Bitcoin Payments Prove a Sales Success for Green Man Gaming

Popular digital game reseller Green Man Gaming says its newly added bitcoin payment option accounted for 5% of total sales during December.

AccessTimeIconJan 6, 2015 at 11:23 a.m. UTC
Updated Mar 2, 2023 at 10:40 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

One of the world's biggest digital game resellers, Green Man Gaming, says bitcoin has been a popular choice since it was introduced as a payment option early in December.

The UK-based company spoke to CoinDesk about the bitcoin rollout and why it decided to take the plunge into accepting digital currency via a partnership with payments solutions provider Stripe.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Paul Sulyok, the firm's CEO, said that the holiday season, which is usually the busiest time of year for the gaming industry, immediately rewarded Green Man's decision to accept bitcoin:

    “Since launching bitcoin as an option a month ago, we immediately saw transactions being made. During the first weekend of our holiday sale, we saw our highest day of money paid with bitcoin reach 5%, with the most popular Green Man Gaming purchase from bitcoin customers being the Valve Complete Pack.”

    The tech-savvy nature of the company's clientele has meant that bitcoin was a natural step for Green Man, explained Sulyok.

    “We were inundated with requests to accept bitcoin," he said. "Bitcoin is part of our customer’s lives online. For many it has already become part of their language and they want choice when paying for their purchases.”

    currently sells games in 186 territories around the world, offering over 5,000 titles from 350 publishers. The company also operates Playfire, a global social gaming network that it acquired in 2012. The Playfire platform is also used to reward gamers through a number of loyalty programmes.

    greenman-bitcoin
    greenman-bitcoin

    Sulyok explained that one of the main drivers of the decision to accept bitcoin was a buyer’s survey conducted in May 2014, which revealed digital currency as an option that was very much on customers' wish lists.

    He said:

    “Speaking directly to millions of gamers each day on a personal level, we can understand and genuinely share their passions and preferences.”

    According to the company, more than 6,000 people took part in the survey, with 30% saying they were aware of digital currencies and how to use them. A total of 89% said it was important for retailers to offer a wide selection of payment methods.

    Future role in digital content

    Sulyok described the addition of a bitcoin option as a means of building up a strong community by meeting its different needs – something that is paramount to any retailer.

    “Businesses, especially those operating solely online with global audiences, should never ever forget who they are doing all of this for,” said Sulyok. “I wouldn’t be surprised to see other retailers considering bitcoin as a payment option in the future.”

    When asked whether Green Man Gaming could start using bitcoin or blockchain technology as part of its Playfire loyalty schemes, he said: “It’s certainly something we might consider in the future. Playfire already offers a range of ways to earn special rewards and credit that reduces the cost of gaming.”

    Sulyok said he had always believed that digital downloads would become the dominant and preferred way for people to get their games.

    He explained:

    “It was the whole basis for why I founded the company, and I think digital currencies like bitcoin have an important role to play in the future of e-commerce, no matter what the industry.”

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about