Tron (TRX) is widely regarded as one of the fastest growing blockchain networks in the world. The Sun-led team keeps working intensely to expand its network, drawing interest from new partners across the globe.
Yesterday, CoinFlip – a leading Bitcoin ATM operator in the U.S announced that it will be listing USDT tokens, powered by Tron in more than 180 CoinFlip ATMs across the world.
— CoinFlip Bitcoin ATM 🏧 (@CoinFlipATM) April 30, 2019
CoinFlip has been serving the U.S for quite some time now. The crypto service company boasts of the next generation ATMs that make the buying and selling of cryptocurrencies easy, with also the aim of giving its end users the best experience when converting fiat currencies to cryptocurrencies. It is also worth noting that CoinFlip ATMs give solutions to one of the leading issues in the traditional exchanges, which is the complexity of the onboarding process.
So, now USDT tokens can be made available to anyone that uses CoinFlip ATMs around the world. Stablecoins have the ability to change millions of lives in developed and developing countries, due to the fact that the sending of remittances through middlemen like Western Union can be averted and transactions can be made swift. Hence, CoinFlip is making sure migrant workers can make transactions without any trouble.
Additionally, CoinFlip ATMs support not just TRX or USDT tokens alone, but tokens like Etherum (ETH), Litecoin (LTC), Komodo, and Dash.
Making transactions through these ATMs is at a very low fee. Also, CoinFlip’s ATMs offer the best rates. For instance, the rate for Bitcoin purchase is at 6.99% and above and sells at 3.99% below the Tradeblock XBX index spot.
What’s next for TRON and USDT?
The new partnership with CoinFlip is a big boost for Tron’s USDT. And, the CEO of Tron Justin Sun recently shared what’s next for USDT.
A stablecoin like Tron’s USDT can make transactions easy, quick, and very cost-effective. The stablecoin on Tron network will support Smart Contracts and introduce new privacy options. Justin Sun stated:
“We’re getting lots of interest from these institutional investors. I think we’ll do everything to fulfill their requests because when the institutional investor gets into this industry they have lots of requests. Lots of institutions don’t want people to know they’re buying cryptocurrencies. They don’t want people to know their accounts or how much money is in their accounts.”
Sun hinted before the CoinFlip partnership that he plans to make sure cross-border payments for consumers become easy and he is on course right now. The Tron CEO also have in mind to partner with Ethereum Developers from Loom Network and get a scalability solution for Tron network.