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September 20, 2017

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Gaming company adoption pushes Bitcoin value back over US$1,000

WASHINGTON--The virtual currency Bitcoin jumped back over US$1,000 Monday after online gaming company Zynga began a test operation to accept Bitcoin in some of its games.

Zynga said in a posting on Reddit over the weekend that it is now accepting in-game purchases in seven of its online games, including FarmVille 2, CityVille, and Hidden Shadows, through the Bitcoin processor BitPay.

Zynga called the move a test "in reponse to Bitcoin's rise in popularity around the world."

The move appeared to help values of the online currency, which has sagged since China's central bank placed restrictions on its use in December and India's central bank issued a warning over risks involved in using it.

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