Japanese Internet Giant GMO Set to Launch Bitcoin Reward System

Japanese web service GMO Internet Inc. has announced that it would make a big appearance on its Bitcoin-based application for in-game rewards in August; this according to  reports from Cointelegraph Japan on May 31.

The application, called CryptoChips, is a platform that offers compensation to players for accomplishing certain objectives, and will initially launch exclusively with Bitcoin support.

CryptoChips will apparently first be actualized in GMO-developed real time battle game Whimsical War.

“GMO Internet has developed ‘CryptoChips by GMO’ that enables distribution of cryptocurrency as remuneration within the game application, and will offer it through a group company starting in August 2018,” an accompanying public statement in English and Japanese confirms.

Explaining further, the statement said, “CryptoChips can be mounted on the game application and allows players to receive cryptocurrency as remuneration within the game – like a ‘secret pocket money’ – depending on the players’ rankings or when players have achieved missions or acquired items.”

The move is the most recent venture into digital currency for GMO, which as of now runs its own trade, mining task and even pays a segment of staff compensations in Bitcoin.

In March, the organization’s trade vowed to enhance data security after regulators discovered that the company’s systems were porous and prone to cyber attacks; this after a cross-industry investigations following January’s $530 mln hack of fellow Japanese crypto trade Coincheck.



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