Back to the list

Loom Network (LOOM) To Accept Binance Coin As a Payment Option

15 March 2019 11:30, UTC
Loom Network (LOOM), a blockchain-based ecosystem for developing online games and social network applications, has announced that it will include Binance Coin (BNB) as a payment option.

According to Loom Network’s management, the BNB token will be accepted as payment for applications on the PlasmaChain platform. Following the statement, the additional payment support by BNB will allow decentralized applications (dApps) created in the Loom Network to expand beyond the Ethereum network (ETH) and traditional payment methods (such as credit and debit cards).

James DUFFY, the co-founder and CMO of Loom Network, stated:
“We’re excited to be pushing things forward not only technologically (by integrating ERC20-based payments on a sidechain), but also by injecting a bit more fun and lightheartedness into the space.”

To celebrate the partnership with Binance, Loom Network developers have offered users the opportunity to purchase "collectible Binance-themed Zombie Battleground (ZB) card packs, and get a chance to win $10,000 in BNB prizes."

Image courtesy of Coinpedia