GameStop CEO Ryan Cohen has recently hinted that the video game retailer could soon allow customers to purchase trading cards using cryptocurrency.
Speaking with CNBC’s Squawk Box on Tuesday, Cohen revealed that GameStop is reducing its dependence on hardware sales amid rising costs. The company plans to focus on trading cards and collectibles, potentially accepting crypto payments in the future.
The executive added that the company will observe actual demand before fully committing. GameStop has yet to decide which cryptocurrencies it will accept, with Cohen stating, “We’re going to look at all cryptocurrencies.”
Notably, the retailer previously launched an NFT marketplace, which was shut down in January 2024 due to regulatory uncertainties.
On May 28, GameStop disclosed it had purchased 4,710 Bitcoin
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