The crypto industry has once again witnessed the spread of false information, with gaming giant Roblox finding itself at the center of a recent controversy. Reports emerged earlier this week claiming that Roblox had started accepting XRP payments, but the popular gaming platform has publicly denied these claims.

Roblox Sets the Record Straight:

Roblox, an online gaming platform and creation system, has categorically denied any statements suggesting its support for XRP payments or any other cryptocurrency-related payment methods. A representative from the video game company confirmed to Decrypt that the reports regarding crypto payment integration were entirely inaccurate and simply false.

The Origin of Misinformation:

The rumors gained momentum when Bitcoin payment service provider Bitpay posted on X, formerly known as Twitter, mentioning that Xsolla, a video game company, had begun accepting cryptocurrency payments, including XRP. In this now-deleted post, Bitpay also tagged several gaming companies, including Roblox and SMITE, which led to speculations of Roblox integrating XRP payments on its platform.

BitPay Retracts Announcement:

BitPay swiftly retracted its initial announcement. However, the misinformation had already spread across various networks and found its place in numerous news outlets, creating confusion in the crypto community.

Roblox’s Current Payment Methods:

Despite the rumors, Roblox currently maintains its primary payment methods, which include debit and credit cards, as well as Roblox Gift cards. The highly popular gaming company has explicitly stated that it does not support or accept any form of cryptocurrency payment, including Bitcoin.

A Week of Crypto Fake News:

The crypto industry experienced a tumultuous start to the week as it became inundated with fake news and misinformation. Most of these reports lacked credibility and remained unverified. One notable instance was the widespread distribution of a fake report regarding the United States Securities and Exchange Commission (SEC) approving BlackRock’s Bitcoin ETF. This news led Bitcoin to witness a price rally.

SEC’s Warning and a Lawyer’s Disagreement:

The SEC promptly refuted these claims and cautioned the public against relying on unverified information. However, John E. Deaton, a lawyer associated with Ripple, openly contested the SEC’s statement. Deaton urged individuals to seek information from independent judges, whom he considered a more reliable source when it comes to news concerning the regulatory body.

Putting Trust in Independent Judges:

In his public statement, Deaton emphasized the importance of considering judges as an oversight and a check on the SEC, urging people to form their opinion of the regulatory body based on the judiciary rather than solely relying on the SEC for accurate information.

The crypto industry continues to face its fair share of false news and misinformation. Roblox, the renowned online gaming platform, has firmly denied any claims of supporting XRP payments or other cryptocurrency-related payment methods. As the industry navigates these challenges, it is essential for individuals to remain vigilant and verify information from reliable sources before drawing conclusions.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The NFT and cryptocurrency market is highly volatile, and readers should conduct thorough research before making any investment decisions.