Fortnite's Newly Launched Merch Store ‘Exclusively’ Accepts Monero

Epic Games, the company behind the popular Fortnite online video game, has recently launched a merchandise store for it that accepts cryptocurrency payments, but only in the privacy-centric cryptocurrency Monero (XMR).

Called Retail Row, the merchandise store lets some of the game’s over 125 million fans purchase things related to it and its seasons. Accepted payments methods include major credit cards, PayPal, Google Pay, and Monero.

Cryptocurrency payments are processed by a service called GloBee, which lets retailers accept various major cryptocurrencies, including bitcoin, litecoin, XRP, Ethereum, Dogecoin, and XMR. Responding to questions on social media Moneros lead maintainer, Riccardo ‘fluffypony’ Spagni, noted that to pay with XMR users have to go through regular checkout.

When asked why Fortnite’s merchandise store isn’t accepting bitcoin, the flagship cryptocurrency, Spagni revealed it’s because of BTC’s “lack of privacy,” although Epic Games appears to be interested in the crypto’s layer-two scaling solution because it “restores *some* privacy.”

Notably bitcoin’s lightning network has grown tremendously last year. Back in November it hit a 180 BTC capacity, which at the time was of around $1 million. By the end of the year, its capacity was already above the 500 BTC mark.

While it appears to be inconsistent to accept credit cards and not BTC because of privacy concerns, Spagni noted that XMR is there as an option for privacy-centric users, and that a “tamper resistant” option isn’t a concern.

Notably given Fortnite’s popularity Epic Games has been valued at over $15 billion in its latest funding round. As CryptoGlobe covered hackers have hidden malware in cheats for the popular game, in an attempt to steal users’ bitcoin. The malware was being spread through the promise of “free” season passes, wallhacks, and aimbots.

Last year, teenagers in the United States revealed that, as a gift, they would like to receive cryptocurrencies and Fortnite’s in-game currency “V-Bucks” according to the Holiday 2018 consumer report, released by investment bank and asset management firm Piper Jaffray.

XMR is a somewhat controversial cryptocurrency, that rose to prominence after the now-defunct darknet market AlphaBay started accepting it as a payment method. Since it’s privacy-centric and easy to mine with CPUs and GPUs, reports have suggested cybercriminals are moving from ransomware to crypto mining malware to mine XMR.

Bitcoin Whale Reportedly Risks 800 BTC for $0.01 Payout in Dogecoin

A bitcoin whale has supposedly risked a total of 800 BTC, worth around $5.8 million, to help the cryptocurrency remain at the $7,200 mark in a bid to win a bet he made on social media.

A Twitter exchange between Dogecoin supporter Samu and bitcoin whale Joe007 shows that both agreed to bet on bitcoin’s future price, with Samu agreeing to pay 5 million DOGE (around $11,000) to the whale if BTC traded above $7,100, and the whale agreeing to pay Samu the same amount if it was below $7,100 at 13:00 UTC on December 12.

The BTC whale ended up winning the bet as the price of the flagship cryptocurrency didn’t drop below the agreed-upon mark. Some of those watching the thread, however, noted that something seemed to be going on before the bet’s deadline expired.

The bet was made according to the price of the Bitfinex cryptocurrency exchange, and a trader soon alleged on social media the BTC whale could’ve placed an 800 bitcoin order to “defend” the $7,200 so the cryptocurrency’s price wouldn’t dip.

While it isn’t possible to tell whether Joe007 was the one behind the 800 BTC order, the whale seemed to warn Samu before the bet was made that he was extremely confident he was going to win, tweeting out “you really don’t want to make this bet, believe me…”

After the deadline the posts suggesting market manipulation came out so Samu said he “got revenge” on the bitcoin whale cheating, by offering to pay him only 6 DOGE, currently worth about $0.013.

The Dogecoin addresses Joe007 showed as the destination for the funds currently has little over 10,000 DOGE in it, worth close to $22. Some argued Samu should have paid the funds as no terms were defined in the bet, while others agreed with him.

Featured image via Unsplash.