The post GameStop Considers Cryptocurrency for Trading Cards Payments appeared on BitcoinEthereumNews.com.

Key Points: GameStop is exploring cryptocurrency as a payment option. CEO Ryan Cohen emphasizes potential demand and utility. No specific token or timeline announced yet. Ryan Cohen, CEO of GameStop, announced on July 15, 2025, that the company is open to accepting cryptocurrencies for trading cards and collectibles in the future. This move reflects GameStop’s strategic shift from hardware to collectibles amid rising costs, marking its attention to cryptocurrency’s utility and potential demand. GameStop Eyes Crypto Payments Amid Strategic Collectibles Focus In an interview, Ryan Cohen stated GameStop’s interest in cryptocurrency payments, emphasizing utility and demand as central. “If there is an opportunity to buy trading cards with cryptocurrencies, we will pay attention to the actual demand… The actual use of cryptocurrencies in transactions is an opportunity and a focus of the company.” CNBC Without naming specific tokens, Cohen noted the company will examine options as they refine their collectibles strategy. GameStop’s pivot away from hardware retail to focus on trading cards aligns with broader efforts to solidify its balance sheet. Cryptocurrency acceptance could appeal to crypto-savvy consumers and provide an inflation hedge. Community reactions highlight speculative interest, with no concrete commitments yet. While enthusiasts discuss potential tokens, Cohen confirmed the absence of any selected cryptocurrency as of now. Crypto Adoption’s Potential Impact on GameStop’s Market Position Did you know? Retailers integrating crypto payment systems, such as PayPal, have historically spurred short-lived price rallies in assets like Bitcoin, although sustained demand depends on broader adoption. As of July 16, 2025, Bitcoin is valued at $119,645.25, with a market cap of $2.38 trillion and a 24-hour trading volume of $70.79 billion, according to CoinMarketCap. Recent increases include a 40.83% rise over 90 days, showcasing significant volatility and interest. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 21:40 UTC on July 16, 2025.…

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Filed under: News - @ July 17, 2025 12:20 am