The weekend is getting quite exciting for TRX holders as the value of XRP began surging. TRX, which was ranked as the 11th spot had recently outperformed to capture the 10th largest cryptocurrency rank on the graph of Coinmarketcap (CMC).
TRX Ranks #10
TRON (TRX) is currently standing on the 10th spot on CMC by enjoying the growth of 11.52 percent over the past 24 hours. At the moment, the token is trading at $0.028 against the US Dollar with a current market cap $1,888,792,651.
Data provided by CMC states that TRX is largely traded against USDT (Tether), BTC (Bitcoin), majorly on OKEx, BW.com, HitBTC, DigiFinex, IDCM, Huobi Global, Binance and more.
While the community is still determining the reason behind the spike in the value of TRX, few observers think that it can be an indirect influence of TRX’s recent adoption by a New York-based fintech company, Carbon. Subsequently, reports surfaced on July 18, revealing the partnership between Tron and Carbon, a FinTech company that aims at making blockchain apps more user-friendly.
Partnership Between TRON & Carbon
Per the partnership, Carbon supports TRON blockchain by enabling credit card purchases of cryptocurrencies via Carbon’s fiat gateway product, Fiber. It means that users can purchase any TRC20 tokens and other cryptocurrencies with the credit card. To do this, users will have to use Carbon exchange, Carbon-enabled wallet or through a dApp which will allow users to receive RX, BTT or TRXD stablecoin within minutes. Besides, users can also engage with the credit and debit card purchases even outside of the United States.
Talking about the latest collaboration, Justin Sun, founder of the TRON Foundation and current CEO of BitTorrent states that;
“We’re always looking for simplicity and ease of use for the TRON community, and these types of collaborations are extremely important to bringing buyers and sellers together in our growing dApp ecosystem.”
Carbon is working on making credit & debit card payments streamlined to purchase tokens. The press release further reads that the decentralized financial product like TRXD, Fiber and TRON’s other integration will act as the backbone of a robust ecosystem that enhances its reach across a number of users.
Image Source – Carbon Blog
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com