Does GameStop accept Bitcoin?- Bitcoin one of the most successful cryptocurrencies across the world has in recent years gained some recognition and acceptance as a currency for business dealings and payments. The use of bitcoin in the most advanced parts of the world, in terms of socio-economic growth, is considered as innovative. Due to bitcoin’s lack of dependence on the central financial system, it guarantees a level of anonymity and security to consumers. GameStop on the other hand which is one of the world’s largest video game, game merchandise and consumer electronics retailer experienced a spike in stock value and as one of the company’s decisions to catch up with current trends in international markets made the decision to accept bitcoin as a payment option.
GameStop has successfully implemented bitcoin as an official currency for payment on their platform. The announcement was made by Flexa, a crypto payment processor company on 21st December 2021. People with bitcoin have been able to make payments to GameStop through the use of the SPEDN app. The SPEDN app however does not only allow just bitcoin to be used as a payment option, it also makes room for other cryptocurrencies like; Litecoin, Ethereum, Axium Infinity Shards, Decentraland, Smooth, and Love Potion will be accepted as currencies. The Flexa payment method at GameStop is ideal for payment when you walk into a Gamestop shop. Paxful on the other hand provides an opportunity for Bitcoin holders to sell their bitcoin for dollars to purchase GameStop gift cards for online transactions, which are mostly payments.
Steps to use bitcoin as a currency for payment on the SPEDN app:
Using bitcoin as a currency for payment could be quite a challenge for first-time users and people who are not familiar with the whole process. The payment is however not complex or difficult to follow. The SPEDN app, however, is currently available exclusively to the app store for iPhones. Listed below are some guidelines to follow for bitcoin holders to successfully make payments with the SPEDN app:
- Load to a specific asset: Bitcoin holders after downloading the SPEDN app can load their bitcoin on the app after a unique address is given to them for deposit. Again, this function is not exclusive to bitcoin users. Other cryptocurrencies can be loaded here too.
- Tap for payment: After funds are loaded to the unique address, users and bitcoin holders can make direct payment to GameStop by taping the name in the list of Flexa-accepting stores on the app. All you need to do is reveal the flex code at the point of sale for instant payment.
- Complete Payment: Once the cashier scans the flex code that appears on the screen, your cryptocurrency balance is converted into dollars which will cover the complete payment of your purchase.
How to sell Bitcoin on Paxful to make payment on Gamestop?
For Bitcoin holders who are already familiar with Paxful, you will have to sign in to an existing account if you have one. Paxful is available on the Play Store for Android and App Store for the iPhone. There is also web access for Paxful so new users can sign in by creating a new account and then follow the steps listed below to use Paxful efficiently for online payment:
- Set up your requirements: Here users are expected to set up the method of payment that best suits them, which in this case would be the Bitcoin and the amount of Bitcoin you want to sell. Users are also required to set up their locations and the preferred currency. Users can now use the “Search for offers” button to search for GameStop gift offers.
- Review GameStop offers: Users at this stage need to make sure they are buying gift cards from GameStop by critically evaluating the offers and making sure you are buying from GameStop by checking the credentials.
- Initiate the trade: if you’re okay with the offer and credentials, you can click on “Sell Now’’ which will open a live trade chat. At this point, you can move your Bitcoin to a secure escrow. You should read the instructions that follow carefully. As soon as the buyer completes the trade and you receive your money, you can then release the Bitcoin and download a public receipt for the transaction.
- Feedback: Your feedback is essential, as it helps to improve the application so we suggest you leave feedback for the developers.
From the above-provided information, it can be deduced that GameStop accepts Bitcoin for purchases. Bitcoin can be used when a customer walks into the shop and also, online. The SPEDN app is ideal for a walk-in purchase in GameStop whilst the Paxful makes online shopping way easier than we imagined! The basic steps illustrated in detail above should help you navigate your way for payment in any GameStop shop near you and online.
Frequently Asked Questions (FAQ)
- Is Bitcoin acceptable in GameStop?
Answer: Yes, it is and the process is not complex at all.
- Can Bitcoin be used when you walk into a GameStop shop?
Answer: Yes, it can and the process is much easier with the SPEDN app exclusively on iPhone’s app store.
- Can Bitcoin be used online?
Answer: Yes, it can. Paxful, which is available on both Android and iOS makes the process easy.
