Crypto
Riot Settles $500 Million Credit Debt with Coinbase in Bitcoin
Riot Inc., the company behind the popular online gaming platform Riot Games, has reportedly settled its outstanding credit debt of $500 million in Bitcoin. The news was announced on a recent episode of '24/7 CRYPTOCURRENCY WORLD NEWS' podcast.
The settlement marks an end to a long-standing credit agreement between Riot and Coinbase, one of the largest cryptocurrency exchanges in the world.
No further details about the terms of the settlement have been disclosed. However, the move highlights the growing acceptance of cryptocurrencies as a viable means of settling debts among major companies.