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Tron Foundation and ChainLink partnership likely to happen as early as tomorrow

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It’s never true until it happens. Perhaps, that’s what they say, or it is.

However, we’ve often come to learn that whenever the speculation intensifies, most likely but not always, the rumors turn out to be the truth. Today, rumors are carrying the day that Tron (TRX) might be on the verge of brewing a surprise for its ever-expanding community about a possible partnership with smart contracts solution firm ChainLink.

It’s Just Speculation – No Official Confirmation Yet

There’s no denying of the fact that Tron is one of the best in the game when it comes to strategic partnerships and business. Over the period that Tron has been on the sheet, it has managed to pull off some of the best partnerships which aim to help Tron objectives of becoming among the top best if not the best.

Besides, partnerships between the crypto platforms help to further innovate as well as increase productivity for both parties involved.

The rumors of a possible partnership between Tron and ChainLink first broke out on a Twitter account of LINK News Oracle. According to the Oracle, the news is yet to be confirmed, but they say it’s very much a possibility.

Again, it’s worth highlighting that the alleged partnership is nothing but speculation, but it doesn’t mean either that it won’t happen. In fact, just like anything nowadays on the internet, the buzz surrounding the alleged partnership has spread like fire eating up dry grass through other social media websites.

For instance, a Reddit user asked the subscribers of subreddit to be on the lookout for an official announcement of the potential partnership speculation at around 8 AM PST tomorrow.

But what would ChainLink bring to Tron ecosystem?

ChainLink is primarily an Oracle solution which allows a safe as well as the secure stream of data into smart contracts which means if any smart contract on Tron wants to utilize the outside data such as connecting to a pre-existing legacy or connecting with the data on another blockchain, can easily do it, thanks to the ChainLink oracles.

Therefore, it will be beneficial to Tron’s ecosystem as well as will attract several applications to be built on it as it, at the same time, maintains high-level security guaranteed by smart contracts.

Nevertheless, at the moment, neither Tron nor ChainLink has confirmed anything about the speculation which leaves questions of whether we’re about to get an announcement or it’s just the crypto world getting their hopes up? All the same, it’s a matter of time before everything unfolds, but until then let’s see how speculation rolls.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

North Korea hacking crypto exchanges to bypass economic sanctions

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North Korea has been behind significant cryptocurrency exchange hacks in an attempt to circumvent economic sanctions as well as obtaining foreign currency. According to the UN Security Council, the country has stolen $571 million from Asian crypto exchanges via the cyber attacks.

Crypto Exchanges Alongside Financial Institutions Hacked

According to Nikkei Asian Review that claims to receive the panel’s report, North Korea has been undertaking the dubious business on overseas financial companies from 2015, but it’s between January 2017 and September 2018 that the country made most of its money.

A panel of experts revealed to the Security Council’s North Korea sanctions committee that the nation had hacked a total of $670 million in cryptocurrency and foreign exchange between 2015 and 2018.

The report indicates that several Asian cryptocurrency exchanges were hacked by North Korea at least five times. Interestingly, the attacks have been associated with being carried out by professional military units which are an essential part of the country’s government policy.

Unfortunately, it’s still unknown that who the victims of the attacks were, but among the ones that do come first in mind is the Japanese exchange Coincheck which was attacked in January last year and suffered a loss of about $530 million. Also, in September last year, another cryptocurrency exchange, Zaif, got attacked and lost $60 million.

Furthermore, neighbors South Korea had an attack as well that is believed to be executed by North Korea. The hack saw personal information of 10 million users of the e-commerce platform Interpark being compromised. Moreover, a ransom worth of $2.7 million was eventually paid in exchange for the stolen data.

Desperate Times

It could be hard to argue against the likelihood that the attacks from North Korea are as a result of the tough economic times the country is undergoing. The UN and the US placed economic sanctions for about 15 years now due to its nuclear program launch.

