GameCredits, a cryptographic payments platform for gamers and game developers is set to integrate digital currencies including its own altcoin called GMC in three video games, one of which was released on September 2.
“GameCredits is the first free open source gaming currency made by gamers for gamers and game developers,” explained the GameCredits team. The company believes that the integration of cryptocurrencies in video games could help increase digital currency adoption, and spur mainstream adoption for many alt-coins.
“We at GameCredits are breaching this chasm and are baldly exploring those uncharted waters – all in the name of providing crypto currencies the mainstream adoption they deserve,” GameCredits Monetization Expert Silvio Gucek explained.
The video game industry is one of the few markets that could benefit greatly from the block chain’s ability to send out micro transactions, or small transactions worth less than a dollar.
The market cap of the currency (GMC) that GameCredits will integrate in its games is currently US$1,574,294, which is substantially smaller than most alt coins in existence. However, the company believes GMC is the right fit for its games, as it has a max number of GMC that will ever exist, like bitcoin.
The first game to adopt the company’s currency is TurboCharged, a hybrid racing game which enables users to bet GMC for races and missions.
“As we launch our initial venture, I expect Turbocharged to act as a catalyst for innovation in this field. TurboCharged permits us to properly vet our betting system and in-game transaction platform, which shall be implemented at a much larger scale in our upcoming game ‘EON,’ currently in development,” announced GameCredits Project Manager Victor Alejandro.