €20 million in research and development over the past two years, and €6 million in e-sports sponsorship.

2015 has seen a noticeable slowdown in the number of high-profile companies announcing plans to accept bitcoin for payment. The notion of bitcoin for use as an everyday currency has not caught on as many had hoped. BitPay, a household name for helping merchants accept bitcoin, has shifted its business strategy and reduced its workforce.

The partnership is the second major partnership announced by BitPay since these changes. Last week, it partnered with Ingenico to make bitcoin payments possible for merchants using the latter's point-of-sale (POS) terminals.

Online gaming is a fitting candidate for bitcoin payments, which can be made instantly and globally, and are usually confirmed within minutes. Marcel Roelants, General Manager BitPay EMEA, commented, "By their nature, digital goods like games, are borderless. Using bitcoin as a global payment method will complement the online experience."