Ripple’s Xpring and Forte Invest $100m Fund to Support Blockchain-Powered Gaming
By Luke Flowers – Crypto Specialist
Ripple’s Xpring development initiative has partnered with the blockchain-based platform for the gaming industry, Forte, to introduce a $100m fund to support the development of blockchain-powered games. The fund will reportedly function with Forte’s platform in collaboration with Ripple to help advance the adoption of blockchain technology within gaming.
Forte’s platform is helping the utilise blockchain technology for easy application to improve game design and game economies. The fund will initially have a strong agenda on game developers operating live game economies that wish to incorporate blockchain technology for efficiency. The platform will help monetisation with players as they could buy crypto from the market place to use for game purchases. This economy of buying and selling cryptocurrency is sure to promote blockchain within gaming as any player can monetise their time playing games.
The technology of Forte will incorporate the open-source ledger of the Ripple network using XRP as a base pair. Investors will be able to buy XRP ready for trading on the platform that will support many new gaming economies with transactions across blockchains. Forte believe that implementing a cross chain solution will secure the infrastructure for the future of the ecosystem.
The gaming industry is worth roughly $140 billion globally in which most of the transactions are digital micro-transactions. These small economies could benefit massively from a blockchain ecosystem as these incur a substantial fee when considering the value of the transaction. Buying crypto for use within this gaming economy will bring cheaper fees and faster transactions for a better and more cohesive user experience.
You can locate all the latest significant news on our site so consider looking deeper! You can also buy Bitcoin UK from our trusted cryptocurrency broker platform.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards