Gaming giant Razer is considering a crypto move. And it’s “not just NANO”

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Razer Inc. founder Min-Liang Tan tweeted that his company is considering using crypto as a payment method. Additionally, Min-Liang said it could cover multiple cryptocurrencies, not just Nano.

Accepting crypto as a payment method (not just Nano) is something we are considering.

– Min-Liang Tan (@minliangtan) July 11, 2021

Razer is already in the crypto space

Razer Inc. is a high-end computer manufacturer best known for its gaming laptops and desktops that use high-end graphics cards.

The company is no stranger to cryptocurrency; he started a crypto mining program several years ago. Users can divert idle computing power to mine crypto through the program in exchange for “Silver” loyalty points.

Razer Silver holders can redeem their loyalty points for computer peripherals and games. This loyalty program may also offer an additional avenue for crypto integration outside of direct website purchases.

“Loyalty credits backed by Razer. Earn money when you pay with Razer or engage in software and services from Razer and our partners.

The mining program was executed in conjunction with a third party called GammaNow. Since neither Razer, which collects a fee, nor the users who signed up, earn any of the mined cryptos, some doubted the program would last.

Details on the crypto mined by GammaNow through the program are not readily available. But three years later, and it is still ongoing, which would imply that the program has enough stake to remain profitable.

Razer ready to take things to the next level

Last month, Min-Liang revealed that Razer shareholders asked him about his crypto plans at his last AGM. He said Razer customers were interested in crypto, but at the same time he also raised the issue of the environmental impact of GPU mining.

Nonetheless, Min-Liang said cryptography was a topic Razer was “exploring.” What exactly this means is widely open to interpretation.

“Our AGM was held today and one of the shareholders asked during the question-and-answer session if we have any plans in the crypto space. My response: Our user base is interested in crypto, but we are concerned about the impact it has on GPUs and the environment. But it’s definitely something we’re exploring right now.

Although Min-Liang ruled out a Razer cryptocurrency, he hinted that the company’s foray into crypto could take the form of accepting it as a method of payment for hardware and services.

This response was followed by several shillers citing the benefits of Nano as a suitable crypto payment token. Nanotransactions reach their final goal in less than a second, and since stakeholders receive no compensation, there are no transaction fees.

When asked for confirmation about Nano, Min-Liang responded by reiterating the consideration of crypto as a method of payment, not just Nano.

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