The gaming-focused Ethereum (ETH) sidechain is integrating with Binance Pay as a means of making it easier for consumers to fund their wallets.
In a new blog post, Ethereum sidechain Ronin (RON) revealed that it is working with the world’s largest cryptocurrency exchange to make it easier to fund Ronin cryptocurrency wallets.
According to Ronin, Binance Pay was chosen because it has a mechanism in place for traders to access funds on Binance and use them outside of cryptocurrency exchanges.
“Over the past few weeks, we’ve seen the question pop up again and again: ‘How do I onboard my funds to Ronin?’ Ethereum Bridge and Ramp’s partners are great places to start, but today we’re introducing another onboarding partner to the Ronin ecosystem: Binance Pay.
With Axie Classic daily active users (DAUs) soaring and Pixels taking the world by storm, this is a great opportunity to let family and friends know that funding their first Ronin wallet has never been easier.”
Launched in 2021 by Sky Mavis, the company behind the decentralized gaming protocol Axie Infinity (AXS), Ronin was created as a scalable solution capable of accommodating millions of daily users.
However, this protocol was exploited in March 2022 by the Lazarus Group, a hacking organization linked to the North Korean government, with 173,600 ETH worth $600 million at the time and $25.5 million USDC.
In February, Norwegian authorities seized approximately $6 million worth of digital assets stolen in the attack, the largest cryptocurrency seizure by Norwegian police at the time.
At the time of writing, RON is trading at $1.09, up 2.77% in the last 24 hours.
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