- Enjin Wallet adds support to two Binance products, one left
- Enjin Partners CoinSwitch and FIO
After a pre-notification that Enjin wallet will soon add support Binance Chain, Binance Coin (BNB) and Binance DEX, the Singapore based information technology gaming platform today announced that Enjin Wallet has successfully implemented two of the supports (Binance Chain, Binance Coin) while its looks forward to the integration of Binance DEX.
According to a medium post tagged “Enjin Wallet Update,” the latest development will allow users manage and monitor infinite Binance Chain addresses as well as the Binance Coin (BNB) without departing the Enjin Wallet’s secured interface. The same thing would be applicable for Binance DEX when its support is implemented.
The much anticipated peer-to-peer distributed and decentralized market place for digital assets trade, Binance DEX, recently went live with series of features dedicated to handing in security and freedom for people.
What To Expect After Adding Support For Binance
Subsequently, there have been reports that cryptocurrencies that pledged support for the newly released DEX chain are witnessing price hike.
Mithril (MITH) was the first project to get token migration on Binance Chain. Binance CEO, Changpeng Zhao said: “MITH will be one of the first projects to migrate tokens onto Binance_DEX. Our community, thank you for your support!”
Afterwards, Binance Exchange also announced the addition of MITH to its platform with USD trading pairs. The resultant effect of all these was a 69% price surge Mithril (MITH) witnessed within 24 hours.
Red Pulse (PHX) price also spiked by 20% following an announcement that it will migrate to Binance’s blockchain.
While Enjin coin similarly saw significant price rise following the announcement that Enjin Wallet would be adding support for Binance, the full implementation of the support has been envisioned to rocket the price of the altcoin more, especially at the moment when most coins are showing signs of recovery.
Enjin Partners CoinSwitch
Yesterday, CoinSwitch, a crypto exchange aggregation platform, announced the inking of a partnership deal with Enjin, with the aim of developing a Unity-based payment gateway, giving users the ability to exchange crypto assets within the Enjin wallet app.
This was preceded by an update on Enjin – Foundation for Interwallet Operability (FIO) connection. Enjin declared that it joined FIO to help enhance the usability of crypto assets.
Enjin is making great moves to secure standardized adoption for virtual currency, and the moves are practically materializing.