Riot Games Announces Major Price Hikes for Virtual Currency, Some Regions See Over 70% Increase

September 4, 2024
Riot Games Announces Major Price Hikes for Virtual Currency, Some Regions See Over 70% Increase
  • Riot Games is set to implement significant price changes for its virtual currency across various regions, with some countries facing increases of over 70%.

  • These adjustments will take effect on September 18, 2024, impacting all five of Riot Games' live titles: League of Legends, Teamfight Tactics, Legends of Runeterra, Valorant, and League of Legends: Wild Rift.

  • While Riot acknowledges the difficulty these changes may pose for players, they believe the adjustments are necessary to prevent exploitation through methods like VPNs.

  • The company explains that these price adjustments are driven by fluctuations in exchange rates and local economic conditions.

  • Riot aims to create a more balanced pricing system across regions to combat manipulation and ensure fairness among players.

  • Notable increases include 73% in Ukraine, 41% in Vietnam, and 40% in the Philippines, while some regions, like Colombia, will see a 16% drop in pricing.

  • In the Americas, Brazil will experience a 14% increase, while Canada will not see any changes.

  • In Asia-Pacific, Taiwan's price adjustments will go live on October 4, 2024, and Korea's on September 23, 2024.

  • As part of the changes, Riot is enhancing certain currency bundles, such as increasing the bonus for Valorant's 2050 VP bundle from 150 to 300 VP.

  • Riot expressed understanding of the challenges these increases pose for players, emphasizing the necessity of adjustments for fairness.

  • The company noted that a significant portion of currency purchases in some regions are made by third parties or players from outside those regions.

  • In regions experiencing price increases, Riot is temporarily offering extra bonus VP with in-client purchases until the price updates take effect.

Summary based on 4 sources


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