BitTorrent Partners with CoinPayments to Release Support for Native BTT Token
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P2P (Peer-to-peer) torrent customer BitTorrent has declared that its local token, BitTorrent Token (BTT), based on the TRON convention, is currently upheld by Coin Payments’ crypto transaction portal. The news was imparted with a blockchain news site recently on an official statement.
As revealed, BitTorrent released its BTT token this January- its first undeniable move to start to tokenize its substance sharing ecosystem, about a half year after the organization was gained by decentralized web startup TRON.
As indicated by the present official statement, BitTorrent has just been teaming up with Coin Payments on supporting TRON (TRX), Bitcoin (BTC) and Binance Coin (BNB) payments for premium services. With the expansion of BTT support, users can now allegedly utilize the token to pay for BitTorrent and µTorrent Pro memberships, which offer document transformation, HD quality streaming and malware security.
Justin Sun, the founder of TRON and CEO of BitTorrent, has cleared up the guide for tokenization of the BitTorrent ecosystem, expressing that the association with Coin Payments is a bid to make BitTorrent (BTT) fluid in the online commercial center before the token is completely incorporated into our desktops and portable mobile items.
This midyear, the BTT-enabled blockchain application BitTorrent Speed will allegedly be taken off as a major aspect of Bit Torrent’s Windows-based µTorrent Classic customer. As per the BitTorrent webpage, the application will enable users to trade BTT for seeding and transfer speed to help quicker download times.
BitTorrent, first made in 2004, claims to have more than 100 million clients in its current decentralized p2p framework.
As announced, the guide for TRON and Bit Torrent’s common mix has been named Project Atlas, which intends to make a decentralized content circulation system utilizing cryptocurrency.
As of press time, TRON (TRX) is positioned as the eighth biggest digital currency by market capital and is exchanging at around $0.0258, up 0.25 percent on the day.