Tron and its legacy of partnerships have always made an impact on the cryptocurrency industry, and that has been an idea also followed by its subsidiaries like BitTorrent. The world’s largest decentralized platform recently revealed that they had created a new partnership recently, tweeting:
“We have partnered up with @Coinpayments for a few months now to allow our users to purchase #BitTorrent and @utorrent products with $BTT. Thanks for featuring us on your blog!”
The limited partnership was used to create a more wholesome and inclusive environment for cryptocurrency trade with the aforementioned tokens acting as a support system for purchases. Inc.com had stated:
“One of the notable developments taking place in the cryptocurrency field is TRONs recent purchase of software company BitTorrent. Together, they share a vision of a decentralized, barrier-free internet.”
The BTT token had gone through several phases of adoption since its inception, and using it as a purchase medium is aimed to increase its utility and volume. The 55th ranked cryptocurrency was currently trading for $0.00045, with a total market cap of $96.288 million. The Tron acquired cryptocurrency also held an $87.710 million 24-hour market volume.
The BitTorrent community was riled up after the announcement with many users claiming that the collaboration would only give a boost to the “internet without borders.” The official CoinPayments blog was all praise for BTT with an excerpt from their recent publication adding:
“The goal of all this was to begin incentivizing users of the BitTorrent platform by paying them in tokens when they seed their files to other users. There had always been an issue with leechers (users who download but do not share files), and now there appears to be a solution to that through cryptocurrency with their product called BitTorrent Speed.”
The BitTorrent partnership has come at a time when Tron has also been enjoying developments in other areas. The Tron blockchain had sent ripples through the market when it was announced that Tron would be available on the Samsung Blockchain Keystore. This was told to the vast number of TRX holders by Tron CEO and Founder Justin Sun.
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