Key Takeaways -
- Roblox officially denies accepting XRP for in-game purchases, contradicting a now-deleted BitPay tweet.
- Despite a net loss, Roblox sees a 19% increase in unique monthly payers, averaging 13.5 million.
- Xsolla, initially rumored to partner with Roblox for XRP payments, has a history of crypto integrations.
In an era where cryptocurrency is inching closer to mainstream adoption, rumors can easily stir the pot. Recently, Roblox, a giant in the online gaming arena, found itself embroiled in such a rumor. The buzz was that it was accepting XRP for in-game purchases. This article aims to clarify the situation.
Roblox has definitively put to rest speculations about incorporating XRP as a payment option for its in-game currency, Robux. This update follows a tweet from BitPay, a key influencer in the crypto payment sector, which has since been removed.
Who's Behind the Screen
Roblox isn't merely a game; it's a robust platform that empowers users to both create and engage in games. Boasting an impressive 65.5 million daily active users, it's a dominant player in the gaming world. Notably, nearly half of these users—44% to be exact—are younger than 13. The platform is highly accessible and compatible with Windows, macOS, Android, iOS, Xbox, and PlayStation.
Roblox by the Numbers
The financial metrics from Roblox Corporation are enlightening. The firm disclosed a Q2 revenue of $680.8 million, showing a 15% YoY growth. In-game purchases, a critical revenue driver, escalated to $780.7 million, marking a 22% YoY increase. However, the company did register a net loss of $282.8 million.
The Growing Trend
Despite the net loss, Roblox has seen a surge in unique monthly payers. The figure has risen by 19% from the previous year and now averages 13.5 million.
Xsolla's Crypto Journey: More than Just a Rumor
Xsolla, initially thought to be Roblox's partner for XRP payments, has a track record in the crypto arena. They've teamed up with Coinchange Financial and TradeZing in the past to develop a payment system using non-fungible tokens (NFTs). They also recently incorporated Crypto.com's checkout feature into their platform.
Xsolla and BitPay: A Partnership History
The collaboration between Xsolla and BitPay has a history dating back to 2014, initially focusing on Bitcoin payments. The partnership evolved in September 2023 to also encompass PayPal USD transactions for both vendors and end-users.