GameCredits (GMC) is unique when compared to other types of currencies in the same group. Some of the ways it is different is in relation to why it was created. GameCredits is a type of digital currency that was created to fill a need in the gaming industry. It was designed as way to carry out transactions between gamers who contribute billions to the gaming industry. The amount of people who play games breaks through barriers and land borders. However, there was not an easy way for quick transactions to occur around the world for those who are a part of the gaming industry. The GameCredits team got together and created a cryptocurrency which could be used instead of regular fiat. GameCredits belongs to the same group of cryptocurrency such as Bitcoin, and they both use the blockchain technology, and it is a great alternative to the types of fiat owned by governments. It is decentralized digital currency, so there is no red-tape or high transaction fees for people from different countries to conduct transactions. Since it is decentralized, the government is not able to dictate how much digital currency can be exchanged or where purchases can be made. Gamers are free to use GameCredits to play games or purchase them.
Why Should Anyone Use GameCredits
Obtaining GameCredits is not like just going to the bank. Gamers must have a wallet to hold these coins. As this is digital currency, it will not be a physical wallet, but rather a virtual wallet that can be stored on the Internet or on a computer. Players can obtain this currency and store it in their wallet to be later be used to pay for a game or sent to an online casino. Gamecredits was also implemented by online casinos to decrease the waiting time between receiving this currency and sending it back to players. This is a currency, which allows for fast payments. Players will no longer have to use credits cards which can take days to deposit funds into an online casino account. Game Credits makes it possible in just a few clicks. This digital currency is also used by those who want a secure way to pay for goods and services. Many people are cautious about sending out their credit card details on the Internet with increasing reports of identity theft or fraud. By using GameCredits, players will not have to release personal information other than their virtual wallet address. This creates a safe way to make payments online using GameCredits as a payment method.