Sofiko is a freelance fintech copywriter at Coinspeaker. With a Bachelor degree in International Business and Economics, Sofiko has been deepening her knowledge of an agile innovative industry primary focusing on the robust blockchain technology and cryptocurrencies. As a bank employee, Sofiko particularly keens on crypto and blockchain integration into the established banking systems.
For the first time in the history of digital assets, MGO is going to witness massive adoption by 500,000,000+ users of Xsolla, the world’s leading payment processor conceived specially for gaming.
From the very beginning an evolutionary path of digital coins was deeply entwined with the gaming industry as the only realm of virtual reality that develops as fast as the blockchain does and therefore it is compatible with almost every novelty brought in up by the cutting-edge technology.
Nowadays, online gaming is a widespread “disease” that counts billions of dollar pumped into the industry by passionate players worldwide. Clearly such an extensive industry requires a reliable and stable payment system that would be able to support users from different locations equally effective.
Blockchain Solution for Gaming
The blockchain technology along with underlying digital currencies is a long-awaited solution. Being indifferent to location and time, altcoins are able to deliver 24h services to their holders, not to mention an advanced level of transparency and speed poised to the blockchain network.
On the other hand, for alternative coins that continuously struggle for mainstream adoption, a wide audience of the gaming industry offers a lifeboat. Lucky MGO becomes the first-ever altcoin to be accepted on Xsolla, one of the world’s largest payment processors, which onboarded more than 500 million of users.
MGO Tokens to Enhance Xsolla’s Payment Offerings
Together with a high density of Xsolla’s network, this collaboration marks a new revolutionary chapter in the token’s history that endows it with a strong potential of becoming the most adopted alternative coin in the world.
With Xsolla’s current roster of a whopping 500+ games that accept MGO, hundreds of millions of gamers will get immediate access to this extensive array of choices, as they use their tokens to both pay and play. Xsolla’s tools and services operate in over 200 countries and territories, more than 20 languages, and 130 currencies. It is the only end-to-end product suite focusing solely on the game development community worldwide.
The other great news is that Xsolla now provides game developers the way to get royalties in MGO, which will boost the business of game developers in an incredible way by allowing them to pay marketing and other expenses much sooner.
Instead of waiting for weeks or even months while using conventional methods of payment, game developers may now get paid in just 60 hours, with payment requests being processed three times a week. In our rapidly moving world, this is an invaluable time-saver. Watch the video to see how it works.
What’s Xsolla Network about?
Xsolla gives video game developers, publishers, and platform partners access to the flexible tools, services, and collaboration needed to launch, monetize, and scale their games and products globally.
Serving only the video game industry, the Xsolla product suite caters to businesses from indie to enterprise, including Pay Station and its #1 Anti-fraud solution, Partner Network, Site Builder, Store, Login, and Launcher. Headquartered in Los Angeles, with offices worldwide, Xsolla operates as a merchant and seller of record for major gaming entities like Valve, Twitch, Ubisoft, Epic Games, and PUBG Corporation.
MGO Token Profile
MGO is an Ethereum based ERC223 smart token created to foster a new era in the gaming industry. Its ultimate goal is to become a universal currency for 2.6 billion gamers worldwide, and help both large and small game developers to grow their business as well as to provide gamers with benefits of smart contracts and transparency.
This new collaboration is expected to accelerate the wide adoption of decentralized cryptocurrencies as a better alternative to fiats, and gives MGO a necessary boost to expansion among millions of gamers all over the globe.