Swap virtual for virtual.
When it comes to GameStop, everyone's impression may still be that of the game retailer that is on the verge of bankruptcy in the past two years, but has made a lot of waves in the stock market.
Although gameStop's business situation did not improve much in this year, after experiencing personnel changes and high-level organizational reforms, at least it has not yet ushered in the final end of bankruptcy, according to Gamestop's financial report, its revenue in the second quarter of this year even increased by 26% compared with last year's statistics.
Just last week, GameStop announced the addition of Flaxa, which will support the use of multiple cryptocurrencies as a payment method. In today's era of "cryptocurrency" concept, Flexa, as a relatively reliable cryptocurrency payment network, has cooperated with more and more merchants and introduced the function of eliminating exchange procedures and directly using digital currency to pay.
In an official tweet released last week, Flexa announced that it is now possible to purchase games directly in GameStop using a variety of cryptocurrencies including Bitcoin, DOGE, LTC and more.
According to Flexa, any player holding cryptocurrency can buy or book a game directly in the store as long as the GameStop app is downloaded. For example, players can choose to use a single SLP coin worth $0.03071 to book a new game that will be released soon.
GameStop is not the first physical retail store to allow the use of cryptocurrencies, from luxury stores to ordinary cafes, many merchants in foreign countries have joined Flaxa and regardEdecoin, Bitcoin, etc. as acceptable proof of payment.
Starbucks has supported the use of cryptocurrency payments
As we all know, the biggest disadvantage of cryptocurrencies is that the value fluctuates in a short period of time, which is normally difficult to use as a proof of payment, but retailers who join Flexa can still receive US dollars after customers use cryptocurrencies.
As a payment network, Flexa plays a more like a middleman, after a complex process, it will give the retailer the corresponding cash according to the exchange rate, so the merchant does not need to worry about the depreciation of the virtual coin after receiving it.
Although from the official description, this means of payment is feasible, but since you can use conventional currencies, why do you have to add virtual coins? GameStop didn't give a definitive explanation, but Flexa's tweet seemed to reveal a bit of information:
In the tweet announcing GameStop's addition to Flaxa, the first sentence read: "Enter the metaverse." "It seems that if you want to shop and play games in the metaverse world, you must also prepare a currency with metaverse attributes."