Tuesday, September 9, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Play-to-Earn Game, X10 Legends Offers Alternative for Unbanked Globally

by firstcryptonews
November 23, 2021
in Press Release
X10 Legends

Crypto-based play-to-earn games like X10 Legends are paving the way for unbanked people in some countries in Southeast Asia and Africa to bypass dealing with banks altogether, and instead rely on their play-to-earn accounts.

X10 Legends is currently the latest blockchain game where players earn rewards in XTL, a form of crypto tokens which can be exchanged for real money. This phenomenon is also known as “play-to-earn” in the blockchain industry.

“To have a bank account, and to be able to get good interest rates, and to get a loan, you need to have a job, you need to have an income,” Tom Leung, Founder of X10 Legends said.

He went on to explain that in Philippines, there are a lot of people who don’t have a bank account, either because they don’t qualify for one or because they believe they don’t need one.

For these people, Tom said, play-to-earn game represents one of the only paths to financial inclusion, since it is possible to start with nothing and earn tokens through playing.

“With a play-to-earn account, you don’t need anything,” Tom said, adding that once people start earning something through gaming, they can proceed to open a bank account under better terms.

The same sentiment was also shared by Ben Fairbank, CEO & Co-founder of the metaverse-focused venture firm RedFOX Labs. He said that crypto and play-to-earn accounts may actually help people in the region bypass getting a bank account completely.

He went on to note that play-to-earn is also useful because it teaches young people to earn, save, and invest in a way that no bank will do, which will become an important skill for them in the future.

But although crypto and play-to-earn wallets may take over for banks at some point in the future, it will be challenging to use earned gaming tokens for everyday purposes outside of the games, especially in some countries. Among them, China and Vietnam are particularly difficult from a regulatory standpoint.

Related Posts

NewBitcoin Ecosystem: A Second Chance to Mine Bitcoin with Community-Driven Innovation

NewBitcoin Ecosystem: A Second Chance to Mine Bitcoin with Community-Driven Innovation

by firstcryptonews
September 5, 2025
0

The NewBitcoin Ecosystem has officially launched, delivering a powerful decentralized mining and financial platform built for the future of blockchain....

MK DONS BECOMES FIRST FOOTBALL CLUB TO LAUNCH BLOCKCHAIN-VERIFIED COMMUNITY IMPACT PROGRAM WITH ZENKO PROTOCOL

MK DONS BECOMES FIRST FOOTBALL CLUB TO LAUNCH BLOCKCHAIN-VERIFIED COMMUNITY IMPACT PROGRAM WITH ZENKO PROTOCOL

by firstcryptonews
September 4, 2025
0

Every Home Shirt Sale Automatically Feeds One Child in Milton Keynes Through Revolutionary 'Hunger Gets Relegated' Campaign MILTON KEYNES, UK...

The Wally Group’s Roadmap: Building Beyond the Meme

The Wally Group’s Roadmap: Building Beyond the Meme

by firstcryptonews
August 22, 2025
0

The world of meme coins is often dominated by hype cycles, fleeting communities, and promises that never quite materialise. But...

Kame aka $Kame: A Novel Crypto Initiative Powering SEE Turtles Conservation

Kame aka $Kame: A Novel Crypto Initiative Powering SEE Turtles Conservation

by firstcryptonews
August 21, 2025
0

Crypto philanthropy is charting new territory—and one promising frontier is the collaboration between Kame (stylized as $Kame) and SEE Turtles,...

Sliyd launches on Base with one-click digital wallets; The “100k Sliyd Drop” shows how easy onboarding can be

Sliyd launches on Base with one-click digital wallets; The “100k Sliyd Drop” shows how easy onboarding can be

by firstcryptonews
August 21, 2025
0

Built for campaigns with simple sharing, on-chain proof and fair distribution, Sliyd is turning attention into action and rewards. British...

Huddle: The Cross-Chain Web3 Dashboard Transforming Portfolio Tracking

Huddle: The Cross-Chain Web3 Dashboard Transforming Portfolio Tracking

by firstcryptonews
August 21, 2025
0

The Web3 space continues to expand at lightning speed, with users often juggling multiple wallets across several chains. For NFT...

Next Post
DEFI STOA

DeFi STOA's global assets will be partially incinerated.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Betix – The Future of Smarter Sports Betting [Pre-sale]

Betix – The Future of Smarter Sports Betting [Pre-sale]

2 years ago
Celebrity Jeweler Ben Baller Sold 300 Bitcoins At $1,000, Now He‘s Telling Everyone How Much He Regrets It

Celebrity Jeweler Ben Baller Sold 300 Bitcoins At $1,000, Now He‘s Telling Everyone How Much He Regrets It

6 years ago
MNTG Wallet

MNTG Wallet – The Next Generation Blockchain Solution

4 years ago
RFOX VALT Launches AI-Enabled Metaverse Apartments for Sale

RFOX VALT Launches AI-Enabled Metaverse Apartments for Sale

3 years ago
AGII Unveils Its Vision for Transforming Web3 Ecosystems Through Advanced AI, Paving the Way for Intelligent Decentralized Interactions

AGII Unveils Its Vision for Transforming Web3 Ecosystems Through Advanced AI, Paving the Way for Intelligent Decentralized Interactions

7 months ago
Bitcoin Remains Below $12K But Hash Rate Hits New Milestone

Bitcoin Remains Below $12K But Hash Rate Hits New Milestone

6 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Atua AI Introduces Adaptive Pipelines for Scalable Automation in Web3 Systems

Atua AI Introduces Adaptive Pipelines for Scalable Automation in Web3 Systems

September 9, 2025

Press Release

NewBitcoin Ecosystem: A Second Chance to Mine Bitcoin with Community-Driven Innovation

NewBitcoin Ecosystem: A Second Chance to Mine Bitcoin with Community-Driven Innovation

September 5, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News