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IvoryShots
Jul Member 2019

IvoryShots

Posts: 2,356Mithril Posts by user Forum Profile RuneMetrics Profile
Hey Jagex! Please accept cryptocurrency like Litecoin or IOTA.
Also would be cool if there was option to sell in game items for real cash.
You can also make your own cryptocurrency btw...

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10-Aug-2017 16:46:35 - Last edited on 27-Dec-2017 18:49:29 by IvoryShots

Talaegarys
Feb Gold Premier Club Member 2012

Talaegarys

Posts: 1,511Mithril Posts by user Forum Profile RuneMetrics Profile
What is the point of such currency even besides beeing anonymous?
I don't see them allowing this soon, because why would they even?
Cash is always better as a cashflow is needed to run a company.

Cryptocurrencies need to be sold to get a value for it, as still many places don't accept them as a valid paymentmethod.
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10-Aug-2017 16:55:09 - Last edited on 10-Aug-2017 16:58:12 by Talaegarys

Miu

Miu

Posts: 15,736Opal Posts by user Forum Profile RuneMetrics Profile
I think it's unlikely due to how volatile it is but I'm not an expert.

What's funny is that we'd probably have support for crypto at this point if IVP was still in charge. They've been investing in the crypto business lately, and it's a little known fact that IVP was invested in twitter when all the Jmods began flocking over there.
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10-Aug-2017 18:57:44

Tren
May
fmod Gold Premier Club Member
2003

Tren

Forum Moderator Posts: 81,382Emerald Posts by user Forum Profile RuneMetrics Profile
Back in February 2015, Jagex did partner with a couple of bitcoin payment service providers, so that they could accept payments in bitcoins. As that is no longer available, one can assume that there was not enough interest or activity in that payment method to make it worthwhile.
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10-Aug-2017 19:31:50

IvoryShots
Jul Member 2019

IvoryShots

Posts: 2,356Mithril Posts by user Forum Profile RuneMetrics Profile
Talaegarys said:
What is the point of such currency even besides beeing anonymous? .................

Depends.
Bitcoin - Most popular and first ever made crypto.
Ethereum - Smartcontracts
Litecoin - Cheap and fast transactions
IOTA - No transaction fees
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09-Dec-2017 12:02:32

Thunder Jinx
Feb Member 2010

Thunder Jinx

Posts: 13,928Opal Posts by user Forum Profile RuneMetrics Profile
Accepting crypto currencies would mean Jagex has to update the prices of everything on a daily basis because they are extremely volatile and fluctuate too much. Currencies controlled by national banks and supernational organisations are more stable because it is required for businesses to make deals across borders.
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09-Dec-2017 12:40:30

Thunder Jinx
Feb Member 2010

Thunder Jinx

Posts: 13,928Opal Posts by user Forum Profile RuneMetrics Profile
I never said they did, but in the legitimate business world they like to keep prices steady and a crypto currency price would be anything but steady.
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09-Dec-2017 16:58:05

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