The panel’s report has seen that a reason for North Korea to hack crypto exchanges for garnering more funds during this desperate time and consequently circumvent sanctions as they are difficult to prosecute, able to be washed several times, and apparently independent of the government regulations.

The North Korea hacking appears to represent a big problem for the UN with the report stressing the need for an action calling the nations to strengthen their ability in promoting information exchange with various governments as well as domestic financial institutions to counter North Korea’s attacks.

Overall, it’s an exciting development. Various countries such as Iran and Russia have looked to bypass economic sanctions using cryptocurrencies. Maybe it’s the start of a new policy for all the nations, or perhaps we’re looking at the commencement of cyber wars. But whatever the case would be, it’s an exciting (yes, not so positive though) move that exchanges, as well as others, have to watch their back.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

A crypto enthusiast claims a sharp decline in XRP interest, how true is it?

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Ripple is one of the biggest crypto-projects so far but has been the main topic of discussion in the crypto-sphere lately, and it is due to the controversies that surround it. Ripple has made significant strides in the past few years, and its innovations have been on a positive side, but despite all these, a crypto enthusiast who goes by the name Andrew commented on Twitter that the interest in Ripple and XRP is declining at an alarming rate.

Here is Andrew’s tweet:

Are People Really Losing Interest in Ripple?

The main reason for the increasing decline in Ripple (according to Andrew) wasn’t stated, but it is suggested that it may be due to the issues and controversies that surround Ripple at the moment.

It is necessary to know that; lately, Ripple has been subjected to lots of criticisms such as if XRP is a security or not (this case is currently under review in court), if Ripple is decentralized, and the issue of fake institutional investors on the blockchain.

According to reports, Ripple holds more than 60 percent of the total XRP tokens in circulation today, and the issue of centralization on Ripple’s blockchain has become a big issue – not only that – but the main topic among cryptoanalysts and enthusiasts.

However, even though these allegations linger around Ripple lately, it is doing quite well in terms of reliability when it comes to cross-border payments; no doubts, it is the most reliable service for cross-border payments. Ripple’s different tools: xRapid, xCurrent, and xVia, have experienced massive adoptions from various financial institutions today.

It is important to know that leading social investing platform ETORO launched crypto services in 32 US states and it is doing this by adopting Ripple as a payment tool for its payments.

Subsequently, Euro Exim is also one of the banks that is making use of Ripple’s technology in the United Kingdom for payments. Lastly, cryptocurrency exchange Huobi recently added XRP support to its OTC trading platform. These and many more are the recent positive happenings around Ripple.

So, it remains uncertain as to how can anyone back Andrew’s claim of XRP interest decline (that only thing that’s happening is, it’s getting more adoption chronologically). It is important also to note that XRP is known to provide liquidity for xRapid and it is massively adopted all over the world already.

XRP is widely known and has lots of supporters. More importantly, alongside their premium vision, Ripple is popular for its charities, and it recently partnered with Tipping Point to fight poverty in the Bay Area by donating $1 million.

A recent tweet by Tipping Point reads:

On Andrew’s claim, the issue is still open to debate, and lots of Twitter users have commented giving their own opinion about Ripple. A lot of them clearly supported Ripple and stated their increasing interest on the cryptocurrency.

One user said,

“Sell me your bags! I will hodl for you.”

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron’s TrxMarket to launch new trading pairs with Tether real soon

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Tron, the 10th largest cryptocurrency in the world and its CEO, Justin Sun are always looking to shape new policies to create opportunities to make their vision realize. What is their vision?

We hear you ask. To build the infrastructure for a utterly decentralized world wide web so that the modern day internet users feel safe and consider themselves the absolute owner of their contents should they require to share on the internet.

If we look at the recent past of the Foundation, the developments it has made and landmarks it’s achieved suggest that they are on the right way and probably that day is not so far when Tron will be considered as the major contributor in making a decentralized eco-system.

