G2G, one of the world’s leading digital marketplaces, has partnered with TripleA, to enable their customers to make purchases on their website with cryptocurrency.
This partnership comes as a response to the growing demand for crypto payments within the gaming industry and will allow G2G’s 2.7 million users to shop for in-game items and services, as well as various digital goods using Bitcoin, Tether, and Ethereum.
G2G has supported more than 200 payment options across the globe prior to the partnership:
- Credit card
- E-wallet
- Online banking
- Bank transfer / ATM / CDM
- Bill payment online / ATM
- Over the counter (non-bank)
- Mobile payment
- Store Credit / Gift Card
TripleA is a global crypto payments company licensed by the Singapore Central Bank. TripleA is also one of the 5 fintech startups selected to take part in the Visa Accelerator Program, designed to take commercially successful fintech startups to the next level.
According to TripleA’s report, the crypto gaming industry had market revenue of US$321 million in 2020 with around 41.9 million gamers owning crypto. According to Newswagg’s research, 38% of them are Millennials aged between 21-38 years old, and they are the biggest age group.
Gamers are also much more likely to own crypto as compared to others— 55% of the Millennials gamers own crypto as compared to just 5% of all Millennials.
There’s an immense potential for crypto to be more involved in the gaming industry. Among gamers who own crypto, 80% of them are interested in using cryptocurrency for gaming purchases, and 67% hope there are more opportunities for using cryptocurrency in gaming.
Speaking on the development, CEO of G2G – Ken Chee said:
“We are excited to collaborate with TripleA to offer cryptocurrency as one of the payment methods on the website and make the most out of the technology to provide a better and inclusive marketplace.”
This was corroborated by Eric Barbier, the CEO and Founder of TripleA. He said TripleA has seen more demand from businesses to enable crypto payments. Additionally, he mentioned the many advantages that cryptocurrencies can offer the platform, such as instantaneous processing, which makes it easier for buyers and sellers on G2G to get access to their money.
“Gaming is not only one of the fastest-growing industries worldwide, but it is also one of the most supportive and savvy communities when it comes to cryptocurrency adoption. We are thrilled to partner with G2G to enable their valued and fast-growing customer base to buy and sell digital goods with crypto.” Eric Barbier, CEO of TripleA, says.
About TripleA
TripleA helps businesses increase their revenue by enabling crypto payments and payouts, giving them access to the spending power of the fast-growing 300m+ cryptocurrency users.
With its white-label, easy setup, instant confirmation, locked-in exchange rate, real-time fiat conversion, and no chargeback crypto payment solution, TripleA meets the needs of all businesses. This includes e-commerce merchants, retailers, game providers, PSPs, fintech, marketplaces and tech companies.
The company is licensed by MAS, the Monetary Authority of Singapore (Singapore’s Central Bank), allowing partners to operate in a fully compliant and regulated environment. To learn more, visit https://triple-a.io/.
About G2G
G2G provides competitive pricing to the buyers driven by a free market economy while striving to keep the cost low for our sellers. Payment Methods. To learn more, visit https://www.g2g.com/
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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