Level Up! 500 Games to Accept Altcoin as Payment for the First Time

A "Made for gaming" cryptocurrency has become the first-ever altcoin to be accepted by a major gaming platform - in what is being described as good news for developers and players alike.

MobileGO has been picked up by Xsolla, a company which aims to help content creators launch, monetize, and market titles.

The collaboration means the cryptocurrency is now available for use in more than 500 games - with more than 500 million players getting the chance to purchase titles and use the altcoin for in-game purchases.

"Upon adopting the ERC223-compliant token, Aleksandr Agapitov, founder and CEO of Xsolla, said:"Owners of MGO will soon be able to engage in peer-to-peer match play and organize decentralized gaming tournaments in a way never before possible.

"MGO is essentially the Bitcoin of the gaming industry, the most trusted cryptocurrency that Xsolla is making available to more than half a billion gamers today."

Xsolla says new games are being added to its platform every day, and claims it now operations in more than 200 countries and territories.

MGO will now be presented to users as an option alongside 130 currencies and 700 payment methods.

MGO says its ultimate goal is to become a universal currency for the 2.6 billion gamers which are estimated to be there worldwide.

Xsolla currently acts as a merchant for major gaming brands, including Ubisoft and Twitch.

The company says it focuses exclusively on providing tools and services for the gaming community, and it initially launched way back in 2005.