Mobile financial services firm Coins.ph has integrated an Ethereum sidechain into its crypto platform. Launched February, users now experience faster transactions by using Ronin to deposit AXS and SLP into their Coins wallet for iOS, Android, and even web platforms.
Ronin is a separate blockchain that runs parallel to Ethereum for full compatibility. It was built by Sky Mavis, the creators of Axie Infinity, to help scale the game due to the challenges of Ethereum Layer 1. Sending assets through Ethereum has become too expensive and slow for managers and scholars to move assets. Coins.ph’s integration with the Ronin network allows users to deposit AXS and SLP to their Coins wallet for minimal fees and faster transaction times.
Since adding AXS and SLP in December, including support for Ronin in the Coins platform has been a top priority to service the Axie community and ecosystem. Scholars and managers across the Philippines will now be able to convert their in-game winnings to PHP and cash out faster and at a lower cost.
To begin receiving AXS and SLP through the Ronin Network, customers simply need to update their Coins.ph app to the latest version. The Coins.ph app is available in the Google Play Store and App Store. Customers must be ID and selfie verified in order to receive AXS and SLP through the Ronin network.
The ability to send AXS and SLP through Ronin directly from the Coins wallet is also coming soon.