Gaming is a $225 billion market, and it’s projected to hit $610 billion by 2032. However, gamers still struggle with the same old challenges, including high fees and a lack of universal in-game payments. Alex Agut is out to change this, and in an interview with CoinGeek Backstage, he discussed how HandCash is unlocking a new gaming economy.
Agut was at the Unbounded Capital Summit in New York, an event that brought together investors, innovators, and thought leaders in the blockchain sector. Agut was one of the speakers, and in his “Ping a Penny” presentation, he demonstrated how easy, fast, and cheap it is to transfer cents across the world with Bitcoin.
“A demo is better than 1,000 videos. You can watch a lot of videos, but when you experience that you can send one cent immediately to someone in Japan, the possibilities are endless,” he told CoinGeek reporter Becky Liggero.
HandCash has evolved to respond to market needs and changing customer preferences over the years. It launched as a Bitcoin wallet, but it has become an all-round ecosystem over time, and now, the focus is on gaming.
Agut says the decision was easy for him and co-founder Rafa Jimenez as ”half our clients have been gaming companies, and we realized that there was a pattern; that they were trying to create this new kind of game economies with digital payments and all that.”
Unlocking a new game economy powered by BSV blockchain
Gaming ecosystems have evolved over the years, and today, most rely on in-game purchases for players to unlock new features. However, even this has evolved and become “more abusive” recently, says Agut.
“The problem is that players who don’t have money have to grind a lot to get some features and level up their characters while others just throw money at the problem. This creates huge disparity…it’s very unfair to people who can’t afford to spend hundreds of thousands of dollars to compete,” he noted.
HandCash is out to change this through its BSV blockchain-powered micropayments, marketplace, and digital identity—the HandCash ID, “which is the most important part of all of this.”
HandCash has introduced stablecoin payments on its ecosystem.
“Gamers hate crypto,” he says, “but they like money and want more freedom.”
Stablecoins are part of the HandCash commitment to making digital assets as easy to use for its clients as any other mainstream fiat platform. With stablecoins, any gamer can make and receive payments with a uniform medium of exchange, eliminating the need for supporting dozens of tokens.
Stablecoins are also critical in targeting the non-digital asset crowd. Agut revealed that he meets several companies who love HandCash and its products, but they tell him to “come back when you can do all of this with US dollars.”
Even with stablecoins, HandCash relies on the unbounded BSV blockchain network in the background to power its platform.
Agut welcomes every company that wants to jump in on the gaming economy.
“If you want to turn your online communities into thriving game economies, go to our website, sign up on the business dashboard and create your apps,” he said.
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