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Bitcoin’s value grows

The value of Bitcoin has again topped $1,000 (€743.4) after social gaming company Zynga announced it would start accepting the virtual currency as a payment option for gamers that buy tokens for virtual goods.

According to the BBC, the move from Zynga comes shortly after Android-based video games console-maker Ouya began accepting Bitcoin payments last month.

The Humble Bumble organisation that sells a changing selection of indie games also began accepting the virtual currency in 2013.

The Zynga Bitcoin test will be available on the online versions of social games FarmVille 2, CastleVille, ChefVille, CoasterVille, Hidden Chronicles, Hidden Shadows and CityVille.

The test, which was announced by Twitter on Reddit, will be run in partnership with Bitplay, a start-up company backed by the likes of the Founders Fund and Li Ka-shing.

The news will come as a boost to Bitcoin users as although the virtual currency’s popularity has been rising, its value has been highly volatile in recent weeks.

As reported by iGaming Business, Bitcoin’s value slumped in December after reports emerged that China had taken action to restrict trading of the virtual currency.

The value of Bitcoin had peaked at $1,250 just one month earlier.