Gametize Hub now accepts Bitcoins for subscription payments

Business Development
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Bitcoin may have been around for close to a decade, but many global businesses have only scratched the surface when it comes to exploring cryptocurrency payments. Gametize believes cryptocurrency has a bigger role to play in disrupting the payment industry. In fact, we think gamification and cryptocurrency have much overlaps, from transacting using digital assets (e.g. points = digital currencies), to motivating behaviours (e.g. mining, advocating) and growing communities. Gametize is proud to share we will join a growing list of businesses such as NameCheap in accepting Bitcoins as a payment method. This means that you as a customer can now pay your subscription plans with Bitcoins, in addition to the standard credit card or through rather painful bank transfers.

What is Bitcoin?

Bitcoin is a form of digital currency or cryptocurrency that is powered by Blockchain technology. While pundits initially expressed skepticism towards the concept, regulatory frameworks gradually became more comprehensive and aided in legitimizing it. This year, the Monetary Authority of Singapore (MAS) commissioned the Payments Services Act to enhance the regulatory framework for such e-payment services. This Act, in essence, strengthens consumer protection and enforce a greater peace of mind for those transacting via digital payments – like cryptocurrency.

Why go Bitcoin?

This purview was timely and also encouraged our decision in joining this community, which first stemmed from clients’ requests. We later researched extensively on the feasibility along with crypto-gurus like @spenceryang, such as adhering to anti-money laundering guidelines, and how other businesses facilitate Bitcoin payments. Today, Gametize is actually one of the few Software-as-a-Service (SaaS) solutions in Asia to accept this currency, and the only known gamification platform in the world to accept Bitcoins for payment.

Shut up and take my coins! How to Bitcoin?

We are undergoing a trial at the moment to crystalize the process, currently powered by two reputable platforms: Coinhako and Coinbase Commerce. These digital wallet services help to facilitate payment collection and ensure that all financial transactions are safely secured. Please refer to our Terms and Conditions to understand the finer prints. Once you have decided to proceed with a specific plan at, just drop a note and we will be able to advise you on how you can use your Bitcoins for payment.
We would like to leave you with a couple of super cool articles: “Bitcoin is Gamification”, by Kevin Werbach (one of our favorite gamification experts in Gametize), as well as how gamification can be a powerful tool when combined with blockchain technology, by Bitcoinist. May the coins be in your favor!

Published on 24th July, 2020

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