XTREME PS
  • Facebook
  • Feedburner
  • Flickr
  • Twitter
  • YouTube
  • RSS
  • Home
  • Features
    • PlayStation Store
    • PS5 Firmware
    • PS4 Firmware
    • PS3 Firmware
    • Guides & Tutorials
  • Firmware History
    • PS5 Firmware History
    • PlayStation Portal Firmware History
    • PS4 Firmware History
    • PS3 Firmware History
    • PSP Firmware History
  • Downloads
    • Adult Material
    • Homebrew
    • Magazines
    • Software
    • Videos
    • XMB Themes
    • XMB Wallpaper
    • Other
  • Guides & Trophies
    • PS5 FAQs
    • PS Portal FAQs
    • PS4 FAQs
    • PS3 FAQs
    • PSP FAQs
    • PSPgo FAQs
    • Guides & Tutorials
    • PS4 Trophies
    • PS3 Trophy Lists & Guides
  • Contact
    • Submit Articles
  • About Us
    • XP Reward Scheme
    • Privacy Policy
Search the site...
  • Home
  • Impressions
  • Could cryptocurrency be used as a payment method on digital marketplaces?

Could cryptocurrency be used as a payment method on digital marketplaces?

May 16th, 2019 / Niraj Shah / Impressions
0

We all know about digital cryptocurrencies such as Bitcoin now. These are fast becoming a way that many people around the globe are paying for goods or items. This has extended into all areas of society and even into gaming kasyno online polskie. However, it has not all been clear sailing and this has led many to wonder if these cryptocurrencies will be commonly used in the future on digital marketplaces, like the PlayStation Store.

Steam led the way… for a while

Steam is a huge online game distribution platform for PC players. It allows them to download games and then play them online via their PC. It was one big company that used to allow cryptocurrency payments but, as of December 2017, does not. The reason behind its decision lay in the volatility and high fees Bitcoin brought to their business. They confirmed at the time that this may be something that is reversed in the future if Bitcoin and digital currencies become more stable. As cryptocurrencies become more mainstream and hopefully less volatile, then this could well be the case.

Will other digital marketplaces enable Bitcoin payments?

Of course, for all PS3 players, the major question is whether the PlayStation Store may look at letting you use Bitcoin or digital currency to pay for downloads in the future. While this is not possible yet, news from late 2018 suggests it may happen at some point. Reports confirmed that Sony have started to look at developing their own cryptocurrency wallet for use with its range of products. It is assumed this would be available to PS3 players on the PlayStation Store and Network when ready, thus enabling them to spend the cryptocurrency contained in the new Sony crypto wallet.

What else can Bitcoin be used for?

It is not just video gaming on the PS3 that digital currencies like Bitcoin could be useful for. Already the online gambling sector has incorporated it as a way to fund your account and play the games there. There are even dedicated Bitcoin casinos where you can play the newest casino games with Bitcoin now! Alongside online gambling, cryptocurrency and the blockchain technology underpinning it is something that business is starting to look into adopting. This is especially true in the financial sector where the security, transparency and transaction speed of cryptocurrency makes it valuable.

Bitcoin could be a way we all pay in the future

Of course, when thinking about digital marketplaces and digital currency, you may start to see it at the big names like Amazon soon as well. If these huge online marketplaces and other similar auction sites make Bitcoin an acceptable way to pay then it could really help it become more commonplace. This will depend a lot on customer demand, so it could be something we see in the future.

Cryptocurrency could be seen in video gaming

As shown above, Sony may well be on the way to accepting Bitcoin payments via its networks with the development of a custom cryptocurrency wallet. If this does come into effect, then it could have a big impact on all PS3 gamers and how they pay for downloads on the PlayStation Store.

Business photo created by freepik – www.freepik.com

Opinion, PlayStation Store, PS3

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

PSN Profile

Like us on Facebook

PSN Status

PSN Network Status
Powered by XTREME PS3

© 2005-2025 XTREME PS - A WebNiraj Production
  • Home
  • News
  • PS3 Firmware History
  • PS4 Firmware History
  • PS5 Firmware History
  • About Us
  • Contact
  • Privacy Policy
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy