SBI esports, a subsidiary of Japanese monetary companies conglomerate SBI Group, introduced that its esports gamers would obtain salaries in Ripple (XRP) going ahead as a part of a sponsorship cope with enterprise capital agency, VC Commerce.

Based on the official announcement, participant salaries will likely be paid by way of crypto as a substitute of fiat with a purpose to strengthen the corporate’s presence amongst esports gamers who additionally use digital currencies.

SBI esports, which is a long-time Ripple accomplice, stated that this sponsorship deal is a option to diversify its portfolio throughout the blockchain business. Their aim is to “create and nurture a wholesome market primarily based on customer-centricity, enhance costs, and develop liquidity.”

As of press time, XRP holds a market capitalization of $10,827,898,158, making it the fourth largest crypto within the class of market cap, in line with CoinMarketCap.

Again in 2019, Ripple’s developer ecosystem, Challenge Xpring, and the game-centric blockchain platform, Forte, collectively established a $100 million fund to assist recreation builders.

Mac Ocampo, head of progress at blockchain leisure studio Nearly Human Studio, beforehand lamented to Cointelegraph that “not all avid gamers are crypto merchants, and never all crypto merchants are avid gamers” — one thing he felt was a significant problem confronted by the gaming business.