GameStop to Terminate Crypto Wallet Support

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News/GameStop to Terminate Crypto Wallet Support







GameStop to Terminate Crypto Wallet Support
GameStop to Terminate Crypto Wallet Support

Business Companies

09 August 2023 16:20

GameStop announced its decision to terminate the support for crypto wallets.CEO Matt Furlong stated “The company has proactively minimized exposure to cryptocurrency risk throughout the year and does not currently hold a material balance of any token. Although we continue to believe there is long-term potential for digital assets in the gaming world, we have not and will not risk meaningful stockholder capital in the space.”Users are advised to ensure access to their Secret Passphrase by Oct. 1.

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Dante Uzel
Esports & Gaming Journalist
Dante Uzel is an esports and gaming news journalist with eight years covering the industry. His work has appeared in publications including Game Life and The Game Post, and he currently reports for TwogNews and TwogPedia.