Coins.ph plugs Axie Infinity sidechain wallet into its app

Coins.ph, a Philippine digital financial services major, has integrated Ronin – an Ethereum sidechain from Sky Mavis that was created for play-to-earn game Axie Infinity – into its platform.

Axie Infinity / Photo credit: Emfarsis Consulting

Coins.ph launched the service on February 28, offering lower fees and faster transactions by using Ronin to deposit AXS and SLP, the two main tokens used in Axie Infinity.

Players can now move their in-game currency to their Coins.ph wallets through its mobile apps as well as its web platform. The fintech firm also said that it’s working on added support for transfers of AXS and SLP tokens from Coins.ph wallets to Ronin accounts.

According to Coins.ph, the integration with Ronin has been in the works since it added AXS and SLP to its platform last December. The company said that the move is part of its efforts to build on the foundation of the play-to-earn ecosystem.

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Coins.ph allows users to send, receive, and withdraw cash as well as invest in cryptocurrencies. In 2019, it was acquired by Gojek in a US$72 million deal.