Over 2.2 Million Businesses and users can now accept $TRX as a payment method! This huge step toward cryptocurrency adoption will support #TRON rapid growth and offer more freedom to the #TRX holders! @CoinPaymentsNET @tronfoundation https://t.co/gY2GY6V4VF
— Justin Sun (@justinsuntron) August 23, 2018
The adoption of TRON’s TRX has seen a huge boost recently with a new listing on the Coinpayments platform that will allow for the spending of TRON TRX across a network of over 2.2 million businesses. Okay, so this doesn’t mean TRON is about to be accepted on Amazon, but 2.2 million new venues through which TRX can be used is quite a big deal, isn’t it?
What is Coinpayments?
Coinpayments.net is a payment processor that allows retailers to accept payments in cryptocurrencies. As well as Bitcoin, there are over 600 altcoins available through Coinpayments, with TRX being the latest edition. According to the Coinpayments website:
“CoinPayments is a payment processor that allows merchants to accept Bitcoin and over 600 altcoins in their store through easy to use plugins, APIs and POS interfaces. With over 2,000,000 vendors across 182 countries around the world, CoinPayments.net is most comprehensive multi-cryptocurrency platform available online. CoinPayments got its start back in 2013, when it became the first payment processor to support altcoins. At that time no one else in the industry was offering support for cryptocurrencies outside of Bitcoin, so CoinPayments seized the opportunity to create a multi-currency wallet and payment processing solution. Since then CoinPayments has expanded to support over 600 different digital currencies and are constantly adding more.”
“CoinPayments strives to be at the forefront of the emerging cryptocurrency market by dynamically adapting to changing conditions and staying true to their roots of supporting bitcoin and the many other cryptocurrencies in the market. As CoinPayments continues down this path to the future of finance, they will continue to cultivate this brilliant technology and usher in a new era of decentralized banking.”
It’s big news for cryptocurrency adoption on a global scale.
By giving TRX a new use value, we can only see the Coinpayments listing having a very positive impact on TRX, a currency that otherwise has struggled recently after seeing a number of huge changes to its markup, within a heavy correction and deep bear market. As the markets start to level back out, we do expect TRX to start to pull in some value, announcements such as this one will only help the value of TRX along too.
The announcement seems to have had a positive impact on TRX already, at the time of writing TRX is valued at $0.021, up 6.39%. With the launch of a new TRON virtual machine on the horizon, it seems that the TRON Foundation are starting to pick up pace once again. After a quiet few months, this is sure to be a welcome change for TRON investors.