-BitPay, the world’s largest world’s largest provider of Bitcoin and cryptocurrency payment services, today announced Blocklete Games – Turner Sports’ innovative sports videogaming experience built on blockchain – is accepting cryptocurrency as a form of payment. Blocklete Games’ Blocklete Golf is the first blockchain based digital golf game and is built on the Ethereum network enabling players to buy and sell digital golfers, play in tournaments and win real money. Players collect, train, trade and compete with unique digital athletes called “Blockletes” to earn cash prizes and bragging rights.
“BitPay continues to see strong demand from leading online game makers to accept cryptocurrency as a fast, secure and modern method of payment,” said Bill Zielke, Chief Marketing Officer with BitPay. “We believe Blocklete Golf will have strong appeal to the cryptocurrency community and see Turner Sports’ introduction of Blocklete Games as a bold and innovative move embracing new era technology.”
BitPay will enable users to make payments using Bitcoin, Bitcoin Cash, XRP and ETH, as well as four dollar-pegged stablecoins, USDC, GUSD, PAX and BUSD for Blocklete Golf. The addition of cryptocurrency as an alternative to traditional payment methods will attract new buyers who prefer to pay using cryptocurrency, reduce high credit card fees and nearly eliminate fraud chargebacks.
“With Blocklete Games, we see a transformational opportunity to give fans more control over the videogaming experience by reversing the conventional power dynamic between player and publisher,” said Yang Adija, Vice President, Business Operations and Strategy, Turner Sports. “Our service leverages the blockchain such that anyone can play personalized sports games with their friends, with the potential to own the value created by the effort they put into their Blocklete digital athlete within the game. BitPay helps broaden the reach of that opportunity, making it accessible to even more players by enabling them to use cryptocurrencies as a payment method.”
The ability to accept cryptocurrency expands Blocklete Games’ reach to markets where accepting credit cards may not be practical. As a push transaction, the user sends the exact amount of cryptocurrency needed to satisfy the purchase amount. This eliminates traditional fraud and identity theft risks associated with credit cards.
BitPay is a pioneer and leader in global blockchain payments. The Company’s suite of products enable businesses to accept cryptocurrency payments globally for ecommerce goods and services or cross border transactions while receiving settlements in fiat currency. Using BitPay, Blocklete Games receives settlement the next business day directly to its bank account in US Dollars. As a result, there is no cryptocurrency price volatility or risk to the company. Unlike the high cost of credit cards, BitPay charges 1% to approve the cryptocurrency transaction and manage settlement. BitPay enables transactions from any computer or mobile device making it convenient for Blocklete Games’ customers.