The Fortnite store now allows players to buy merchandise with cryptocurrency. To many people’s surprise, it’s not Bitcoin but Monero (XMR). At the moment, Bitcoin payments are not accepted because of growing privacy concerns.
There is not a public announcement shared from Fortnite yet. The reddit post which announced Monero is now accepted in the Fortnite store however, was met very positively. Monero users say this is a positive development for all cryptocurrencies. If the most popular game in the world with more than 200 registered users is leaning towards crypto adoption, the rest will have no choice but to adapt and follow.
Fortnite is indeed incredibly popular. The Fortnite store’s currency “V-bucks”, was preferred by American teenagers over both cash and gift cards. Riccardo Spagni also shared the excitement by tweeting:
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Too cool: the Fortnite merch store (https://t.co/KNL4IFCFHk) lets you pay in Monero, so now you can purchase that sweet Durrr Burger onesie without your friends / family / coworkers judging you. https://t.co/XYs1NjGvGp
— Riccardo Spagni (@fluffypony) January 1, 2019
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This of course lead to many twitter users asking questions about Bitcoin. Most people were wondering why the largest and well-known cryptocurrency was not accepted. Spagni was quick to tweet out:
Lack of privacy, but they’re considering LN because it restores *some* privacy to Bitcoin.
— Riccardo Spagni (@fluffypony) January 1, 2019
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The project lead for Monero, quickly explained that the Fortnite store made its decision due to the lack of privacy. There are however, currently ongoing debates on whether or not to use Lightning Network as it restores “some” privacy to Bitcoin.
Spagni shared that Fortnite is also very interested in Lightning Network. He also said that Monero is doing their best to assure them to add it to the list. At the moment, only Monero is enabled despite the number of options at their disposal.
The Fortnite Store has done well to watch out for scandals with privacy
There is no doubt with the recent developments involving social media giants like Facebook, that privacy has become a huge priority. After many reports of user data being stolen/sold by Facebook users and developers are now very careful on how they deal with issues regarding privacy.
This shouldn’t come as a surprise. Facebook and other social media giants were revealed to sell users’ personal data for years and people are right to be outraged. This is why cryptocurrencies like Monero and Zcash are highly preferred among regular crypto users. The high level of anonymity for both users and their transactions is something very important in today’s day and age.
Of course Big Brother is already on the case as last month, the US Department of Homeland Security announced the development of a monitoring framework which will be used to track both Zcash and Monero transactions. This will be done by a blockchain-based forensic analytics program.
According to the United States government, the move is done in order to ensure cryptocurrencies are not used as money-laundering, tax evasion and terrorist funding.
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The post Fortnite Store Now Allows Players to Use Monero appeared first on CoinStaker | Bitcoin News.