TRON’s native token is one step closer to the cryptocurrency folks in the US following a new partnership with San Francisco-based peer-to-peer payments platform Metal Pay.
This collaboration will see TRX integrated into Metal Pay’s mobile application, enabling its 130,000 users to buy the token using crypto and fiat currency alike. They can also use their cash balance, debit cards, and transfer money from a linked bank account.
TRON is also joining Metal Pay’s rewards feature, called Pop, which rewards the people who use and grow the platform with monetary incentives. As such, TRX holders using the Metal Pay app can earn cashback for every dollar sent or received, for up to five percent of the value of certain USD transactions. The rewards will be delivered in Metal’s cryptocurrency MTL and can be converted into dollars, sent to another Metal Pay user, or held as an investment.
On top of all this, Metal Pay enables crypto-to-crypto conversions between more than 20 cryptocurrencies it supports, which gives TRX holder exposure to other crypto coins such as BTC, ETH, and MTL.
“TRON’s addition to Metal Pay provides their community with a bold new DeFi platform. Home to a variety of developers, dApps, and more, the products that Metal is building will accelerate the growth of the cryptocurrency ecosystem,” said Marshall Hayner, founder and CEO of Metal Pay.
TRON looking for new use cases
Since its soft launch in September, Metal Pay has processed more than $15 million in total payments, and on a monthly basis, its app handles over $1 million in crypto or fiat for around 30,000 active users.
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Metal Pay is backed by Brian Kelly, CNBC contributor and founder of crypto-investment firm BKCM LLC, as well as Erik Voorhees, CEO of Shapeshift, and Bram Cohen, creator of BitTorrent.
At a time where the TRON ecosystem is trying to find new use cases and adoption opportunities, advocates of Tron blockchain were pleased to notice that Samsung has added TRX support to its Blockchain Keystore. All users of the South Korean multinational conglomerate’s Keystore, a critical part of Samsung’s blockchain initiative, are able to access TRON dApps and store TRX.
Founded by Chinese entrepreneur Justin Jun, TRON is a blockchain-based protocol dedicated to creating what it calls a “decentralized and free internet.” The TRON network provides mechanisms for allocating the value of user-generated content, with anyone who contributes content being entitled to profits of proportional value.
The company’s own cryptocurrency, dubbed TRX, has a market cap of $755 million at the time of writing.
“We will always serve our community by providing users with secure, fast, and simple access to TRX. With Metal Pay, we have created the fastest TRX transaction infrastructure while maintaining world-class security,” added Justin Sun, CEO and Founder of the TRON Foundation.