GameSwift Simplifies Monetization Of Gaming Assets Through GS Pay

GameSwift Simplifies Monetization Of Gaming Assets Through GS Pay

Announcements
December 19, 2023 by Diana Ambolis
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Gaming has been a popular pastime for decades, but one of this industry’s biggest what-ifs is being able to turn in-game assets into real-world money. With that ambitious goal in mind, GameSwift introduces GS Pay, a groundbreaking payment system poised to redefine how gamers monetize their in-game assets. As the gaming industry evolves and the
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Gaming has been a popular pastime for decades, but one of this industry’s biggest what-ifs is being able to turn in-game assets into real-world money. With that ambitious goal in mind, GameSwift introduces GS Pay, a groundbreaking payment system poised to redefine how gamers monetize their in-game assets.

As the gaming industry evolves and the boundaries between virtual and real worlds blur, GS Pay emerges as the bridge, enabling gamers to seamlessly convert their digital treasures into tangible money for everyday expenses.

Embracing The Intersection Of Gaming & Reality

GS Pay represents a leap into the future of Web3 gaming payments, introducing a payment system that opens up a myriad of possibilities for gamers. Beyond mere entertainment, GameSwift’s mission is to empower gamers, allowing them to utilize their hard-earned digital items as currency for everyday needs like food, shopping, and bills.

The main objective of GS Pay is to forge a connection between the gaming realm and reality, facilitating a smoother integration of gaming passion into daily life. With GS Pay and the revolutionary G-BUCKS virtual currency, gamers can seamlessly navigate payments within games, applications, and online stores.

Bridging The Gap Between Web2 & Web3

GS Pay acts as a versatile conduit, effortlessly facilitating transactions for Web3 gaming assets or Web2 activities. In layman’s terms, this means that regardless of the situation, be it going for dinner with someone or buying a new skin for an in-game character, GS Pay is the one-stop solution for all virtual and physical spending needs.

To that end, the introduction of ‘Tiers’, which are visually distinct GameSwift Card representations, aid in enhancing the overall experience. These Tiers provide users with various benefits such as discounts when purchasing G-BUCKS. There are plans to leverage Tiers in various capacities on the GameSwift platform in later stages. GS Pay also extends a range of benefits to its users and $GSWIFT token stakers, including higher APY, airdrop multipliers, and discounts on G-BUCKS.

 

Unveiling The Technology Behind GS Pay

At the heart of GS Pay lies exclusive technology designed to empower gamers to monetize and cash out their in-game assets in an effective and seamless fashion. With such a feature, a user-friendly dashboard and interface is needed, which GS Pay conveniently provided. This interface also displays all in-game digital assets, whether NFTs or standard tokens, providing detailed information about each item’s value.

In the Mainnet stage, a single click on GS Pay enables gamers to convert their assets into fiat on their bank card. The platform handles technical aspects, covering gas fees and seamlessly bridging assets to exchanges or marketplaces for conversion, with zero-knowledge proof technology which helps provide an extra layer of privacy and security when it comes to the off-ramping of crypto assets to fiat.

 

A System Tailored For Gamers

GS Pay, integrated into the GameSwift platform, streamlines the placement and withdrawal of funds, offering a versatile system for ordering payment cards, making in-game purchases, and utilizing both off-ramp and on-ramp gateways. Users can conveniently place funds through traditional methods or blockchain technology, and various withdrawal options, including bank transfers and GS Pay payment cards, cater to different needs.

GS Pay’s phased rollout begins with exclusive access for whitelisted users on December 20th, followed by an open phase on December 21st. A 7-day unbounding period commences on December 22nd, concluding Phase 1 on December 23rd, with a limited availability of 888 slots and lock conditions of 3 months plus 7 days unbounding.

 

Shaping The Future Ff Gaming Transactions

In conclusion, GS Pay emerges as a comprehensive payment system designed to empower gamers, offering a seamless experience for both fiat and crypto users. Its innovative approach simplifies the monetization of in-game assets, marking a significant step towards transforming how gamers engage with and derive value from their favorite hobby. GameSwift is excited to bring this groundbreaking product to the global gaming community, where technology empowers users rather than restricting them.

GameSwift’s official website and its X, Discord, YouTube, LinkedIn, Medium, and Telegram channels can always be visited to get more information and regular updates.