In the dynamic landscape where the gaming sector meets financial innovation, GameSwift emerges as a trailblazer with the introduction of GS Pay. This revolutionary payment system seamlessly bridges the gap between the virtual and physical realms, allowing gamers to transform in-game assets into tangible real-world rewards. As gaming transcends its traditional boundaries, GameSwift stands at the forefront, reshaping the landscape of Web3 gaming.
Why Does This Matter?
GS Pay is designed to empower gamers by transforming their hard-earned digital assets into real money for everyday expenses. The integration of GS Pay with the virtual currency ‘G-BUCKS’ opens doors for seamless transactions within games, applications, and online stores. This unified system, driven by G-BUCKS, creates a transformative experience for Web3 gamers, blurring the lines between Web2 and Web3 payments while also realizing a dream that gamers have had ever since this popular pastime was invented decades ago.
Beyond merely facilitating payments, GS Pay offers additional benefits such as higher APY, discounts, airdrop multipliers, and more. This innovative system allows users to effortlessly pay for anything they desire, transcending the traditional boundaries of gaming payment experiences. So, whether it be a new in-game item or something which exists in the real world, GS Pay has its users covered.
What Is The Technology Behind GS Pay?
Every new initiative must be based on tried-and-tested technologies and practices. GS Pay is no different, as at its core lies exclusive technology that enables gamers to monetize and cash out their in-game assets seamlessly. The intuitive dashboard provides a comprehensive view of in-game digital assets, allowing users to convert these assets into actual money on their GS Pay bank card with just a single click.
The GameSwift Wallet and GameSwift Card constitute the key components of the GS Pay system, offering a user-friendly experience which also includes the handling of gas fees and bridging assets to exchanges or marketplaces for easy conversions. Finally, the off-ramping process employs ZK proof technology, ensuring the privacy and security of converting crypto assets to fiat currency that can be used in the real world.
Also, GS Pay has ‘Tiers’ which currently refer to a unique GameSwift Card visualization and provide a discount when purchasing G-BUCKS. The user’s Tier will be used in various areas of the platform in the future.
A Holistic Payment System
Integrated into the GameSwift Platform, GS Pay streamlines fund placement and withdrawal for users. This versatile system supports various services, including ordering a payment card, making in-game purchases, and utilizing both off-ramp and on-ramp gateways. Users can conveniently place funds on their accounts using traditional methods or blockchain technology through crypto wallets.
Important dates to note include December 20th for exclusive access for whitelisted users, December 21st for the Open Phase, December 22nd for the return and 7 days of unbounding, and December 23rd marking the end of the first phase. The limited availability in Phase 1 is set at 888 slots, with lock conditions requiring 3 months plus 7 days unbounding.With the introduction of GS Pay, GameSwift is dedicated to providing cutting-edge solutions that bring games into the forefront of the Web3 era. Check out GameSwift’s
Source: https://thenewscrypto.com/gamers-can-now-convert-in-game-assets-to-real-world-money-via-gs-pay/