Impact on XRP price as Roblox refutes integration rumors

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Top Highlights

• BitPay, in which the cryptocurrency payments platform said that Roblox (NYSE: RBLX) would introduce support for crypto payments – specifically XRP – the gaming platform quickly refuted these claims,

• XRP briefly soared to over $0.50 on October 16, around the time of the original post, which claimed that users could begin using the crypto for Xsolla payments in supported games, including Roblox and Smite

• “Xsolla now accepts XRP with BitPay as a payment method for their games such as Smite and Roblox. (…) You can use your favorite cryptocurrency to buy, play, and enjoy gaming like never before.”

• Roblox soon denied any claims that it plans to integrate XRP

• first in a response to the original X post by BitPay and later for crypto media, stating that the information was “inaccurate.”

• Roblox does not enable cryptocurrencies like XRP or Bitcoin (BTC) as a payment method, noting that BitPay had removed the post due to incorrect information.

• several hours following the revelation of the misinformation shared in the BitPay post, the XRP price started to decline and returned to its pre-announcement amount in the area of around $0.4915, as the chart data indicates.

• BitPay CMO Bill Zielke said that “there was an error in the tweet” and announced “more tweets about merchants accepting crypto in the near future,” urging those interested to “stay tuned.”