Gaming Marketplace G2A Enables Bitcoin Payment In India

Gaming Marketplace G2A Enables Bitcoin Payment In India

G2A’s Indian Users Will Now Have 13 Different Types Of Payment Modes At ‘G2A Pay’ Wallet

Amid rising Bitcoin fever among tech enthusiasts, Hong Kong-based online gaming marketplace G2A (.com) has finally listed Bitcoin payments option for its Indian customers. The Bitcoin payments will be integrated into the G2A payment gateway ‘G2A Pay’ and with this integration, G2A’s Indian customers will have 13 different types of payment modes at ‘G2A Pay’ wallet.

In 2015, the gaming marketplace had partnered with the US-based Bitcoin payment portal BitPay to enable its customers to buy and sell in Bitcoins. However, the Bitcoin payment options were not available for Indian customers at the time.

Founded by Bartosz Skwarczek and Dawid Rożek in 2010, G2A (formerly known as Go2Arena) is a key code enabler for platforms such as Steam, GOG, Uplay, Origin and Xbox. The online marketplace claims to have over 12 Mn users, 260K sellers and 45K products across the globe.

Commenting on the same, Piyush Kankane, Official Spokesperson, G2A India said, “Tie up for Bitcoin as payment mode is another milestone and we will ensure each aspect of payment to provide at our platform customer ease. It is an honest approach to cater our target audience and gel with the latest technology to serve better and faster than others.”

The Bitcoin payment option will now be available over all products for all its customers. Bitcoin as a payment method will encourage merchants to ensure transaction from anyone, anywhere in the world at a low cost, fast and with no chargeback risk. To localise the payment transactions, G2A has been aggressively promoting G2A Pay as a solution to “Sell Globally- Pay Locally.”

BitPay as a Bitcoin payment gateway is currently used by companies such as Microsoft, Adyen and Neteller. The world’s costliest currency has reached a new height of $17K. Thus accepting Bitcoins against its key codes and products will be a profitable move for G2A. However, the skyrocketing price of Bitcoins has made the cryptocurrency, more like an asset, discouraging its currency uses. Leading stock exchanges across the world like Nasdaq, CME and CboE have come forward introducing Bitcoin futures at their platforms. In the past, the gaming marketplace G2A has also been widely criticised for providing a platform for selling activation codes that may or may not be legitimate.

Author

Suprita Anupam

Inc42 Staff
An Electronics Engineer turned Business Journalist | Blogger | Avid Reader. Previously associated with Network18, Mudra Communications and Clean India Journal, he has been writing on a variety of issues that include cryptocurrency, policy-related matters, blockchain, investments-destination, technology and other startup related matters.
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