Ronin Crypto Wallet Adds Binance Pay Integration for Direct Fund Import
The developers of the Ronin crypto wallet mobile app have announced the addition of a Binance Pay integration. This new feature allows users to import funds directly from their Binance exchange accounts to their Ronin wallets. Additionally, mobile users can automatically convert cryptocurrencies like Bitcoin and Ethereum into Ronin ecosystem tokens such as AXS and SLP from Axie Infinity.
It’s important to note that the Binance exchange currently does not list Ronin’s main token, RON. Therefore, users will have to purchase it on a decentralized exchange (DEX). However, Binance does list SLP and AXS on its exchange for users in certain countries.
At present, the Binance Pay integration is only available for the Ronin mobile app. Testing the Ronin wallet browser extension on Chrome in the U.S. only shows Ramp or Ronin’s blockchain bridge as options to deposit funds.
Ronin’s Partnership with Binance Pay
Ronin’s partnership with Binance Pay comes shortly after news broke that Binance CEO Changpeng “CZ” Zhao would plead guilty to money laundering charges and step down from his role. Richard Teng has been announced as the new CEO of Binance.
It’s worth mentioning that Binance will no longer be available for customers in the U.S., so Ronin’s Binance Pay integration primarily benefits mobile users outside of the U.S.
Growth and Challenges for Ronin
While Binance has experienced fund withdrawals, Ronin has seen a surge in activity and tripled its active user numbers in early November. Pixels, a browser-based MMORPG that recently migrated to the Ronin blockchain, gained significant interest last month.
Pixels has faced challenges with bot users, but the game achieved nearly $2 million in total NFT land sales across 1,300 transactions. It also recorded daily unique active wallets in the high five to low six figures, according to data from CryptoSlam, DappRadar, and Ronin co-founder Jeffrey “Jiho” Zirlin.
Hot Take: Ronin’s Binance Pay Integration Boosts Wallet Functionality
The addition of Binance Pay integration to the Ronin crypto wallet mobile app enhances its functionality by allowing users to import funds directly from their Binance exchange accounts. This integration also enables automatic conversion of popular cryptocurrencies into Ronin ecosystem tokens. Although Binance does not list Ronin’s main token, users can purchase it on a decentralized exchange. The partnership between Ronin and Binance Pay comes amidst recent upheaval at Binance, with its CEO stepping down and withdrawal of funds by users. With its growing user base and successful migration of games like Pixels to the Ronin blockchain, Ronin is positioning itself as a strong player in the crypto gaming industry.
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