Binance Coin (BNB) To Be Accepted on Loom Networks Gaming Apps – Can $LOOM Reach New Heights?

Binance Coin (BNB) has been on a tear as of late as it blasts through all-time highs in terms of Bitcoin price and enters the realm of price discovery. The coin has been holding up strong despite going parabolic, and it may climb higher still, as there are a lot of positive developments in the works for BNB.

Most recently, BNB is now supported on Loom Network (LOOM) as a payment method, as announced on March 12 via Medium post.

Loom Network and Binance Coin Integration

The Loom Network is essentially a 2nd-layer scaling solution for the Ethereum blockchain that enables Ethereum to host scalable decentralized applications (dapps) and smart contracts on sidechains through the concept of Plasma (also a second-layer scaling solution).

Loom Network has built a blockchain-based ecosystem for the developing of dapps such as online games, social media apps, and more. With the integration of Binances BNB token, the coin will be accepted as payment across applications on Loom Networks PlasmaChain platform.

This initiative was launched via a partnership with Binance, the worlds largest crypto exchange by daily trading volume, and will allow the Loom Network to expand beyond the Ethereum network and traditional payment methods such as debit and credit cards.

Commenting on BNBs integration with Loom Network was James Duffy, the co-founder and chief marketing officer (CMO) at Loom Network, where he said:

Were 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.

Binance Blockchain Gaming Promotion

In celebration of the Binance and Loom Network partnership, the developers of Loom Networks decentralized blockchain-based game, Zombie Battleground, are offering a limited-time opportunity to users.

Binance + Zombie Battleground Special Promotion!

For a limited time, you can purchase collectible Binance-themed ZB card packs, and get a chance to win $10,000 in BNB prizes!

(Not to mention this ultra-rare "Funds are SAFU" trading card ).

Details: https://t.co/iv5UYv9EIP pic.twitter.com/y7un2LbKi3

— Loom Network (@loomnetwork) March 12, 2019

Per the announcement, the promotion says:

Up until now, Zombie Battleground cards have been purchasable in ETH or via credit car ...

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Tags: Loom Network, Binance, Loom, Coin, Blockchain, Bitcoin, Ethereum