Tron (TRX) is 34% higher today after yesterday’s announcement by BitTorrent that BNB, BTC and TRX can be used to pay for its products. BitTorrent is the main peer-to-peer file sharing application and is now owned by Justin Sun the founder of Tron.
BitTorrent has partnered with coinpayment.net to facilitate the service.
TRX and the other crypto can be used to buy its Pro and ad-free products. Its products also include anti-virus and anti-malware software.
Tron’s Justin Sun is a smart cookie
In a post in the Tron Foundation’s Medium blog, Justin Sun said of the news:
“BitTorrent joins a growing list of online companies whose products and services accept TRX as payment,” said Sun, who is the chief executive of BitTorrent.
“With BitTorrent’s over 100 million users, the move helps increase the use of TRX in online marketplaces while giving consumers more options to unlock value from BitTorrent’s premium products.”
The decentralised app platform is 34% higher at the time of writing at $0.0154.
Tron’s climb has been helped by the broad market advance today, which sees bitcoin currently priced at $4,189 as it seeks the escape velocity to get back to $5,000.
Gary has been writing about cryptocurrencies since 2013 and currently works as the cryptocurrency analyst at interactive investor, the UK’s second-largest online investment platform. Gary contributes for Coin Intelligence News in a personal capacity and none of his commentary should be considered investment advice. Gary is the winner of the ADVFN International Financial Awards 2018 Cryptocurrency Writer of the Year. Contact Gary on twitter at: @gary_mcfarlane