Bidali, Canada’s first regulated crypto-payment processor and online gift card retailer, has announced the integration of Enjin Coin (ENJ) as a method of payment across their ecosystem, in a move to offer seamless liquidity and real-time payments to gamers.
Now, any online merchant utilizing Bidali’s out-of-the-box online payment software can accept Enjin Coin with ease. As well as offering platforms and blockchain companies easier ways to enable their users to convert their cryptocurrency to something more usable, online retailers that accept ENJ through Bidali’s payment gateway will also have the option to be paid out in local fiat currency, with their taxes and conversion rates calculated automatically by Bidali’s software.
Bidali is actively building relationships with gaming companies across the world with the goal of bringing more mainstream attention to the blockchain community, popularizing cryptocurrency as a payment method, and supporting adoption of blockchain-based technologies.
“Enjin Coin is a fast-moving project with an amazing team and community,” said Bidali CEO Eric Kryski. “Their ERC-1155 proposal is a great evolution within the Ethereum token specifications that we feel will undoubtedly increase adoption of blockchain within gaming. 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 are now also able to pay with ENJ on Bidali’s online gift card store, where they can purchase a wide variety of gift cards from popular brands such as Amazon, iTunes, Google Play, Xbox, Playstation, Game Stop and more than 100 other household names.
This layer of added liquidity is the next step towards bringing utility to digital goods outside of games. Gamers can now cash in their rewards for ENJ which can be used to purchase anything from electronics and games to pet food and airline tickets. This also offers game studios next-generation digital currency payments without dealing with the volatility or accounting issues that traditionally accompany cryptocurrencies.
Holders of Enjin Coin and players who earn ENJ from playing games or selling their gaming items can now purchase real-world products via the Bidali gift card store and any other online retailer that uses Bidali's payment gateway to accept Enjin Coin. This provides a fast option to access goods earned from gaming, delivering a level of gaming asset liquidity the games market has never before seen. The recently launched store allows customers to purchase a wide variety of gift cards from popular brands such as Amazon, iTunes, Google Play, and more than 100 other household names.
"Bidali are on the cutting edge of crypto payments. This ambitious team is creating a payment and accounting system that makes it very easy for any online business to accept crypto and receive fiat,” said Enjin CEO Maxim Blagov. “For them to kick-start this process by offering gift cards that enable users to purchase goods directly from their favorite brands using Enjin Coin and other cryptocurrencies is a testament to their innovative approach.”