Fortnite Accepts Monero in Their Shop

Fortnite, Monero, Rumor & Mistake

If you are a gamer, chances are that you have heard of either PUBG or Fortnite. Both are an online cooperative shooter survival game. Epic Games developed Fortnite and released in 2017. It is available in three distinct game mode versions. Fortnite is famous among the gamers, considering it had drawn in more than 125 million players in less than a year.

A few weeks back, Fortnite Retail Row started to accept a privacy-based cryptocurrency, Monero (XMR). This was notified online initially by Ricardo Spagni, on New Year.

Immediately after the tweet from Ricardo, people wondered why Bitcoin was not being used, considering it is the most famous and have the highest market cap. To which Ricardo replied:

Lack of privacy, but they’re considering LN because it restores *some* privacy to Bitcoin.

XMR payments were routed through Globee, a global crypto-friendly payment processor which accepts some major cryptocurrencies.

Though this was considered a big step towards adoption of cryptocurrency in the online video game world, Tim Sweeney, Founder of Epic Games addressed this as a rumour:

No, Epic doesn’t have any cryptocurrency partners and aren’t in any crypto partnership discussions with anyone

We do read lots of papers and talk to smart people to learn more in anticipation of an eventual intercept.

Many of us at Epic are big fans of the decentralized computing tech underlying cryptocurrency, however a lot more work is needed on volatility and fraud-proofing before bringing it to such a broad audience that includes younger gamers.

Thus, even though in the future Epic Games might adopt cryptocurrency payments or may convert their in-game currency V-Bucks into a crypto token, for now, they are cautious while being open to the idea. And finally to clear the doubt, he stated:

Actually, Fortnite’s brief foray into crypto was accidental. We worked with a partner to open a merchandise store, and somewhere along the way monero payment was enabled.

For now, Monero has been removed from the store to be used as a payment method.

What do you think? Will Epic Games and other Gaming Corporation start to accept cryptocurrencies beginning this year? Share your thoughts on this in the comment section!

Published by Shebin John

An engineer by Profession, Marketer by Choice and Investor by Passion. Computer Science Engineer who loves to spend time learning new things, technologies, and frameworks.