Japan-based internet services titan GMO Internet Inc. unveiled plans to debut a bitcoin-based application for in-game rewards in August of this year.

The application, called CryptoChips, will act as a way of rewarding players who reach a certain achievement or milestone, will launch with bitcoin support for now.

The application will reportedly be piloted in the GMO-developed game Whimsical War.

An accompanying press release in both English and Japanese had this to add:

“CryptoChips can be mounted on the game application and allows players to receive cryptocurrency as remuneration within the game – like a ‘secret pocket money’ – depending on the players’ rankings or when players have achieved missions or acquired items.”

The move is the latest venture into the cryptocurrency scene for GMO, which already runs its own crypto exchange, mining operation and even pays a portion of staff salaries in Bitcoin.

In March, the company’s exchange promised to improve data security after regulators found its security lacking during cross-industry inspections that came on the heels of January’s $530 million hack of fellow Japanese crypto exchange Coincheck.

Source: Ibinex