Tron’s acquisition of a renowned communication protocol for peer-to-peer file sharing, BitTorrent, has brought an enormous amount of prolificacy to the Foundation’s efforts. The users have widely appreciated the BitTorrent token (BTT) launch to boost the platform’s sharing speed and make it rewarding for the community. Yesterday, Tron carried out the second airdrop of the native BitTorrent token, BTT, which rewarded the Tron holders with 990,000,000 BTT.

Last week, On Monday, another significant development broke into the realm of cryptocurrency when Tether, which at the moment occupies the 8th spot on the world charts of cryptocurrency according to the CoinMarketCap, announced that they are going to migrate the stable coin on Tron Blockchain that would be the initiation of the TRC-20 based USDT tokens.

Justin Sun, took to his twitter handle (as always) to speak about the development to be essential for benefitting the entire ecosystem of Tron. The tweet reads:

As one can expect, the news surely caught much attention in the crypto globe. According to the weekly dapp review report, on March 3 and March 5, the transactional volume of Tron was way more than the total volume of Ethereum and EOS (Tron’s closest competitors).

While Tron recorded $43.616 million, the value of Ethereum and EOS noted $4.408 million and $11.617 million respectively. These figures are more than enough to prove the gaining popularity and worth of the Tron’s blockchain platform.

Earlier today, TrxMarket, the first ever decentralized exchange on the Tron network, announced that they are going to support Tether (USDT) trading pairs soon. Although the exact date for the launching has not been revealed yet, this surely signals that some new ‘stable’ trading pairs are soon to pop up on the space for crypto lovers.

At the time of writing, Tron (TRX) is available for trade at $0.022 with a downward change of 2.01% according to the CoinMarketCap.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Huobi supports Tron’s decentralized applications now

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Huobi

Huobi calls itself “The Financial Hub of Digital Assets.”

The Huobi group was established in 2013 with financing by ZhenFund and Sequoia Capital, which are amongst the cryptoverse’s biggest players when it comes to venture capital. The platform’s turnover is higher than 1.2 Trillion USD and, once upon a time, it managed 50% of the global trading volume.

The group has created more than sixty upstream and downstream enterprises. These subsidiaries are compliant in countries like Hong Kong, Brazil, Canada, Australia, the United Kingdom, South Korea, Japan, and Singapore. That allows this industrial group to service millions of users in 130 countries in the world.

Huobi’s platforms include a wallet (Huobi Wallet). Yesterday, Huobi announced that its wallet will support Tron’s decentralized apps now. That’s not surprising as Huobi has become one of the world’s more Tron-friendly platforms (and wallets). And if you download your Huobi Wallet right now you’ll be able to share in a pool of 10 million TRX tokens over the next three days.

Wallets and decentralized networks

The next question would be, why should you ever need a wallet to navigate Tron’s web? It’s actually very simple. Decentralized applications are not exactly free to use. For instance, if you’re going to use TronBet to have some fun you’ll need a few TRX tokens to place bets.

But even if you don’t, using a decentralized network needs for users to own some tokens. That’s why every blockchain includes tokens within the project. If you’re using dApps you need to have some tokens to browse around the network.

You have to pay a little (or a lot if you’re in Ethereum) for every click or transaction. That’s called “gas”. And it’s a good thing. It’s not about greed from the network. It’s about avoiding the kind of abusive behavior that ends up in DoS attacks and things of the sort because you can’t send infinite requests to a website if you have to pay for each answer.

So this is a good thing. Now you can use one of the world’s most reliable wallets (Huobi’s obviously) to join Tron and have some fun around the network. This is not small potatoes if you take into account that Tron is now the world’s largest decentralized network when it comes to dApps (yes, it’s beaten both EOS, and Ethereum, its closer competitors).

This gives cryptonauts all over the world extra resources, means and ways to join the Tron Network. It’s never been easier to join.

Over the next few months, Tron will become the world’s largest decentralized networks. That will happen as the BitTorrent becomes a part of the Tron Network and then, the world’s largest provider of decentralized content in the world will be Tron, hands down.

