Crypto 656

07/16 13:35

GameStop CEO Hints at Crypto Payments, Says Bitcoi

GameStop CEO Hints at Crypto Payments, Says Bitcoin Purchase Is a Hedge Against Inflation

Ryan Cohen Says GameStop Invests $500 Million in Bitcoin as a "Hedge Against Inflation and Global Money Printing."

GameStop CEO Ryan Cohen hinted that the video game retailer may begin accepting cryptocurrencies for trading card purchases, and said the company's purchase of Bitcoin is not a copycat of MicroStrategy.

Faced with rising costs, GameStop has adjusted its strategy to rely less on hardware and focus more on trading cards and collectibles, which may be purchased with crypto in the future, Cohen said on CNBC's Squawk Box on Tuesday.

"There's an opportunity to buy trading cards and use crypto to buy them. So we'll wait and see how big the actual demand for these types of products is," he said.

 There's another use for cryptocurrencies besides investment, which is to hedge against inflation. I think that's been the biggest demand for cryptocurrencies so far, so actually using cryptocurrencies in transactions is an opportunity and something we're watching. 

#HTX 12th-Anniversary Carnival#Check In to Win a 20g Gold Bar#Claim1,200 USDT in the Monthly Creation Challenge#Do you think ANIME is promising?#Trump family backs TRON's US listing

2分享