Global blockchain payments provider BitPay announced on Tuesday Blocklete Games, Turner Sports’ sports video gaming experience built on blockchain, is now accepting cryptocurrency as a form of payment through the BitPay platform.
BitPay reported that it will enable users to make payments using Bitcoin, Bitcoin Cash, XRP, and ETH, as well as four dollar-pegged stablecoins, USDC, GUSD, PAX, and BUSD for Blocklete Golf. The addition of cryptocurrency as an alternative to traditional payment methods will attract new buyers who prefer to pay using cryptocurrency, reduce high credit card fees, and nearly eliminate fraud chargebacks.
While sharing more details about the service, Yang Adija, Vice President, Business Operations and Strategy, Turner Sports, stated:
“Our service leverages the blockchain such that anyone can play personalized sports games with their friends, with the potential to own the value created by the effort they put into their Blocklete digital athlete within the game. BitPay helps broaden the reach of that opportunity, making it accessible to even more players by enabling them to use cryptocurrencies as a payment method.”
BitPay further revealed that by using its platform, Blocklete Games receives settlement the next business day directly to its bank account in US Dollars. BitPay added:
“As a result, there is no cryptocurrency price volatility or risk to the company. Unlike the high cost of credit cards, BitPay charges 1% to approve the cryptocurrency transaction and manage settlement.”