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FinTech And Gaming – Hamoth In The Hotseat

by on December 18, 2015

There are many correlations to be drawn between the FinTech and gaming industries. No one ever assumed playing video games could become so lucrative anytime soon, yet it has transformed the lives of many people in recent years. I had a chance to interview video game enthusiast and Twitch streamer Hamoth and poke his brain on how FinTech and gaming are intertwined.

Also read: FinTech and Gaming – Youtube Gaming Lacks Monetization

Meet Hamoth – Youtuber And Twitch Streamer

JP: You have been a gamer for quite some time now, including an occasional stream on Twitch.tv. How has the platform been for you so far? What do you like or dislike about the current Twitch.tv platform?

Hamoth: I really like Twitch.tv – It’s a very well made stream hosting website (with the occasional dips in performance, mostly due to overwhelming viewers) that in recent times have expanded its categories of what you can actually stream on the website. It used to be strictly video games, and then they moved onto gaming podcasting/talk-shows, and now you can stream art in many forms, from music to canvas painting. For now, I think I’ll stick to playing games tho haha! Interaction with chatters is great. There are bits of the twitch community as a whole who are absolutely atrocious, but no community is complete without a few village fools.

JP: As a “smaller” streamer, do you find it annoying that people cannot subscribe to your channel directly unless you reach a larger audience?

Hamoth: I’m not really concerned with a subscription service applied to my channel yet. I’m a small-time streamer, and I do it for fun. I’ve been making gaming videos on Youtube before Twitch since 2010, and I’ve kept doing so until this very day. Earning money off what you love to do is always a dream of many people, including me, but I’m quite happy just making videos and streaming for the fun of it!

JP: Twitch is quite known for offering a variety of payment methods,  although PayPal is the only option to make direct donations to streamers. Are there alternative payment methods (for donations) that you would love to see added to Twitch.tv in the future?

Hamoth: I’m not caught up with the whole payment methods being restricted or allowed, but I’m quite happy with PayPal as a base, and services such as Twitchalerts that ease the transition between donor and streamer. Speaking of which I’ve always thought donation is a funny word. Usually, that term is used for charities and such. I like the term tip more, but now I’m just ranting.

JP: (How) are you planning to grow your Twitch channel in the next few months? And what role will donations and other contributions play in these plans?

Hamoth: In the coming months I really just plan to focus on playing games that I love. I think that in the long run its more important to do what you personally love to do, and the viewers and chatters will catch onto the fact that I’m not streaming or making videos to become big, but to share a genuine experience of games I love with other people. Then again maybe I should just play League of Legends and scream a lot. That might work too! As for donations and contributions, I have no grand schemes or plans for them. I currently have my PayPal, and my Patreon I set up recently for things of that nature!

JP: In real life, which payment methods do you find yourself using most often in Sweden? Are you still using cash, plastic cards, or anything else? Are there any alternative payment methods you hope to see gain more traction?

Hamoth: As a Swedish man, I trade in pelts and bronze. Nah, credit card/plastic card is my preferred way. It’s more convenient to me than handling bills and coins. The government may track my every move and put me on some sort of list, but hey that’s the price of convenience (and my laziness)! As for future payment methods? A chip in the side of my head would be cool, where I just have to think about paying for something, and it goes through. Then again, that could be problematic on a night out at the pub.

JP: Have you been using other game streaming platforms in recent months, either as a streamer or viewer? Would you like to share your experiences?

Hamoth: I watched a friend on Hitbox.tv a while back, and that service seemed pretty neat. He went over there to stream because of some strange complications with Twitch.tv. That all got resolved though and he came back to Twitch.tv but has recently stopped streaming due to studies. Other than that I used to watch Justin.tv before it became Twitch.tv, but never on a regular basis. I also watched a bit of livestream.com back when it was Justin.tv’s main competitor, and it’s been so long I can’t remember the experience. Youtube has been my main viewing and creator website.

JP: Is there anything else you would like to tell the audience in regards to financial technology, payment methods, or anything else that is on your mind?

Hamoth:  I’m not hugely involved in financial technology. But what I do love is the relatively recent uprising of website like Patreon.com where fans and viewers can pool their money together and tip content creators, streamers and all manner of online entertainers and beyond. Many times websites such as that actually end up paying the person much more than they would ever earn by advertisements on Youtube and such websites.

While tipping from fans is an important part to keep certain content creators making more content, it is just as important for the content creators to deliver on their promises and not take such a grand gesture of generosity for granted. Another great way to earn a living from this business is sponsorship and promotional material. I believe that sponsorship and promotions are not bad things inherently, if they’re handled well. Transparency is very important, especially for promotional content.

If you are paid by a company to promote their product, be it a video game or perhaps computer parts, it’s very important to let your viewers know upfront that it is a paid promotion. You don’t want end up in a situation where you do promotional material without telling anyone about it. People will find out, and your credibility and opinions on those products will be disregarded as bias due to the monetary involvement. It also colours your viewers opinion of you in the future, where they cannot trust your word or opinion anymore.

I haven’t been involved in any of this myself, but I’ve been on Youtube and twitch long enough, as a viewer myself, to have seen this in motion, I think a lot of us have. Transparency and honesty goes a long way, especially on the internet where everything we say or do becomes public, and available forever.

Follow Hamoth online Twitter / Youtube / Twitch

I would like to thank Hamoth for taking the time to answer my questions, and share his vision with the Fintechist readers. If you want to see more of these types of interviews, let us know in the comments below!

Header image courtesy of Shutterstock

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  • Exodus
    December 18, 2015 at 9:01 pm

    There’s one thing in this interview that I’d like to chime in on, and that is the statement that Twitch is a well-made streaming platform – because it really is not.

    Sure, their platform is considered the best solely due to how many users there are. But that’s only because it never really had any competition. Twitch has so many performance issues with their streams, that services such as Hitbox makes Twitch look like amateurs.

    Watching an American friend of mine stream(I live in Europe) there is a delay of around 25-30 seconds, along with frequent stuttering. And this is at a 720p resolution(down-scaled) streaming at around 2200kbps @ 30 FPS.

    Yet, when he streams over at Hitbox, I can watch 60 FPS 1080p gameplay with a delay of what seems to be around 2 seconds. Chatting with people on Hitbox is like realtime interaction. The difference is TREMENDOUS and the only thing Hitbox really is lacking, is the amount of users.

    But given just how much superior their platform is in quite literally every way, I’m hoping people will start to migrate to Hitbox instead. It’s really hard for smaller streamers to get into streaming when their stream is constantly brought down to an unwatchable level due to Twitch’s poorly made platform.

    Not to mention you can get instant partnership over at Hitbox no matter how small or big of a streamer you are. I had hoped Twitch would realize just how far behind they are in terms of technology, but they’re still as blind and incredibly ignorant as they have always been.

    Then again, this is what happens with you have monopoly over something.


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