Sony's platform could accept BTC
The retail industry's adoption of Bitcoin and other cryptocurrencies has been huge over the past few years. This has convinced many companies to integrate cryptocurrencies into their payment options. The decision is making it easier for people to pay for goods or services using bitcoin and other digital currencies.Sony Interactive Entertainment is the latest to go down this road. Its patent filing shows the new platform would allow users to bet on electronic sports (e-sports) using both physical currencies and bitcoin. Apparently, Sony first filed the patent in 2019, according to PatentScope. However, the application was only published earlier this month.
According to the patent summary, the new platform would allow viewers to livestream e-sport events such as fighting game tournaments. As well, users would have the option to bet on the outcomes. They could place their bets directly over the stream, through an interface overlay.
The patent document stated "Wagers may be pecuniary, e.g., money or bitcoin, or maybe non-pecuniary, e.g., game assets, digital rights, and virtual currency." Thus, the wording implies that users can earn and bet money, including cryptocurrencies. Furthermore, Sony added the wager odds would be set via machine learning. They would be calculated using the play history of the competing players. In addition, the odds would factor in how players are performing in the current match.
Sony could make new system available to gaming consoles
The entertainment company could be looking to make the system available to numerous gaming consoles. According to the patent, the system isn't exclusive to PlayStation. It could be used on other "consoles such as Sony PlayStation or a game console made by Microsoft or Nintendo or other manufacturers virtual reality (VR) headsets, augmented reality (AR) headsets, portable televisions (e.g., smart TVs, Internet-enabled TVs), portable computers such as laptops and tablet computers, and other mobile devices including smartphones."Cryptocurrencies have gained adoption in various sectors of the global economy. By adopting the Bitcoin payment option, Sony could be appealing to an increasing market comprised of cryptocurrency enthusiasts.
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