The mood and feel in the crypto-verse this Friday the 24th of August is one of optimism as the SEC announced that it was reviewing all 9 Bitcoin backed ETF denials. The nine ETFs by ProShares, Direxion, and GraniteShares were rejected yesterday due to concerns about volatility and lack of a ‘significant size’ markets to back the ETFs. By reviewing the denials, the SEC is hinting at the possibility of approving at least one ETF some time in the future.
TRX Accessible to over 2.2 Million Businesses and Users
To add to the above optimism, our favorite digital asset of Tron (TRX) is now available to over 2.2 Million Businesses and users as a payment method through the CoinPayments platform. Justin Sun made the announcement a few hours ago via twitter as can be seen below.
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
On the CoinPayments blog, a brief history of TRX and its use as a payment option has been given further showing their enthusiasm about the project and coin:
TRON (TRX) is currently one of the world’s top cryptocurrencies based on market cap. TRX can be used to purchase products and services both online and offline, fund projects, and much more!
Consumers can use TRX to pay for content, and these tokens will go to the content producers’ accounts, where they can be exchanged with other cryptocurrencies, fiat currencies (Dollar, Euro, etc.) or used to pay for other goods and services.
The CoinPayments platform has gone ahead and also explained why they chose TRX.
TRX is currently accepted in many marketplaces online and offline. Enabling TRX acceptance at an early stage will help merchants reach a vibrant community eager to use TRON tokens.
Following TRON Mainnet and their recent acquisition of BitTorrent, why not get a head start in accumulating coins by accepting TRON (TRX) payments in your store today!
About CoinPayments
CoinPayments is the first and largest payment processor of over 895 cryptocurrencies. The payment processor serves over 2,228,000 vendors across 182 different countries. The platform can also facilitate fiat settlements, coin conversions and a vault to store your coins. There is also a multi-coin wallet and Point of Sale (POS) interface for store transactions.
Current Market Analysis of TRX Ahead of Virtual Machine Integration
TRX is currently trading at $0.021 and up 5.1% in the last 24 hours. The project also has an important event that is less than a week away and on the 30th of August. This event is the final integration of the official Tron Virtual Machine into the Mainnet making Dapp creation a possibility for developers on the network.
