GameFi platforms represent a powerful confluence of cryptocurrencies, non-fungible tokens (NFTs), and the play-to-earn (P2E) gaming model. Outside of creating fun games, the integration of easy and flexible payment platforms for players is a must. Yeeha Games, Bybit’s $50 million-funded GameFi platform, integrated Cabital Web3 on-and-off ramp platform to provide gamers a fast and secure way to purchase in-game NFTs with fiat deposits. Via bank transfer with Cabital Connect, users can purchase non-fungible tokens (NFTs) on the Yeeha Games platform. The new capability will already support the launch of Midgard Saga, the first Web3 game in Yeeha Game’s ecosystem, released on September 8th, 2022.
When onboarding new gamers, fiat on-ramp is an important step as it allows gamers without any crypto to get started playing easily. Gamers can deposit local fiat currencies like EUR, GBP, CHF, and BRL via local payment capabilities, to purchase crypto using Cabital. The on-ramp removes the need to switch between apps to start playing, as the process happens directly on the Yeeha Games platform.
With Cabital Connect, players can make gas-free crypto transfers and will not be charged any deposits or processing fees, drastically reducing the costs. Through Cabital’s leading exchange rates, reliable payment solutions, and efficient transaction speeds, Yeeha Games aims to improve the overall payments experience for the gaming community.
Cabital’s comprehensive fiat on-and-off ramp solution is leading the way in enabling business partners to onboard customers by providing a channel to seamlessly buy and sell cryptocurrencies at some of the most competitive rates in the industry. In addition, all the transactions can be made without being redirected out of their respective platforms. The flexible and secure payment infrastructure can be easily integrated via API or widget integrations with minimal resources.
“To attract traditional gamers to Web3, we must not only maintain the integrity of great gaming experiences but also break down the barriers between fiat to crypto for gamers in general. And now thanks to Cabital Connect, we can provide an essential gateway between fiat and crypto transactions,” said Choy Wai Cheong, Co-Founder, and COO of Yeeha Games. “Yeeha Games will now have a stronger appeal for adoption, which is in harmony with the new game releases in our pipeline.”
“We’re excited to partner with Yeeha Games to make joining and playing Web3 games easier,” said Raymond Hsu, Co-Founder & CEO of Cabital. “Our goal at Cabital has always been to make crypto more accessible to all, and being able to purchase crypto with fiat deposits opens the doors of Web3 gaming to everyday people around the globe, which is a change that we’re happy to be part of. Yeeha Games is the first GameFi platform that Cabital has integrated with, and we’re looking forward to partnering with more to help lower the barriers to entry.”
Source: https://thenewscrypto.com/gamefi-platform-yeeha-games-integrates-cabital-connect-to-enable-fiat-on-and-off-ramp-for-players/