Quote from: Jack Kuveke on January 31, 2017, 12:25:39 AM

Now BTC is currently the only means of payment for GAME in our wallet. However, in a matter of days we will be adding credit cards. This means that gamers can purchase GAME without having to know what it is. Instead they can now enjoy a coin they can transact from game to game with, have anonymity [...]

Quote from: Jack Kuveke on January 31, 2017, 12:25:39 AM

By implementing our API game developers can use GameCredits as a means of payment for in game currencies/items. In doing so, they save more than 20% on fees currently paid out to vendors like apple/google. At the same time developers reduce their payment processing periods from up to 60 days to minutes, eliminate chargebacks/fraud, and increase consumer deposit limits (which are currently very low).

Quote from: Jack Kuveke on January 30, 2017, 01:19:15 PM

Our API allows for the possibility of every in game currency purchase/item purchase to run on the GAME platform. Meaning hpyothetically you could be in the Game of War store (one of the top mobile games) and all purchases are prices in dollars or euros like normal. But when you purchase it goes through the GAME system cutting developers costs and securing their system more. I think we can all realize how powerful this is.

(bolding added)

Indirectly offering fiat to crypto conversion is nominally nice, a feature like OKCoin, Coinbase, Kraken, or other large regulated exchanges but on smaller scale.

However, I do wonder how much investigation has been done into issues with AML / KYC regulations. In the U.S., those antiprivacy regulations are seriously nasty, to a degree which could greatly surprise anyone who has not extensively looked into the matter. Europe is sometimes a little better in that regard, though still with issues.

Hopefully you guys aren't too based in the U.S., as you likely really wouldn't want GameCredits to be counted as "an administrator" of a cryptocurrency under U.S. money services business laws and FINCEN regulations on what counts as an MSB. Games won't want to require players to upload scans of photo IDs, utility bills, and the like.

The preceding is among the reasons that few major cryptocurrency startups have happened in the U.S., other than some small ones sneaking under the radar (and aside from possibly Bitcoin itself but with Satoshi Nakamoto -- probably not his real name -- concluding to go dark and flee). Ripple was an exception, yet they did have huge issues in their history including millions of dollars of government fines and forced changes.

GameCredits has an U.S. contact address on its website. Fortunately for this, the CEO and some others appear to be European. However, even if GameCredits is decentralized or non-U.S. enough to get by itself, "regulatory compliance" can still be an issue for game companies using GameCredits, if there is back and forth conversion between GAME and fiat.