Game developers and publishers operating on the Xsolla Platform are now overlooking fiat currencies and instead choosing to uptake their daily proceeds in MobileGo (MGO) tokens. Even though Xsolla offers numerous payment options, there must be a good reason why game developers seem to have rediscovered MGO.
The Home Of Real Action
Perhaps it’s a wise thing to refresh our minds about Xsolla before we remove our boots and walk into the MGO pool’s popularity. Having started some ten years ago, Xsolla is a movie platform where players purchase in-game items using fiat currencies. Due to its reputation Xsolla has become a household name in the gaming industry.
To prove these claims, we want to report that the gaming platform’s gross revenue exceeds $100 million monthly by hosting over half a billion users representing 200 countries. This broad client base consumes over 500 games which they pay for in 100 different currencies including MobileGo (MGO) via 700 different payment systems which process over 40 million transactions annually. Xsolla, therefore, is an all-in-one trusted stage in the gaming industry that offers the same developers and publishers access to billing, payment, game distribution, and marketing tools.
Who’s buying into MGO?
Records indicate that there are at least half a dozen teams that are passionate about converting and cashing their revenue via MobileGo tokens on the Xsolla platform, translating to $2.5 million worth of regular MGO transactions. If the same trend continues, more teams are expected to weigh in since MobileGo’s popularity is growing exponentially. Experts predict that sooner or later MGO will account for close to one in every three transactions encompassing Xsolla’s monthly turnover of over $100 million monthly.
So, why is there a sudden obsession with MobileGo?
In a world where everything is becoming instant, game developers abhor the idea of waiting for too long to lay a hand on their hard-earned earnings via fiat currencies. There are occasions where the process is reported to extend for weeks or even months to everyone’s disgust. The picture grows dimmer when you must bring into the picture the fact that game developers have regular financial obligations such as paying salaries, contractors and for equipment. The huge transactional fees and commissions associated with fiat payments only contribute to making a bad situation worse such that game developers see their money flying away.
Enter MobileGo (MGO) and game developers have a user-friendly, faster, affordable and secure payout platform that can’t just compare with the rest. The process of receiving and dispatching funds involves a simple mouse-click that doesn’t require any technical knowledge and everyone involved gets settled in less than 20 minutes; hey, you also don’t have to part with vexatious fees and commissions.
MGO tokens are compatible with most Ethereum-based cryptocurrency wallets but most developers prefer making direct withdrawals via leading exchanges like BitForex and Bitfinex. As soon as a user creates an MGO withdrawal they can choose which favorite cryptocurrencies between Bitcoin, Ethereum or USDT to convert them to on compatible exchanges or convert them to fiat currencies.
Also worth highlighting is the fact that since the past two weeks, game developers have successfully withdrawn their royalty in MGO.
What are MGO’s Future Prospects?
MGO tokens have been enjoying favorable attention from game developers and cryptocurrency lovers for the last few months. This development has enabled the token’s volumes to grow inch by inch together with the project’s market capitalization that stands at $25 million by the time of going to press even as more and more developers continue trooping in to take advantage of the new state of affairs.