Even Youtube and Google will be utterly unable to compete. And Tron will be decentralized and will provide passive income for users.

And that, as the time comes, will also be helped by the ability to use your Huobi wallet as you browse around the new Tron/BitTorrent network (it will be called Project Atlas).

So this is great news for both Tron and Huobi. We salute Huobi’s decision!

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

TRC10 Token on the TRON Blockchain, EMSToken, launches official website

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                                       EMS1

Please check out www.emstoken.info to find information and news on the EMStoken.

For those new, let’s start from the beginning to get you caught up. As you will see, we have been very hard working behind the scenes and making significant progress along our road map, which can be found in our white paper on our website www.emstoken.info.

EMStoken was created in September 2018, and its ICO runs through September 23, 2019. EMStoken has become a multi-use case cryptocurrency token, which was built on the Tron blockchain.

It will be implemented in several key industries which are the Healthcare industry, CBD and Cannabis industry and the Electronic Gaming world. The combination of these industries will bring tremendous value and potential of growth.

Our passion for helping others is what fuels us every day to help make this project successful. You will find Jason and Kevin, the leaders of EMS, very active and engaged with supporters and open for questions to help remain transparent as we grow.

Both individuals work in the healthcare industry and have a desire to improve our current healthcare system. They see the need for change and the opportunity to utilize the blockchain and our own unique token to help make a difference. They are working hard every day making new connections and engaging with individuals who have similar interests in seeing this happen.

Let’s Improve Healthcare Together…

The initial development of the EMStoken was to facilitate a unique opportunity for individuals and healthcare providers to fight costs in the current insurance industry. Utilizing smart contracts and our unique platform which we will be developing, we can disrupt the current issues facing millions of individuals today.

Jason Morgan, the founder of EMStoken, works for hands-on in the healthcare industry. He has seen the need for individuals to have more options and a better system in place to facilitate better care. We will be working hard raising awareness on social media and through our connections to bring together the necessary components to do so.

Enter Twizted Monkey

EMS Tron WeeklyEMStoken has partnered and merged with Twizted Monkey LLC. We found that with the right partnership, we could bring the convenience of cryptocurrency to the CBD industry. In March 2019, we became the first company ever to accept TRX as payment for CBD products!!

As you will see on the website www.twiztedmonkey.com, there is a wide selection of amazing products available for purchase with cryptocurrency. There are currently two products available to purchase in full with our EMStoken!! Stay tuned as we will be adding more as we go.

We will look to bring unique opportunities into the CBD market to help bring awareness to a growing market and to work with the highest quality products to benefit consumers. Our products with Twizted Monkey are 100 percent THC free, pharmaceutical grade and lab tested.

As more states begin to legalize medical marijuana, we will look at ways to enter this market as well.

EMS Tron Weekly

Gamers Unite!

The EMStoken will also be utilized in gaming as a health pack or health booster, where individuals can purchase our token and utilize it in games whom we partner with on the Tron block chain. Currently, we are part of the CryptoCannabis game which can be found at https://www.cryptocannabis.world/  or    t.me/CryptoCannabisGame.

EMS Tron WeeklyThis will help boost the demand of the EMStoken and bring more value as people play this game. There is another game coming up where EMStoken will be utilized in game play so keep your eyes out for that!

Teamwork Makes the Dream Work

We currently have six core team members combining many years of experience and abilities to further this project. There are also another 11 individuals helping EMS token grow through social media, sales, networking, and marketing.

We will continue to add to our team as growth ensues. When we develop our EMS platform, we will bring on developers and the necessary individuals for that portion of EMS.

As you will find in our telegram room t.me/EMStokensgroup and on social media, everyone on our team is very friendly. We love helping others and aim to maintain a very positive and fun atmosphere.

