Fortnite cryptocurrency adoption is here! Fortnite fans can buy merchandise using the famous privacy coin, Monero (XMR). Bitcoin payments are not yet accepted by Fortnite, due to privacy concerns. Fortnite did not make the official announcement – that was done by fans via Reddit on January 1st.
XMR enthusiasts said that the move is positive for crypto adoption. Fortnite is the most popular video game in the world, with more than 200 million registered users.
Fortnite is popular amongst teens, so much so that when teens were polled in 2018, they indicated that they’d prefer gifts of cryptocurrency and V-bucks, virtual currency used in Fortnite, over cash, gift cards, or gas money as gifts.
Monero developer Riccardo Spagni excitedly shared the news on Twitter.
“Too cool: The Fortnite merch store lets you pay in Monero, so now you can purchase that sweet Durrr Burger onesie without friends/family/coworkers judging you,” he tweeted.
Some Twitter users wondered why XMR was chosen as a payment method while Bitcoin was not.
According to Riccardo Spagni, it’s due to Bitcoin’s privacy concerns, saying:
“Lack of privacy, but they’re considering LN because it restores *some* privacy to Bitcoin.”
— Riccardo Spagni (@fluffypony) January 1st
Spagni also said that Fortnite is “very interested in Lightning Network, and we’re pushing hard to get them to add that to the list. Right now, they’ve only enabled Monero, even though they have a number of options (including bech32-enabled Bitcoin).”
Privacy has become a big and important issue for cryptocurrency users and consumers in general amidst reports of hacks and reports of user data being misused by social media companies like Facebook.
Digital currencies like Monero and Zcash is well regarded in the cryptocurrency industry and liked by users who prioritize privacy. The two cryptocurrencies provide a high level of anonymity for its users and their transactions.
But how long will privacy coins remain truly private? In December 2018, last month, the US Department of Homeland Security announced that it would be developing a framework that would allow it to monitor the transactions done through Zcash and Monero based on a blockchain-based forensic analytics program.
The move is reportedly an effort by the US government to ensure that money-laundering, tax evasion, and terror financing does not occur with the cryptocurrencies.
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