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Topic: Large gaming platform does not allow Bitcoin payment - Not regulated by law (Read 1321 times)

legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
They have a international development team from different countries, Israel / Ukraine / USA - Michigan / Russia and this makes things a bit more complex. I know Russia have been making waves lately with the banning of Bitcoin, but it's not official and they have been kicking the ball around with this issue.

If only one of these countries have a ban in place, all other countries involved with the development will automatically be against this move to adopt Bitcoin. It is a pity, because their games have huge potential to add Bitcoin payments. The saving in fees for the users, will make it worth it for these people to shift from other payment options.
legendary
Activity: 1344
Merit: 1000
They are just afraid of this revolutionary technology, there's no doubt actually because Bitcoin is so much powerful. We have to change how those peoples think about Bitcoin, I feel quite sad about this tho.

me 3
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
They are just afraid of this revolutionary technology, there's no doubt actually because Bitcoin is so much powerful. We have to change how those peoples think about Bitcoin, I feel quite sad about this tho.
hero member
Activity: 518
Merit: 500
it's not really important, the very large gaming platform already adopted bitcoin and it is called steam, all other platform are obsolete now that steam accept bitcoin

i guess that gog will follow soon
When steam accept bitcoin payment?

http://www.ign.com/articles/2016/04/22/steam-reportedly-going-to-accept-bitcoin

It's need more confirmation from steam, if you heard a new news you need to check again about that's news it's true or false. Many gaming platform is still fixated with government regulations related to manner of payment because they do not want to get caught with illegal activities.
yes i'm agree,other gaming platform will follow steam soon,for accepting bitcoin. i think its has been official that steam acccept bitcoin,we not see stea post in this forum,but people here already purchase game from steam with bitcoin payment,and i several time seen that thread about someone buy that game.
hero member
Activity: 2898
Merit: 529
Leading Crypto Sports Betting & Casino Platform
it's not really important, the very large gaming platform already adopted bitcoin and it is called steam, all other platform are obsolete now that steam accept bitcoin

i guess that gog will follow soon
When steam accept bitcoin payment?

http://www.ign.com/articles/2016/04/22/steam-reportedly-going-to-accept-bitcoin

It's need more confirmation from steam, if you heard a new news you need to check again about that's news it's true or false. Many gaming platform is still fixated with government regulations related to manner of payment because they do not want to get caught with illegal activities.
legendary
Activity: 3248
Merit: 1070
it's not really important, the very large gaming platform already adopted bitcoin and it is called steam, all other platform are obsolete now that steam accept bitcoin

i guess that gog will follow soon
sr. member
Activity: 424
Merit: 250
Legendary est. 2013
is it really regulated in most countries? do you know which countries are these?

My guess is that for sure all countries from Coinbase list (+ few more):

https://www.coinbase.com/global

Interesting is that Germany is not supported by Coinbase..  Roll Eyes
This is unfortunately reality as BaFin, the supervising authority in Germany for financial operations, requires Bitcoinexchanges and businesses trading this currency to obtain an expensive banking license.

As always, here is everything dead-regulated.
legendary
Activity: 1246
Merit: 1049
Looks like they don't want to increase their sales? Bitcoin enthusiasts will be gladly happy if they will accept bitcoin which will result to more players, and more ingame purchases transactions. Every side is good for them, so i bet that they have a valid and strict reason thats why they don't accept it.
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
I wouldn't totally blame them because they do own the game and they do have the right to not accept bitcoin as a form of payment.
The way they reacted however is kinda unprofessional.

I think, we should all petition this service to accept Bitcoin as a payment method and use Steam as an example, to show them that Bitcoin is seen as a legal tender for goods and services. If enough people ask for this option, they might just reconsider their aggressive approach to Bitcoin.
member
Activity: 106
Merit: 10
legendary
Activity: 1288
Merit: 1036
I wouldn't totally blame them because they do own the game and they do have the right to not accept bitcoin as a form of payment.
The way they reacted however is kinda unprofessional.
legendary
Activity: 1218
Merit: 1006
I think they underestimate bitcoin with other payments method which rise everyday or they are quite noob who don't like to search about bitcoin word. But i am sure they will knock the door of bitpay or coinbase to accept bitcoin after few months or year.
hero member
Activity: 602
Merit: 500
Dont worry about this,i am sure in short time they will relize that bitcoin not to be regulated or legality for being good payment method,if they know steam accept bitcoin,they will considering to accept bitcoin too.
sr. member
Activity: 294
Merit: 250
one large gaming platform like this accepts Bitcoin, the rest will follow. This game are ideally suited for Bitcoin, because they sell in-game resources as bundled packages to progress through the game

The small payments required for these online games can eat up a lot credit card/SMS fees. I guess not enought demand from users, but Plarium loosing the most as they must really pay high percentage of incomming credit card and SMS income in form of fees. Less profit for them, but I dont think they would get many Bitcoin payments unless they give their users additional incentive to pay with Bitcoin - but even with discounts when paying with Bitcoin, it would still be win situation for both, users and Plarium.
hero member
Activity: 490
Merit: 520
Well I wouldn't say Plarium is a large gaming platform, but they are somewhat sizeable, so I'll give them that.

As for them banning you about asking about Bitcoin, I'll admit that seems kind of strange, and I'm confused as to why the thought that would be their best choice and course of action. I guess if it was in their ToS it should seem like something you'd be expected to know, but that doesn't warrant a ban in my opinion.
legendary
Activity: 1904
Merit: 1074
why should someone from BitPay or Coinbase care about it?, if this platform dont accept bitcoin yet is "his problem".

btw someone who manage a company "for gamers" should be up to date about all those type of payments, dont accept bitcoin is like dont accept money, they are not very intelligent...

Coinbase and Bitpay should care, because it's another platform where millions of online gaming players will be paying extra fees to them to process their transactions and also fees for other services. If

one large gaming platform like this accepts Bitcoin, the rest will follow. This game are ideally suited for Bitcoin, because they sell in-game resources as bundled packages to progress through the game

quicker. I see they have loads of other payment options listed, so I am acctually surprised by this response. I think they do not understand the way payment works... They do not have to deal with

Bitcoin, because the payment processor convert all Bitcoins for them back to fiat... I agree with you... these guys needs education.  Roll Eyes
hero member
Activity: 1470
Merit: 655
maybe the country that this gaming platform is located at doesn't have bitcoin friendly laws, it can be one of those asian/middle east countries that don't really like bitcoin.
legendary
Activity: 1806
Merit: 1024
It's a bit surprising having a gaming platform operator reacting like this. I was under the impression, that people from this business sector would live a little closer to the frontier of innovation...

Apparently misinformation and threats from government and their mainstream media puppets had some effect. Hopefully these guys will have a chance to learn the truth from a neutral and patient source in the near future, because it might soon become a tangible competitive advantage in the gaming business to accept cryptocurrencies.

However the story is also a potential reminder not to be too "positively aggressive" when talking about Bitcoin, because it might have the opposite effect on those already intoxicated by propaganda.

ya.ya.yo!
legendary
Activity: 2436
Merit: 1561
...
I doubt if this list has anything to do with the regulation of bitcoin in those countries.
coinbase is not the representative of bitcoin it is just another service which is based on US laws (located in San Francisco California) so that might be the reason for such a list and they just offer service to places they see fit.

They do have at least 1 EU registered subsidiary: Coinbase UK Ltd (reg No: 09083955), and by providing services in foreign countries, they're obliged to follow applicable laws (not just US law).
legendary
Activity: 1344
Merit: 1000
sounds like a great way for them to accept instant payments from all over the world
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