Life is stressful enough so we enjoy interacting and working on a project which could positively impact millions of lives. Come say hi anytime in our telegram room or on any of the social media platforms that we are on!

http://t.me/EMStokengroup                https://www.facebook.com/ems.token https://twitter.com/EMS_Token         https://www.instagram.com/twiztedmonkeyclothing

NiTron 2019

EMS Tron WeeklyHere’s a great picture of our founder Jason with Justin Sun, the founder of Tron!! Jason is fully dedicated to EMStoken and its growth, and it showed at this event. He made many connections while at the event and some will come into play in 2019.

EMStoken wants to give back…

Please take a moment and visit https://sheepdogia.org . They are an unbelievable organization who help with veterans, police, medics, firefighters and more. We will donate a portion of each sale from our partnership with Twizted Monkey!

EMS Tron WeeklyEMS Tron Weekly

Things to look forward to….

*Starting on 4/20/2019, EMStoken holders who have 1 million or more EMStoken, will start receiving Dividends!!! Each million you hold, you will receive 1200 EMStoken and 20 SEEDR tokens each month on the 1st of the month.

*TRC20 Swap: Once the ICO ends in September 2019 we will be swapping your TRC10 tokens for TRC20! We will give plenty of heads up and make this transition as easy as possible. The reason for doing this is to provide the necessary features such as smart contracts with the TRC20 for EMStoken. This will allow us to proceed with our platform and work towards our goals.

*Exchanges: Once the ICO ends and we have swapped our tokens for TRC20, we will look into listing onto several reputable exchanges. We want what’s best for our holders and to provide growth and value for the long term.

*Products and Merchandise: Visit our website which will link you to www.twiztedmonkey.com where you can find custom EMS merchandise and other great products! We will be adding many more products to our lineup as we progress so keep an eye out. Most recently added to our CBD lineup are CBD Coffee and CBD Gummies!

After reading all of this you may be thinking to yourself, How do I acquire EMStokens!?

You may purchase EMS Tokens on our main Telegram page utilizing TRX at t.me/EMStokengroup.The official EMS token ID is 1000945.

You may also purchase them on https://tronscan.org/#/token/1000945

Thank you all for your support, and we truly appreciate our community!!! Lets Improve Healthcare Together!

Trust Wallet Core now supports Tron blockchain, what to expect?

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Trust is a secure multi-cryptocurrency wallet; recently, it launched an open-source, cross-platform cross-blockchain wallet core that supports TRON and different blockchains. The pronouncement of the news was stated on Feb 28th, last month, as per which the open-source core wallet will assist developers in creating decentralized applications and wallets using its interface.

Justin Sun, TRON’s founder tweeted about the recent development on his official Twitter page. His tweet reads:

Subsequently, the Trust Wallet Core now supports not just TRON alone, but other digital assets such as Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Dash, Zcoin, Zcash, BNB Coin, Ripple, Wanchain, Icon, Vechain, and TomoChain.

About Trust Wallet Core

Trust Wallet Core is a wallet library that upholds common hashing functions, key derivation, etc., and faciliates developers with more functions to create Dapps and wallets. Additionally, this wallet library also supports transaction signings for every blockchain and focuses on assisting the creation of cryptocurrencies and wallet integration since it is an open-source wallet core platform.

One of Trust Wallet officials said this about the Trust Wallet Core:

“We are happy to announce the open-sourcing of Trust Wallet Core—an open-source cross-platform cross-blockchain wallet library. The library supports all common hashing functions, elliptic curve cryptography, key derivation, address encoding/decoding, and transaction signing for all supported blockchains.

According to Trust Wallet official website, Trust Wallet Core is a cross-blockchain platform with lots of idiomatic interfaces. It implies that if you use this library, you can use any interface that you think is well-suited with the language that you are using. For example, if you are building an Android application, you can make use of Trust Wallet Core because of its wide range of interface and functions.

According to the platform, the JNI code for Android and the Swift code for IOS interface is present for all users of the platform. Developers can choose different interface and language they want to use at any time. The platform aims to provide the Javascript interface for developers very soon.

The Wallet Core itself was created using the C++ with a C interface, allowing codes to be written quickly.

