Game developers have gained an opportunity to build cryptocurrencies into their products since the MobileGO’s [MGO] “made-for-gaming” token now available in the Xsolla platform. Due to this partnership, users will gain access to more than 500 games on Xsolla platform utilizing the MGO token.
As part of the new partnership, Xsolla, a platform with a comprehensive set of tools for developers and publishers in the gaming industry, started accepting a “made-for-gaming cryptocurrency” MGO token for payments, created by the MobileGO company for PC and mobile gaming partners.
According to the company’s official website, the MGO token is crafted both for developers and users, aiming at becoming “a universal currency for 2.6 billion gamers worldwide and help both large and small game developers to grow their business, as well as to provide gamers with benefits of smart contracts and transparency”.
Leveraging the Ethereum blockchain network, the MGO token uses smart contracts that are especially vital for the e-sports segment of the gaming industry, where transparency and accuracy of records are vital. With smart contracts, prizes can be automatically distributed according to prescribed and conditions, without the concern of alteration by a third party. The money is only released after the correct fulfillment of a smart contract.
Further, the token can be also used for loyalty rewards or in-game payments. As the MobileGo team elaborates in their blog, the key advantages of MGO are “the speed of payment processing and the level of security”: transfers of funds take less time compared to traditional payments, while the chances of fraud “are much lower”.
The token will be added to over 700 existing payment methods on Xsolla, in its turn providing users an opportunity to pay in crypto to access more than 500 games through the Xsolla service.