The CEO of Razer says he is “exploring” a possible entry into the cryptocurrency space


According to a report by The Business Times, the global gaming and lifestyle firm Razer is “carefully evaluating” a possible entry into the cryptocurrency space.

Min-Liang Tan, CEO of the Hong Kong-listed firm, said in a presentation this week that there is a nascent opportunity for Razer in the cryptographic space, given the scope of its Razer Fintech unit.

In a Twitter post, said Razer users are interested in cryptocurrency, but the company is “concerned about the impact it has on graphics processing units (GPUs) and the environment.”

Screenshot of Twitter from Min-Liang Tan, CEO of Razer

However, he also mentioned that the cryptocurrency space is something Razer is exploring now.

In a follow-up tweet, he said it is “unlikely” that Razer will issue its own digital currency, but would not rule out the company accepting one or more of the other currencies out there for its hardware and services.

He also did a survey on Twitter, asking his followers if they would be “for, against, or undecided” if there was a cryptocurrency that doesn’t use GPU mining and is environmentally friendly.

Screenshot of Twitter from Min-Liang Tan, CEO of Razer

It received a total of 1,967 votes, with 71.3% of participants for the idea.

If Razer goes ahead with its expansion into cryptocurrency, it will join the ranks of companies like DBS Bank, which has has recently launched a trusted solution for cryptocurrencies through the bank’s wholly-owned trust company, DBS Trustee.

Featured Image Credit: Digital Trends

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