Binance Pay and Ronin: A Strategic Alliance for the Future of Blockchain Gaming

The recent integration of Binance Pay into the Ronin wallet mobile app is a significant milestone in the cryptocurrency space, opening a new chapter for users in fund management and crypto gaming. This innovation allows users to transfer funds directly from their Binance accounts, simplifying the process and increasing efficiency.

At the time of publication, the price of RON was quoted at US$1.14, up 6% in the last 24 hours.

Ronin, known for operating as an Ethereum sidechain network, is focused on crypto gaming. Integration with Binance Pay adds a new dimension to this ecosystem, making it easy to convert popular cryptocurrencies like Bitcoin and Ethereum into Axie Infinity’s AXS and SLP tokens. Despite the progress, it is notable that Binance still does not list the platform’s main token, RON, which leads users to look for decentralized exchanges to acquire it.

Ronin Wallet x @binance Pay ⚔️

• Deposit from Binance via mobile Ronin wallet
• Auto-convert BTC, ETH, and more into AXS, SLP, and USDC on Ronin
• AMA on Spaces with the Binance Pay team next week (more details coming soon)

Learn more here 👇

📜 | https://t.co/qP8dKO9mh9 pic.twitter.com/xOaF5yNiJi

— Ronin (@Ronin_Network) December 1, 2023

The collaboration with Binance Pay comes at a crucial time for Binance, whose CEO, Changpeng “CZ” Zhao, recently announced plans to plead guilty to money laundering charges and resign from his position. Richard Teng will take over as the new CEO. In response, there was a significant withdrawal of funds from the exchange, with more than US$1 billion being moved by users.

In the context of the United States, where Binance is restricting its services, the integration of Binance Pay with the Ronin wallet gains even more importance, especially for mobile users outside the US. In parallel, Ronin has seen an increase in active users, driven in part by the success of the game Pixels, a browser-based MMORPG that recently migrated to the Ronin blockchain.

Pixels, despite the challenges faced with bots, recorded impressive NFT land sales, reaching nearly $2 million in 1,300 transactions. The game also demonstrated a significant number of daily active wallets, with statistics provided by sources such as CryptoSlam and DappRadar, as well as commentary from Ronin co-founder Jeffrey “Jiho” Zirlin.

The partnership between Ronin and Binance Pay, in addition to improving users’ technical experience, highlights the growth and popularity of blockchain technology in various sectors, going beyond traditional financial transactions.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.