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PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

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Nexon America Accepts Cryptocurrencies For Purchase Of In-Game Items

by Rainier on Dec. 14, 2021 @ 8:54 a.m. PST

Nexon America announced a new feature in Nexon’s online Virtual Worlds that will allow players to purchase in-game items with cryptocurrencies as well as dollars.

The feature will allow players to use Ethereum, Dogecoin, bitcoin and other cryptocurrencies to purchase items in many Nexon franchises including MapleStory, KartRider, Mabinogi, Vindictus, V4 and many more.

Player wallets and transactions will be managed by BitPay, an established cryptocurrency service provider offering seamless solutions with an easy-to-understand user interface. Players can purchase items at values set by Nexon and choose from multiple forms of payment including US dollars and cryptocurrencies.

  • Cryptocurrency valuations are set by BitPay.
  • Caps on player expenditures are set by Nexon and apply to all forms of currency.
  • Eligible cryptocurrencies include Ethereum, Dogecoin, Bitcoin, Bitcoin Cash, Wrapped BTC, Binance USD, Dai, Gemini Dollar, Litecoin, Paxos Standard and USD Coin.
  • Effective immediately, Nexon will begin accepting cryptocurrency for in-game transactions.

“Although Nexon America’s decision to accept cryptocurrency payments is unrelated to the bitcoin holdings of NEXON Co., Ltd., this feature reflects the sophistication of our players and their comfort with non-fiat currencies,” said Owen Mahoney, President and CEO of NEXON Co., Ltd.

“Nexon listens closely to feedback from our players, including the many who have requested we include cryptocurrencies as a form of in-game payment,” said Nexon America General Manager Kenny Chang. “Effective immediately we are pleased to offer this innovative payment feature for our players.”

“BitPay sees the massive audience of online game players as pioneers in living life on crypto,” said Stephen Pair, CEO of BitPay. “Our agreement with Nexon America to manage crypto payments for in-game items will deliver a great experience for players.”

This feature is not related to the bitcoin holdings of NEXON Co., Ltd., which are held as one of the company’s multiple currencies and as a hedge against debasement of fiat currency. Nexon will not acquire or hold cryptocurrencies related to this initiative.

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