American video game merchandise retailer GameStop gained fame and popularity in investor circles for uniting retail traders against the Wall Street professionals in January 2021, and winning. Since then, the game retailer has added several cryptocurrencies to its list of supported payment options.
Shoppers can now pay for merchandise at GameStop using Dogecoin (DOGE), Shiba Inu (SHIB), Axie Infinity Shard (AXS), Smooth Love Potion (SLP), and Decentraland (MANA).
Flexa Network Behind the New Additions
The new additions of Dogecoin and Shiba Inu to Gamestop is thanks to the firm’s integration of Gemini-backed digital payment platform, Flexa.
Flexa, which is partnered with Gemini, one of the leading US-based cryptocurrency exchanges, back in 2019, recently announced the addition of Shiba Inu, amongst others, to its list of accepted cryptocurrencies.
Flexa recently confirmed that GameStop has been renewed as a supported merchant. This means that through Flexa’s ‘SPEDN’ application users can now pay with SHIB, and DOGE across all of its merchants, including GameStop.
On Thursday, December 16th, Flexa announced that it had added support for popular metaverse tokens, including Axie Infinity Shard (AXS), The Sandbox (SAND), Smooth Love Potion (SLP), and Decentraland (MANA), all of which can subsequently be used to purchase games and gadgets at GameStop.
On the Flipside
- Flexa acts as an intermediary between merchants and crypto owners, meaning that merchants still get paid in dollars, not crypto.
Why You Should Care
As the crypto industry pushes for mainstream adoption, more cases will arise of retailers and corporations making it possible to make purchases using crypto.