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Fans of the famous Fortnite online video game now have the opportunity to buy the game merchandise with Monero (XMR).
The news appeared for the first time on 1 January 2019, with visibly enthusiastic Reddit users, including Riccardo Spagni, a main developer of the Monero platform.
He tweeted that having XMR as a payment option for Fortnite goods was a "cool" thing.
As noted on Reddit and other cryptographic circles, Fortnite's decision to accept Monero payments is an indicator that the adoption of cryptocurrency is gaining ground. And with its 200 million active users, Fortnite could provide only the necessary support.
A measure of the popularity of Fortnite came to prominence last year when US teenagers chose v-bucks and encrypted them as Christmas gifts, bypassing traditional preferences in gift cards, cash and gas money.
Privacy concerns "keep the bitcoin away from Fortnite"
Some Twitter users wanted to know why the blockbuster game did not accept bitcoins. It turns out to be due to concerns that bitcoin does not offer what the privacy-eccentric Monero offers – the privacy of transactions.
While Fortnite does not currently consider adding bitcoins as a payment method, plans are underway to have Lightning Network (LN). According to Riccardo Spagni LN is seen as capable of restoring a bit of Bitcoin privacy.
Spagni added that Fortnite showed great interest in Lightning Network, and that "[they] they were pushing hard to make them add [it] to the list. "
He added that the online video game operator has several options on the table, even though Monero was the first on the list. The other options include "Bitcoin enabled for bech32. "
Privacy is currently a major concern for cryptocurrency and online users, given widespread cases of hackings.
In addition, most people think data is safe after baffling the news and reporting that social media platforms like Facebook were selling user data to third-party entities.
The fury that greeted the many Facebook scandals regarding the misuse of the personal details of millions of users is influencing the efforts of the social media giant to recruit the best cryptography and blockchain talents. The reason may be that public trust in the company has sunk to its lowest levels.
According to Alex Heath, a journalist for the American financial news channel Cheddar, many people have lost their trust in Facebook as a brand, "Above all the people in the crypto and blockchain world."
Most people in the crypto industry are moving around because they disapprove of centralization in traditional companies like Facebook.
The United States plans to monitor private currencies
The coins for the privacy of the challenge such as Monero and Zcash have given US government agencies that want to track them down has led to requests for public input on how it can be done.
Privacy-centric coins have gained many users in the last two years because they provide complete anonymity for the user and the transaction process.
This meant that the US Department of Homeland Security (DHS) sought to develop a structure that would allow government agencies and forces to follow and conduct forensic analysis of transactions processed on the privacy blockchain.
The framework is seen as an essential tool that will help prevent the use of cryptography in illicit activities, including money laundering and terrorist financing.
disavowal: This is not an investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your research and consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.
