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The Tron Community Celebrates Own Twitter Emoji

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Tron is the fourth blockchain project to be awarded a coveted hashtag on social media giant Twitter.  The Tron ecosystem celebrates the fact that TRX is the fourth blockchain to be granted a custom Twitter emoji hashtag. The CEO and founder of Tron, Justin Sun, launched the new emoji by tweeting on Friday, July 3rd. p  Like Tron ‘s tradition in their marketing campaigns, the new emoji comes with rewards that require members of the Tron community to put the latest emoji to their profile bios.

The Tron Community Members Excited

Much as during the Binance anniversary, the latest Tron Twitter emoji seems to be connected to a particular event. Furthermore, the emoji is related to the following hashtags “# TRX,” “# TRON,” “TRONGreatVoyage,” and “TRONConference.” Realistically, these four hashtags are tied to Tron 4.0 ‘s upcoming unveiling event.

Surprisingly, the project also obtained the hashtag “#TRONAnniversary,” which is most probably meant to be used in the future.  Additionally, on August 29, Tron is set to launch the Tron Virtual Machine.

Bitcoin, Crypto.com, Binance Coin and now Tron

Back in June, the Tron community asked Justin Sun to enable the cryptocurrency to have its own Twitter emoji. The request followed Crypto.com’s CRO, which became the second cryptocurrency after BTC to have its customized emoji on the social media giants platform. Earlier this week, Binance Coin was just the third cryptocurrency to have a Twitter emoji.

Notably, Bitcoin became the first cryptocurrency to receive a branded emoji as Twitter CEO Jack Dorsey’s tribute to the coin. Dorsey also funds the development of the Bitcoin Network through its company Square. The other three coins have launched their branded Twitter emojis as a marketing campaign to expand their influence. In addition, of the four customized hashtags, Tron seems to be the biggest spender.

Elon Musk Tweets in Support of Bitcoin Proponent Jack Dorsey

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In a wake of recent reports that seeks Jack Dorsey’s replacement from the post of CEO at Twitter, Elon Musk defended Jack Dorsey, saying, he supports Jack, adding he has a good heart.

Jack Dorsey who is actively involved in building Bitcoin as internet currency has recently been criticized by a key investor of Twitter, Elliott Management. The news comes in a wake of recent bashing reports on Twitter due to the platform’s inability to suppress hateful tweets and misinformation. More so, CEO Jack Dorsey was also been criticized for his major involvement with his other company, Square Inc.

The crux of the matter is that CEO Jack Dorsey is actively involved in encouraging the adoption of Bitcoin and making it even simpler to use. In fact, Jack has foreseen the future of Bitcoin in Africa and henceforth wants to stay there for several months, continuing his personal advocacy of the cryptocurrency. As a result, a large community thinks that Jack is splitting his duties of CEO at Twitter with his other company, Square, a payment firm.

“Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months mid-2020. Grateful I was able to experience a small part. Jack tweeted in Nov 2019”

While the reports surfaced on the web and social media, alleging Jack and debating on his dual CEO position, Elon Musk tweets in defense of Jack Dorsey. Musk besides supporting Jack also teased the crypto community by posting a picture of dog and writing “Dogs rock… they have the best coin”. To note, Musk previously called Dogecoin, a dog meme coin as his favorite currency.

More so, Elon Musk tweet got the attention of Binance boss, Changpeng Zhao who then quoted it and showed he too support Jack. CZ supplements his claim, saying, “he (Jack) has good taste #Bitcoin”, the largest cryptocurrency which is currently trading at $8867 against USD. At the time of reporting this, Bitcoin is surging by 1.52 percent within the past 24Hrs.

Square’s Profits Shoot up as Bitcoin Trade Becomes Ace Up Its Sleeve

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Cryptocurrency-based companies have enjoyed unusual success over the past few months, especially with the advent of Bitcoin’s price rise. This unprecedented success rate could also be attributed to more and more people entering the digital asset industry.

Square, the payment services provider founded by Twitter CEO Jack Dorsey recently revealed its 4th quarter earnings for Cash App which has pleasantly surprised its investors. 

According to the figures released by the company, Cash App’s focus on bringing more apps into its fold has been one of its biggest upsides. As of December 2019, Cash App had more than 24 million active customers per month, a rise of 60 per cent compared to 2018. Bitcoin trading on the Cash App is quite popular, and that popularity has also been translated into dividends.

Cash App reported revenue of Bitcoin to be $178 million between November 1st and December 31st. Profits during the same period amounted to $3 million, a 50% improvement between Q2 and Q3 2018. All other earnings on the platform were estimated to be $183 million.

Post the release, Amrita Ahuja, the Chief Financial Officer [CFO] of Square stated:

“We are able to efficiently acquire customers, keep them engaged and show them additional ways we can continue to add value.”

According to the CFO, as Cash App users start using cryptocurrency services, they generally start producing more revenue for the company. This may be due to multiple options available in the domain of cryptocurrencies than in the world of fiat. The company as a whole generated profits of $8 million on $516 million in annual sales from Bitcoin.

Financial reports from the company have revealed that Square spent a total of $174.4 million on Bitcoin services in Q4 2019. The overall business budget was $508 million, which was much higher than the $164.8 million invested in 2018. Cash App was a major contributor to Square’s sales, which was estimated to be $1.31 billion last year.

Many estimates, such as subscription and service-based sales, increased by 45% to $281.4 million. Services that are not really based on cryptocurrencies have been a major moneymaker because of their ease of use. Square’s gross payment amount also increased by 25% to $28.64 million.

The gross volume amount is significant because it reflects the total dollar spent on transactions or products. The company’s transaction-based revenue increased 25% to $832.2 million. Square’s stock has definitely increased in the markets, with the firm receiving 23 cents per share, which was more than the analyst expected by 21 cents per share.

Analysts argue that if square succeeds in growing its Bitcoin business around the globe, particularly in regions with hyperinflation, it will have a massive advantage on fiat. Square is also expected to expand its payments sector through emerging regions such as Africa.