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GameStop Users to Buy ETH using Fiat Following Ramp Integration

GameStop Users to Buy ETH using Fiat Following Ramp Integration

GameStop users can now purchase ETH from the platform’s non-custodial wallet following partnership with Ramp.
Dalmas

June 22, 2022

Introduction​

Ramp, a company that makes crypto accessible to everyone, has partnered with GameStop, and will be integrated into the gaming provider’s wallet.

Following this deal, users will, on the fly, purchase ETH using fiat straight on the recently released GameStop’s non-custodial wallet without leaving their easy-to-use interface.

Benefits to GameStop Users

This collaboration will drive more people to GameStop, considering the convenience this integration brings to the table. It is a development that will be massive for GameStop in building its client base while also remaining compliant with laid-down rules.

According to Greg McEwan, the head of marketing at Ramp, this deal makes access to NFTs even easier.

In his own words:

The benefits of NFTs for gamers – decentralized data, better security, and ownership – are only being explored. And yet, accessing the token-based economy remains complex and confusing. Ramp is integrated by some of the world’s leading NFT-based games to bring the same level of user experience gamers are used to, to the blockchain.

GameStop Continuous Innovation

GameStop’s continuous innovation and decision to open up to exciting NFT features have propelled the public company’s global profile.

In May, they launched a non-custodial layer-2 wallet on Loopring that’s available for download on Chrome. Besides being secure, the wallet allows users to store various digital assets and NFTs.

The partnership with Ramp, coupled with GameStop’s non-custodial wallet, makes it incredibly easier for users to purchase ETH using fiat while receiving guarantees that their assets are secure.

The Crypto Winter is Suppressing NFT Demand

In the current crypto winter, asset prices remain suppressed, and investors are tightening to cushion themselves. Subsequently, like the DeFi and crypto markets, NFTs trading volumes are under pressure.

Currently, statistics show that the total trading volumes at leading Ethereum-based marketplaces like OpenSea have been on a downtrend in the past few months.

Still, GameStop fans are optimistic about what lies ahead. Specifically, the portal’s plan to launch an NFT marketplace in partnership with Immutable X will be a game-changer.

Encouragingly, analysts maintain that this will be bullish for NFTs. Specifically, this marketplace might help revive NFT demand and would significantly propel LRC, the native token of Loopring.

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Dalmas

Dalmas is an active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies.

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