Tron is one of the cryptosphere’s most ambitious and exciting projects for sure. It aims to use blockchain technology to decentralize the web thus removing central authorities from the equation for content creators all over the world. It’s about to merge the huge BitTorrent network into its blockchain, and it already boasts the world’s most active decentralized apps, fighting closely with EOS, but performing above Ethereum by a lot.
TRX use cases as currency
The project’s had a lot of successes during its short history, but there’s a nut it’s not been able to crack yet: use cases that can facilitate adoption for its cryptocurrency, called Tronix (TRX). It’s not that TRX is useless. It’s actually handy if you want to find your way around Tron’s dApps because most of them need you to have at least a few tokens in your Tron Wallet.
It also serves as a base coin for the myriad TRC10 and TRC20 cryptocurrencies that have been popping up all over the Tron network over the last few months. While those are legitimate use cases, they’re a far cry from Bitcoin (or even more modest coins such as Bitcoin Cash or Litecoin) which can be used to pay for goods and services in thousands of websites all around the web.
In some places in Europe and Asia, you can even fund a debit card using Bitcoin (and a few other cryptocurrencies), so you can spend your digital assets in the streets as if they were the local fiat money you keep in your savings account. Tron has been rather slow in securing that kind of adoption for its token. But things are changing.
Enter the Spanish company Bitnovo. It’s a financial technology firm that offers products and services designed precisely to make cryptocurrency adoption easy in the mainstream. It allows you to buy cryptocurrencies with cash, without a bank account, and keep them, transfer them or spend them according to your own preference.
There are more than 30.000 selling points for Bitnovo in Europe which include supermarkets and kiosks, so chances are that wherever you are in the old continent, you can transact in Bitnovo. The service’s mechanics are quite simple.
#TRONICS can now buy $TRX at over 3000 stores across France thanks to @bitnovo vouchers! #TRON $TRX https://t.co/fSEcIFQcoC
— TRON Foundation (@Tronfoundation) April 10, 2019
You go to a selling point and buy a Bitnovo voucher for a given amount of Euros. You can pay with cash. Then you go to your online account and use that voucher to acquire the supported cryptocurrency of your choice, and that’s it. It’s all done using cash, completely anonymous, fast, easy and reliable.
Since 2016 the company also offers a way to spend those tokens in the form of a debit card called Bitcard. It works like any other debit card you know except it doesn’t require users to have a bank account, and the card has no name printed on it, so it’s also almost entirely anonymous.
This product allows you to use a wide variety of digital assets to pay for anything you could fancy in the street or the web using your crypto savings through the Bitcard. These kinds of services turn the cryptocurrency movement into a democratizing force in the world and, more importantly, they advance the cause of mass adoption for crypto.
And now, Tron is going to be one of those coins that Bitnovo supports to sell for cash (through vouchers) and that you can spend anywhere you want by using a debit card.
This is a fantastic development for Tron because this single partnership makes the Tronix token available for a significant number of new people. And now that Bitnovo’s clients will be able to use TRX tokens to fund their debit cards, the Tron’s versatility as means of payment will be almost as that of local fiat currencies.
Of course, Tron has a long way to go yet. But it’s moving in the right direction.
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.