In January 2019, Monero (XMR) made the Big Bang announcement that it will be tying up with the Xbox gaming team. It will become the first official cryptocurrency for the fortnite game. Fortnite has millions of followers all over the world. It has millions of players playing the game daily. That is why it was expected to be pretty big for Monero. Finally, it was stepping into the gaming industry. Let us now understand how it has fared since then.
Is Monero’s gaming push paying off?
Monero (XMR) is being used by fortnite followers and players to purchase a variety of items in the game itself. It clearly indicates that Monero might gain more traction in the gaming industry. Since it is anonymous and fungible, there is simply no way to track those transactions. It is one of the main reasons why the applications of Monero (XMR) are much further than just in the fortnite game. It can appeal to gamers since it provides entirely anonymous transactions.
It is already working in various industries to increase its partnerships. Another tie-up was with Trippki hotels. The hotel company will now allow its guests to pay using Monero (XMR). It will mean that the guests can pay in an anonymous transaction medium which certainly provides them with an incentive to use Monero.
With the increasing circulation of Monero (XMR), all the bets for Monero (XMR) are paying off cumulatively. It is yet to be seen whether it can expand its footprint into the gaming industry further or not. For now, however, its partnership with fortnite is certainly going strong.