How Developers on TRON network Can Be Part of This Platform

Dapp developers on TRON network and other blockchain platforms can get themselves involved by taking a look at Trust Wallet Core’s GitHub repo. Developers can also take a look at its Telegram Group to chat and ask questions in case of any difficulties.

Final Words

Trust Wallet aims to add more digital assets and interfaces. It is also important to note that the platform aims to improve its library and make it easy for developers to add new blockchains. It’s already an interesting product for developers, so with many more exciting developments in the pipeline, Trust Wallet could become an eye candy of Tron community soon.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron keeps gathering new support at exchanges

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Justin Sun, Tron’s CEO and founder, took to his Twitter account to thank OKEx for supporting Tron, and TRX. And what is OKEx, we hear you ask?

Okex

OKEx is a cryptocurrency exchange based out of Kuala Lumpur, Malaysia. It was founded in 2014. The platform is web-based and offers hundreds of trading pairs in cryptocurrencies. But unlike most other platforms, this one offers futures on digital assets, and it’s available in more than a hundred countries all over the world.

It boasts millions of users. Its BTC CFD’s have a daily trading volume beyond 1,500 million USD. And some observers consider this exchange for being the golden standard in the cryptosphere. Yes, that remains an arguable proposition, but it’s still not that far from reality.

This website operates under the assumption that blockchain technology will get rid of all barriers in transactions (domestic or international), it will increase transaction efficiency and, sooner or later, is going to change the shape of the global economy. The platform strives to come up in a product that can help improve the world through innovation and improved customer experience.

The news is that OKEX is now adopting trading pairs that include Tron’s Tronix cryptocurrency (TRX). Which is a piece of excellent news for Tron, for Tron holders, but it will also be very good news for OKEX very soon.

The platform will do several giveaways to celebrate Tron’s arrival into the platform from today until March 14th, which are very interesting and that you can find here: https://www.okex.com/activity/voteCoin?activeId=401.

Tron

Tron is a third generation blockchain with an obvious objective. According to Justin Sun’s vision (the project’s founder and current leader), the blockchain is the ideal means to create a new web that’s 100% decentralized. That needs a blockchain network, for sure, and digital currency.

But even more critical are the decentralized apps that the network can support and the deployment of smart contracts. And Tron has all of those resources ready and deployed.

The project even has an ace hiding under its sleeve. It’s called Project Atlas. It will merge BitTorrent, the world’s largest decentralized network since a very long time ago, with the Tron blockchain.

That move alone will turn Tron into the world’s largest decentralized network, the world’s foremost content provider, and the most active blockchain in the planet.

Oh yes, regarding activity and transactions, even Bitcoin will not be able to compete. Keep in mind that BitTorrent includes more than 100 million individual users each month.

So the new announcement benefits everybody involved. The exchange gets a new coin to trade, which is supported by a very bullish and active community. Tron and TRX holders will see trading volumes increased which will, in turn, raise the token’s value. So everybody wins.

The central fact about Tron (and a handful of other young blockchain projects) is that they have solid fundamentals. So, while their prices are not exactly soaring right now, chances are they indeed will in the future. The reason for that is that, as the next bull run comes, the market will be able to tell the difference between coins driven by sheer speculation, and those that have some real use cases.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron becomes the most popular cryptocurrency of the week on Koinex

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If we look at the renowned platform for tracking cryptocurrencies valuation and standings in the market, CoinMarketCap, the past week, for many enthusiasts, can be considered as the worst week for Tron since the beginning of this year, 2019.

Sun-led cryptocurrency went down from the 8th spot to 10th in the market; unusual fluctuation in the crypto’s price surely can be given as the two primary reasons behind this denotation. But that’s not all that happened in the past week for the Tron. While the cryptocurrency was trending in red, it still achieved some of the phenomenal landmarks even during that time.

