OmiseGO
$1.57 0.48%
OMG · 6d

Isn’t this what OMG was supposed do first?

A few days ago, we announced a cross-promotion between Binance and Zombie Battleground that included a $10,000 BNB giveaway.

This promotion required adding some additional functionality to Loom PlasmaChain, where the Zombie Battleground card pack purchase contract lives:

The ability to deposit BNB tokens from Ethereum mainnet to PlasmaChain, and withdraw them back to mainnet; The ability to accept BNB as a currency for payments on Layer 2; and Most importantly, the whole experience had to feel seamless to a user who only has an Ethereum account and has never interacted with PlasmaChain before — i.e. users should be able to check out with only a MetaMask account, and the experience should feel as silky smooth as if they were interacting with any normal Ethereum smart contract. PlasmaChain support for the top 100 ERC20 tokens

Since BNB is an ERC20 token, adding support for one token on PlasmaChain meant we were easily able to abstract the logic and apply it to any ERC20 token.

So we figured, why not just add 100 of them?

As of now, we’ve officially added support for the top 100 ERC20 tokens by market cap on PlasmaChain.

Possibly most importantly, included in these top 100 ERC20 tokens are six major stablecoins: Coinbase/Circle’s USD Coin (USDC), TrustToken’s TrueUSD (TUSD), Maker Dai (DAI), Paxos Standard Token (PAX), Gemini Dollar (GUSD), and STASIS EURS (EURS).

For those who have been following our recent Binance promotion, you can go ahead and try it in action yourself — the 5 USD stablecoins have now been enabled as payment methods for card packs on our Binance promotion page.

The Significance of Stablecoins

Kyle Torpey recently wrote that Bitcoin is processing fewer payments per month than it was in 2016.

It’s becoming pretty clear as time goes on that most cryptocurrencies are unlikely to be used as “digital cash” for online payments.

The major cryptos, like ETH and BTC, do offer a number of s...

Continue on medium.com
Recent news