Rubles aren’t worth as much as they used to because of international sanctions against Russia. Right now, they’re worth less than a Robux. That’s bad news for the ruble because Robux is mostly used by kids who play video games.
When your kids play Roblox, they think it looks like Minecraft, but it’s not. It has been around for more than a decade. With more than 100 million active players, it’s gone from a trend to a phenomenon. This is because there were a lot of at-home gamers during the virus. This virtual currency, which can be turned into real money, is now worth $.0125, which is more than the ruble of Russia.
At the time of this writing, a cent will buy you not one, but five Robux. Price is based on the smallest amount of Robux that can be bought from the developer: $4.99 for 400 Robux (the value of individual Robux diminishes if you buy in bulk or get it from sketchy third-party gold farmers). Robux can be won in games and used to buy real money. At least a few Roblox gamers and creators can make enough money to live on for a full-time job.
Following Russia’s invasion of Ukraine last week, the entire range of international sanctions were put in place this weekend, causing Russia’s economy to be thrown into chaos. Russia’s already-shaky markets are on the verge of collapsing because Russian banks aren’t allowed to do business with the outside world. This has happened over the last few days. The ruble has lost about 30% of its value against the US dollar. This is what it was worth a week ago: $.013, or one ruble to the penny. It’s now $.010.
When the 30% cash-out fee is taken into account, Robux and rubles are about the same value. If Russia keeps taking over Ukraine, it will be a disaster. If the rest of the world keeps putting sanctions on Russia, a currency for a kids’ video game may soon be a better investment.