Just last week, Tron’s blockchain managed to achieve the 2 million accounts milestone in an amazingly quick time. It took only 252 days for Tron to achieve this landmark since its mainNet had launched.

The mentioned time span is worth noting because its arch rivals such as Ethereum could only manage 25,887 accounts in the same time period and took 660 days to reach the 2 million mark, while on the other hand, EOS hasn’t yet managed to reach 2 million after its mainNet launch. Not just that, according to the Ratingdapp, the platform for tracking Dapps performances, 70,000 new accounts have been created on Tron to interact with its Dapps in past two weeks.

The achievements do not just halt there. Just yesterday, Koinex, one of India’s largest and most advanced digital asset exchange, announced on its Twitter handle that Tron has been the most popular cryptocurrency of the week on the exchange. The tweet goes as follows:

If we consider the different rating sources in the crypto realm, Tron has been recognized as one of the most-talked-about cryptocurrency in recent times.

There could be many reasons given for this feat, but the launching of BitTorrent on its network, the largest and most extended airdrop of BTT last month that took 4 hours to complete distribution – which further compliments the speed of the Tron’s blockchain, and the ability to stand strong in the long bearish trend where every other cryptocurrency was struggling are believed to be the most significant ones.

It’s more likely that due to these mentioned facts, Tron has become the much talked and tweeted cryptocurrency in recent times.

A couple of days ago, a report published by Cointrend revealed that Tron had become the most mentioned about cryptocurrency on the Twitter media for almost a complete day leaving behind the Bitcoin and Ethereum, which says it all about the interest developed among the crypto enthusiasts in Tron against any other crypto asset.

At the time of publishing this post, Tron is slightly in the downward trend according to the CoinMarketCap with 1.72% change in the past 24 hours and is available for trade at $0.02314.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Ripple and Mr. Gutierrez, Ripplenet reduces transaction fees by 80%

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“Money makes the world go round.” (It should be “around”… it’s round because of gravity, but nevermind). That’s from a song from the musical Cabaret if you remember. This begs the question: if the money is not flowing around, then what happens to the world?

Well, it might just indeed stop, which is why it’s actually essential to have money flowing around the globe. Not only that, the smoother the money moves around the world, the easier it will be to keep things going for everybody, not only those who actually do have the money.

Transactions are usually just a set of numbers in a ledger. But there is a real-life story behind each one. Think about some university student who ran out of money last night and can’t have breakfast this morning until his or her parents send them some fresh money. And that’s just a smooth, not so important example.

The important thing is that transferring money is not just about money, or making the payments industry richer. It’s also about enabling people all over the world lead better lives and fulfill their potential.

A real person

In this article, let’s talk about one such person. Erick Guitierrez. He was born in Sao Paulo, Brazil and he made a radical life decision when he was 21 by moving to Ireland because he wanted to have a chance to start from scratch. Not too long after that, he moved to Porto, Portugal, because he had a good chance for a nice life there working as a developer, and he already knew the language and the culture.

After living in Porto for a year, his friends back at home urged him to work on a side project. Mr. Gutierrez was getting a huge flow of questions and interrogations about his bold move across continents. So he set out to create a website full of answers.

He called it Euro Dicas. It started as a hobby but it grew so much that by autumn 2017 it was is a full-time job already. Mr. Gutierrez and his team (yup, he had a team by then) explained to people how to move from one country to another, declare taxes, pay them, get a visa and all the detailed information you need to know to move abroad.

It wasn’t long before Mr. Gutierrez found out that his business depended on overseas income and overseas workers. He was working with six full-time employers and more than 40 freelancers from all around the world. Most of the site’s business came from Brazil.

So he needed to transfer money quickly to his collaborators but found that the high fees, the long waiting times and the unreliability inherent in the traditional way of settling international transfers (the SWIFT system) were squeezing him.

In order to get around all the problems SWIFT has, Mr. Gutierrez tried everything. Remittance services, which are supposed to remove a lot of that friction (and sometimes don’t) and international payment services.

