OnMobile Global rose 7.88% to Rs 172.40 after the company said that its mobile gaming platform has enabled transactions through Bitcoin for players across the globe.
ONMO, the direct-to-consumer social esports mobile gaming platform from OnMobile, has announced enabling transactions through Bitcoin for players globally.While ONMO users in India can play using real money, users in other parts of the globe will now have the choice of using Bitcoins to pay entry fees for 1-on-1 battles and daily multiplayer tournaments and play a wide variety of games on the platform.OnMobile Global said in a statement today.
It added that Bitcoin payments offer cross-game and cross-region compatibility coupled with streamlined payments.The platform will facilitate more cryptocurrency payment options in the future providing its global users with the best game experience and empower them to wager against each other.
Commenting on the new release, Krish Seshadri, CEO, ONMO said: “Gamers have been well habituated to virtual items and understand the value of virtual currencies.Our goal is to provide our global players with the best experience.
With the rapid adoption of Crypto, we have now added Bitcoin as the main payment method to play games on ONMO across the globe.We will soon add other Crypto currencies to the payment methods in the ONMO wallet.”
Headquartered in Bangalore OnMobile is a global leader in mobile entertainment.
It is focused on building cutting-edge mobile gaming products while also offering a wide array of products such as videos, tones, & contests.Based on current deployments, OnMobile has over 80 million monthly users across the globe.
On a consolidated basis, net profit of OnMobile Global declined 22.97% to Rs 8.72 crore on 4.72% decline in net sales to Rs 133.18 crore in Q3 December 2021 over Q3 December 2020.
Powered by Capital Market – Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world.Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger.
Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content.Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content.More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content.We believe in free, fair and credible journalism.
Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard .
Digital Editor.