Bidali, the first regulated payment encryption processor in Canada and online gift card retailer, today announced the integration of Enjin Coin (ENJ) as a payment method through its own ecosystem, with the goal of providing liquidity uninterrupted and real-time payments to players.
Now, any online merchant who uses Bidali's online payment software can accept Enjin Coin easily. In addition to offering simpler blockchain platforms and companies to allow their users to convert their cryptocurrency into something more usable, online retailers that accept ENJ through the Bidali payment gateway will also have the option of being paid in local fiat currency, with their fees and conversion rates automatically calculated by the Bidali software.
Bidali is actively building relationships with gaming companies all over the world with the aim of bringing more attention to the blockchain community, disclosing cryptocurrency as a payment method and supporting the adoption of blockchain-based technologies.
"Enjin Coin is a rapidly evolving project with an extraordinary team and community," said Bidali CEO Eric Kryski. "Their ERC-1155 proposal is a great evolution within the Ethereum token specification that we believe will undoubtedly increase the adoption of blockchain within the games.We are really excited to connect the Enjin community with brands that resonate and help spread the word about the Enjin ecosystem ".
Holders of Enjin Coin can now pay with ENJ in Bidali's online gift card shop, where they can purchase a wide variety of gift cards from famous brands such as Amazon, iTunes, Google Play, Xbox, Playstation, Game Stop and more. 100 other family names.
This added level of liquidity is the next step to bring utility to digital assets outside of games. Players can now collect rewards for ENJ that can be used to buy anything from electronics and games to pet food and airline tickets. This also offers the next generation of digital currency gaming studies, without addressing the volatility or accounting problems that traditionally accompany cryptocurrencies.
Holders of Enjin Coin and players who earn ENJs by playing or selling their game items can now purchase real products through the Bidali gift shop and any other online retailer who uses the Bidali payment gateway to accept Enjin Coin. This provides a quick option to access the assets earned from games, providing a level of liquidity of gaming activities that the gaming market has never seen before. The recently launched store allows customers to purchase a wide variety of gift cards from famous brands such as Amazon, iTunes, Google Play and more than 100 other family names.
"The bidalies are at the forefront of cryptographic payments.This ambitious team is creating a payment and accounting system that makes it very easy for any online company to accept cryptography and receive fiat," said Enjin CEO Maxim Blagov. "For them, kick off this process by offering gift cards that allow users to purchase goods directly from their favorite brands using Enjin Coin and other cryptocurrencies is a testament to their innovative approach."
Founded in 2009 and based in Singapore, Enjin offers products and solutions to the blockchain and gaming industries. The Enjin Smart Wallet, which has over 500,000 users and a 4.7 out of 5 rating in the Google Play Store, offers over 700 cryptocurrencies, collectable ERC-1155 support and NSA security, making it one of the safest mobile devices portfolios available.