Traditional banks only work at office hours, so Mr. Gutierrez had to choose between doing is work, or being in the phone with a bank’s agent so that those transactions could be completed.

And it was still slow and expensive. Every transfer did cost about 10% of the amount in question, and it took five days to be settled. MoneyGram and Western Union were much faster but also more expensive. And the transfer had to be initiated by somebody on Brazil.

Even as new fintech companies as PayPal and TransferWise went online, they were still not that useful. Again, because the fees were expensive, and the services weren’t great at the beginning.

When you’re an entrepreneur trying to do your own job correctly and expand your own business, this amount of lost time and money are just anathema.

BeeTech global

Then, he discovered BeeTech Global. Back then it was a Brazilian startup that offered to settle international transfers for 150,000 customers scattered all around the planet. BeeTech is one of the many remittance services that are taking advantage of blockchain technology and cryptocurrencies (more specifically, Ripple‘s blockchain, software, and cryptocurrency). Ripple’s tech has made it faster, more reliable and way cheaper to perform this kind of service for BeeTech and many others.

BeeTech allows Mr. Gutierrez to get money from Brazil twice per month on a regular schedule without worries or uncertainty. The same service allows him to pay his employers, scattered throughout Europe, Latin America, and North America to trust him to pay them in time for the work that keeps his business going.

Payments arrive in one day, the process is reliable and transparent, which are critical factors in running smoothly a business that has so many freelancers in so many other countries.

It’s allowed him to scale comfortably using the business’ capital for growing instead of paying transfer fees. That’s possible because BeeTech’s fees can be 80% or less of those collected by competitors, so Mr. Gutierrez spends from 5 to 10 Euros per month on this.

Mr. Gutierrez considers that the service enabled him to grow his business from half a million visitors in 2017 to 1.5 million, on average, per month during the current year.

The growth has been on the 30-40% range. But more importantly, having access to a good, quick and cheap payments system has allowed him to hire collaborators in many places all around the globe.

Mr. Guitierrez is just one example, but he’s representative of lots of small entrepreneurs scattered everywhere in the world whose work and businesses could benefit greatly from better efficiency in international remittances.

According to the World Bank, low and middle-income countries alone transferred $466 billion in 2017. That is equivalent to 3.3 billion meals, 263,07 million monthly bills paid, and rent for 49.9 people.

Cash flow is the eternal challenge for emerging markets. The delay in a remittance can be the difference between paying the rent in time or buying a needed medicine on time, or (like it’s been for Mr. Gutierrez) paying in time the workers that keep your business going thus keeping their trust.

BeeTech is one of the first companies in the world to adopt Ripple’s advanced blockchain systems to settle international payments. It cuts times and costs by dramatic amounts, which is more meaningful for families and small businesses who can’t afford the waiting time nor the high costs.

Just to give you an idea, BeeTech eliminated SWIFT fees and transferences in every one of its corridors and substituted them with Ripple’s advanced transfers based on the blockchain. That move alone brought fees down from $20 to $2 per transaction.

Customers like Mr. Gutierrez are saving that money, and BeeTech as thus been able to increase its transaction volumes.

Beetech (supported by Ripple’s tech) is giving Mr. Gutierrez a trusted, more affordable, faster way to settle cross-border payments. And that’s its business lifeblood to be sure.

So instead of spending endless mornings at the bank trying to cut through all the red tape included in international transfers, Mr. Gutierrez can take care of is how his business and his company are doing. He expects to have twice as many employees by next year. His goal is for Euro Dicas to cover the planet in full and help more people become global citizens.

This is what Ripple can do for Mr. Gutierrez. But also for me, and you, and the world at large. And that’s also why Ripple already has more than 200 strategic partners in banking institutions and remittance services that are learning that adopting Ripple’s blockchain, platforms and cryptocurrency (XRP) is such a good idea. Everybody pays less; everybody is happier.

Ripple is making money move around the world in the smoothest possible way. And that, in turn, will keep the world moving as well.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.