GameStop considers supporting cryptocurrency payments in trading cards and collectibles business

Odaily Planet Daily reported that GameStop CEO Ryan Cohen stated in an interview with CNBC's "Squawk Box" that due to rising costs, the company is adjusting its strategy by reducing its reliance on hardware and shifting its focus to trading cards and collectibles. He also mentioned that these products may be available for purchase with cryptocurrency in the future. Cohen said there is an opportunity to use cryptocurrency to buy trading cards and that the company will monitor actual demand. He believes, "Beyond investment, cryptocurrency also serves as a hedge against inflation, which is currently its greatest demand. Using cryptocurrency in transactions is both an opportunity and a key focus for the company." Cohen added that while there are opportunities to use cryptocurrency in this field, GameStop has not yet selected a specific token and will consider all cryptocurrencies. (Cointelegraph)