Bitcoin Value Jumps After Zynga Mention

Virtual currency Bitcoin jumped to over $1,000 once again after social games maker Zynga said that it would use the currency as a payment option for its various games.

The virtual currency's value has been highly volatile in recent weeks; in November it peaked at $1,250, but fell sharply to $421 in December after China restricted trade. As of this morning a single Bitcoin was trading at $1,030 on MTGox, one of the virtual currency's major exchanges.

Zynga, the store for Ouya, and the Humble Bundle currently accept Bitcoins. There are currently an estimated 11 million Bitcoins in existence.

Zynga said it had teamed up with BitPay, a Bitcoin payment service, to allow users to purchase virtual goods in some of its games using the currency.

"In response to Bitcoin's rise in popularity around the world, Zynga, with help from BitPay, is testing expanded payment options for players to make in-game purchases using Bitcoin," the firm said in a post on Reddit.

Source: BBC

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