News

You Can Now Use Monero (XMR) to Buy Fortnite Merchandise Online

The merchandise store of the world’s most popular game, Fortnite, will now accept cryptocurrency as a form of payment — though only Monero (XMR).

Fortnite, a battle-royale style shooting game made by Epic Games, and with a player base of approximately 200 million players, will let users purchase such items as shirts and other clothing in their online store.

Officials of Fornite are yet to make the announcement themselves, but fans have posted the news on reddit, where it was very happily welcomed.

Monero project lead Riccardo Spagni shared his joy on Twitter:

The addition of Monero as a payment option will give the cryptocurrency a great deal of exposure — and many of the players are users in their teens or early 20s, who have been known to have a particular affinity towards cryptocurrency as a form of money and an investment option.

Interestingly, Fortnite chose Monero over Bitcoin as they believed the latter would be accompanied by privacy issues.

The store providers wished to offer users a privacy-preserving alternate. However, Spagni elaborated that Fortnite is interested in Bitcoin’s Lightning Network upgrade.

Monero-based purchases are unlikely to see much traction, at least in the near future, given that the ability to purchase and use cryptocurrency still remains out of reach for the majority of the masses.

Still, with greater adoption in the coming months, measuring the growth of cryptocurrency as a payment option will be an interesting experiment.

Monero Gaining Increased Exposure and Growing as a Payment Option

On reddit, Spagni described the development as a part of the Project Coral Reef effort, funded by both the Monero community and GloBee, a cryptocurrency payment partner associated with the project.

Project Coral Reef is an effort by Monero to increase the viability of Monero in everyday transactions. Several music artists and bands, as well as some stores, have already become associated with the effort.

Being featured in on the world’s hottest game is no small marketing achievement for the Monero project and GloBee.

Regardless of whether or not any significant portion of revenue will be received through Monero, the simple fact of spreading into a mainstream phenomenon brings it an immeasurable amount of value.

Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

Share
Published by
Abhimanyu Krishnan

Recent Posts

Is A Silicon City Tech Giant Behind BlockDAG Network As Its $11.4M Presale Outcasts Floki Inu Price Surge Amid BOME Fluctuation

With Floki Inu's next bull run approaching, investors are closely monitoring its innovative token burn…

8 months ago

BlockDAG Becomes Top Crypto Investment Choice with $9.9M Presale, Beating Fantom & Apecoin

BlockDAG (BDAG) has continued to stand out with its innovative presale strategy, offering early investors…

8 months ago

Render and Dogecoin Price Predictions Defy Expectations As BlockDAG Emerges as the Highest ROI Crypto for 2024

As we venture into 2024, the crypto market is brimming with potential for unprecedented growth.…

8 months ago

Solana’s 20% Trading Spike Sparks BlockDAG Presale Interest While Memeinator Presale Reaches Edge

This analysis contrasts the flourishing momentum of BlockDAG coin's presale against the backdrop of the…

8 months ago

CryptoGames Review: Bitcoin and Altcoin Casino

Ever wondered what it is like to experience the extravagant casino vibes in the comfort…

3 years ago