Friday, 2024 March 1

Razer CEO Min-Liang Tan says firm is exploring entry into cryptocurrency space

Global lifestyle and gaming firm Razer is “carefully evaluating” a potential entry into cryptocurrencies. 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 digital money space, given the wide reach of its Razer Fintech unit, according to a report by The Business Times.

In a tweet, he said that Razer users are interested in crypto, but the company is “concerned about the impact it has on graphics processing units (GPUs) and the environment.” However, he also mentioned that Razer is exploring it.

In a follow-up tweet, he said that it is “unlikely” that Razer will issue its own cryptocurrency, but he would not rule out the firm accepting one or more of the existing currencies for its hardware and services. He also ran a poll on Twitter, asking his followers if they would be “for, against, or undecided” if there was a cryptocurrency that does not use GPU mining and is environmentally friendly.

He received a total of 1,967 votes, with 71.3% of participants in favor of the idea.

If Razer does commit to Tan’s idea, it will join the ranks of firms like DBS Bank, which recently launched a trust solution for cryptocurrencies via the bank’s wholly owned trust company, DBS Trustee.

This article was originally published by Vulcan Post.

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