Goodgame Studios is one of the leading free-to-play, online games development companies. Today the company announced it was partnering up with BitPay and was now accepting Bitcoin payments. Goodgame Studios will now accept bitcoin for in-app purchases in big titles such as Empire and Big Farm.
Goodgame Studios operates across the web and mobile platforms having already over 270 million registered users worldwide. With a rich talent pool of more than 1200 employees from over 60 nations, Goodgame Studios is the largest German employer in the gaming software industry.
Bitcoin and the benefits that come with it are able to solve many problems and make things much easier for online services, even those who live in places where gambling is illegal are able to use Bitcoin casinos relatively easily without being identified.
Digital currency is also directly integrated with the internet, which makes payment processing extremely simple. An experienced developer could set up a Bitcoin gambling website in just a few days without having to file tax forms, create a corporation, sign banking agreements, or anything like that.
Oleg Savschouk Goodgame’s head of monetization and payment commented:
“Our partnership with BitPay is an important step for us and we are excited to be one of the few gaming companies that offer payments with bitcoins. With BitPay, our players now have access to a new and convenient payment platform. Our focus is always providing our users with the best of entertainment as well as safe and secure payment platforms hence this partnership is in sync with our overall goals.”
Transactions become easier for the gamer, too. Jagex, whose portfolio of online games uses a freemium model for content and cosmetic items, has started using bitcoin. Historically a user would use a credit card or gift card, but with bitcoin payments it could be just as easy as getting a payment address and sending away.
Bitcoin can enable games companies to accept in-app transactions with no transaction fees. Payments are also completely borderless; they can be sent from anywhere in the world, to anywhere in the world, without incurring bank charges or conversion costs, and this is what makes it the perfect financial tool for online gaming.
Other companies that already accept bitcoin in the same industry include Green Man Gaming, Bigfish and Jagex.