GameStop Considers Supporting Cryptocurrency Payments in Trading Card and Collectibles Business
Powered by ChatGPTIn an interview with CNBC's "Squawk Box," GameStop CEO Ryan Cohen stated that due to rising costs, the company is adjusting its strategy to reduce its reliance on hardware and instead focus on trading cards and collectibles, which may be available for purchase with cryptocurrency in the future. He said that if there is an opportunity to buy trading cards with cryptocurrency, he will pay attention to the actual demand. He believes that "in addition to investment, cryptocurrency is also a hedge against inflation, which is its greatest current demand. The actual use of cryptocurrency in transactions is an opportunity and a focus for the company." Cohen also said that although there are opportunities to use cryptocurrency in the field, GameStop has not yet selected a specific token and will examine all cryptocurrencies. (Cointelegraph) [Odaily Planet Daily News]