Earlier this year, Twitch, which is owned by Amazon and popular for video game streaming, quietly removed the option for users to pay with Bitcoin.
From Blockonomi’s glance In the list of payment methods in the Twitch subscription menu, you won't find BitPay or any direct Bitcoin payment options, although Twitch had previously adopted these during a significant Bitcoin rally. Coinbase As quickly as it was removed, the ability to pay with Bitcoin seems to have made a comeback on Twitch's platform.
Twitch Supports Bitcoin… Again
First spotted A member of the 'Cryptocurrency' subreddit reports that Twitch has re-enabled the use of Bitcoin and Bitcoin Cash, thanks to the integration with BitPay, a major Atlanta-based player in cryptocurrency payments.
Users on Twitch.tv can once again use Bitcoin and Bitcoin Cash as payment options.
by u/NotYourMothersDildo in CryptoCurrency
This discovery was made by a Twitch user in Canada, and since Twitch hasn't released an official statement, it's uncertain if this payment method is globally accessible.
The unexpected embrace of Bitcoin and its counterpart, Bitcoin Cash, by Twitch might be influenced by a new partnership deal. Flexa unveiled Spedn .
Playing on the 'HODL' meme, Spedn is a platform that lets users spend their digital assets at major retailers like Nordstrom and Amazon-owned Whole Foods.
Read: How Flexa and Spedn are reshaping the way cryptocurrencies are used in retail transactions.
Given that Whole Foods shares a corporate umbrella with Twitch, reintroducing Bitcoin payments was likely a no-brainer. Nevertheless, crypto advocates are optimistic that Amazon will also adopt Bitcoin on its platform eventually.
Beyond hopeful speculation, Twitch’s move marks another step in making crypto common currency, mirrored by other companies adopting Bitcoin.
Recently, companies like the tech-savvy Avnet, privacy-focused Tor, and telecom heavyweight AT&T have followed suit in accepting Bitcoin.
According to prominent analyst Willy Woo, embracing Bitcoin could serve as a positive push for growth, citing exposure as a key benefit.
\"The debate over using BTC continues, but essentially, the marketing appeal it adds is invaluable,\" claims Woo.
The burgeoning trend of blockchain gaming hints at a merging of digital games and crypto currencies.
Twitch's support for Bitcoin highlights the merging interest between gamers and cryptocurrency audiences. Reportedly, Ubisoft, a major player in gaming with titles like Rainbow Six and Far Cry, has formed a dedicated team looking into blockchain for gaming uses. This team aims to make in-game items like cosmetics and weapons tradable through blockchain, potentially enabling seamless transfers between games.recent report It seems Ubisoft plans to use the Ethereum blockchain for this venture, although it's uncertain if the current network structure can handle their extensive user base.
Following the cryptocurrency scene since 2013, my insights have appeared in top industry publications. When I’m not reporting, I’m part of HTC’s EXODUS division, and I hold a modest bitcoin stash. Reach me at [email protected].
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