Enjin Wallet Plans Its Expansion, Opens Up Wallet To Chinese Users

Jyoti  |  Apr 16, 2020

The blockchain gaming platform Enjin is planning to expand its business into the Asian nations, therefore, recently, it has opened up its wallet facility for the Chinese users. 

Chinese Certification to Enjin

While making an announcement on April 13, 2020, the blockchain gaming platform said that China has certified and given compliance to its wallet so that Chinese users could now trade the Enjin Coin (ENJ).

The company has also mentioned that the Ministry of Industry and Information Technology (MIIT) has given approval to the infrastructure that would be running the services of Enjin wallet and its product.

The vice president of marketing and operations at Enjin, Bryana Kortendick, said, “The wallet app itself complies with all local laws and regulations set forth by the Chinese government and communicates with the ... compliant licensed infrastructure”.

Wallet Supports ENS

The wallet has been adjusted so that it could include the changes regarding sending and receiving fund by the users. Now, it would be easy for the users to remember the wallet address because after the changes the wallet supports the Ethereum Name Service (ENS).

Enjin Wallet was launched in the year 2018, but in the year 2019, when collaborated with Samsung the tech giant, it came in limelight.

After the partnership, Enjin Wallet featured in Blockchain Keystore of Samsung and that helped a lot in increasing the price of Enjin Coin (ENJ) by over 70 percent.

Later, it collaborated with Microsoft too on a scheme regarding crypto collectable rewards which were granted to the members of the Azure community.

According to a report, while making a transaction Enjin Wallet could now not only send but also could melt up to 100 distinct fungible and non-fungible ERC-1155 blockchain tokens.

Melting meant destroying unused ERC-1155 blockchain assets collection, which is present in the exchange for the ENJ tokens.

Earlier, only the developers could transfer the multiple tokens at a time but now the wallet users could also have access to it.

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