Cryptocurrency aggregate exchange CoinSwitch announced on Monday a strategic partnership with Enjin, the blockchain game development platform and wallet.
The partnership brings with it a slew of collaborative developments between the two platforms. First and foremost; Enjin Wallet users will be able to swap coins via CoinSwitch within the Enjin Wallet app, giving users access to over 300 coins and 45,000 trading pairs provided by the exchange.
Next, CoinSwitch have launched a blockchain explorer, powered by EnjinX, which will allow their users to verify their CoinSwitch transactions in real time. At present, the explorer only supports Ethereum blocks and transactions—including all Ethereum-based tokens and assets—but Enjin plan on implementing support for other blockchains in the future.
Furthermore, the partnership will result in the development of a crypto payment gateway, allowing developers to accept any cryptocurrency listed on the CoinSwitch exchange for purchases of in-game assets. The exchange will then automatically convert these into Enjin Coin (ENJ), the native token for the Enjin Platform, which can then be sold, or used by developers to create blockchain-based assets within Enjin.
Speaking in a press release, Enjin CEO Maxim Blagov revealed:
“CoinSwitch is an extremely innovative company that has successfully created one of the industry’s most robust cryptocurrency trading platforms. We are working together to provide increased utility for all of the cryptocurrencies they support, meanwhile further streamlining the adoption process for the increasing numbers of developers jumping onto the Enjin Platform. ”
Enjin have positioned themselves at the forefront of blockchain game development and adoption. Through its Blockchain SDK for Unity and Enjin Platform releases, the team at Enjin have opened the doors for developers to create blockchain-powered games and economies without writing any blockchain code.
In recent weeks, Enjin have been making strides towards interoperability between blockchains. They recently joined the Foundation for Interwallet Operability to accelerate the adoption of blockchain gaming, and have announced their intention to fully support Binance Chain.
Indeed, the plethora of coins, networks, tokens, and assets that developers are faced with when considering working with cryptocurrency is nothing short of overwhelming. For blockchain technology—and by extension, blockchain gaming—to achieve mainstream adoption, some level of interoperability and streamlining must take place.