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Tron’s Justin Sun announces that TRX will be used in over 20,000 stores in Italy and Spain

Akash Anand

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Tron's Justin Sun announces that TRX will be used in over 2000 stores in Italy and Spain
Source: Unsplash

On 3rd August, Justin Sun, the Founder and CEO of Tron Foundation, announced that the TRX tokens can now be used in over 20,000 stores in Italy and Spain. The payment machine works with a voucher model where a customer is asked to purchase a voucher from a store that accepts tokens which can later be redeemed for cryptocurrencies.

Justin Sun announced on Twitter:

“Thanks for the support to #TRON. Now you can buy $TRX #TRX at over 20000 stores in Spain and Italy or at Bitnovo”

Tron Foundation Korea's tweet | Source:Twitter

Tron Foundation Korea’s tweet | Source:Twitter

The Foundation has stated that Bitnovo, a cryptocurrency platform, is responsible for the trading of the TRX tokens in these countries. Bitnovo also enables users to trade in other cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

The market chains that accepts TRX in Spain and Italy include Carrefour, FNAC, and Game. Moreover, Bitnova claims that they hold the security in the highest regard and to extend that they have appointed a special cryptocurrency security team.

Tron has been enjoying a surge with multiple developments occurring over the past few weeks, with the launch of the Tron Virtual Machine [TVM] being a major boost to the company. The Tron Virtual Machine is compatible with the Ethereum Virtual Machine and developers can shift from the Ethereum platform to the Tron platform  ‘almost free of cost’.

Moreover, Justin Sun also revealed the secret project, Project Atlas. The project is going to enable 100s of million users of BitTorrent to be a part of the Tron ecosystem. This is considered as one of the biggest achievements of Tron in the community as Satoshi Nakamoto, the creator of Bitcoin [BTC] had also mentioned BitTorrent in one of his emails.

Tron was also in the news for the launch of the Tron Wallet on the Google Play Store making the application available for Android users before Apple users. The wallet was developed by the Tron Foundation in association with Getty/IO, a software company.

Iliono, a Twitterati said:

“Very nice, good job….gogo Tron, sleeping giant overcome the other projects now and in few Month and years the rest!! Top 5 Crypt guaranteed, no doubt! Just hodl and buy the dipps.”

Bonpilos, another Twitterati said:

“i don’t recommend bitnovo, if you have no choice fine, but if you have it, you better take the long way , it will be more profitable.”





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Altcoins

Binance coin pumps by over 6% in an hour; breaks its all-time high

Namrata Shukla

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Source: Pixabay

On June 20, Binance coin [BNB], a coin ranked seventh on CoinMarketCap, surged by a massive 6.38% over the past hour. The coin also broke its all-time high and was trading at $36.47, at press time.

Source: Trading view

Source: Trading view

At press time, BNB was being traded at $36.47 with a market cap of $5.097 billion. The 24-hour trading volume of the coin was reported to be $571.64 million, as it spiked by 2.35% over the day. Over the past seven days, the coin noted a rise of 2.03% in its price and continued to rise by 6.38% within the hour.

This hike follows Singapore-based cryptocurrency exchange, KuCoin, listing Binance coin [BNB] and Binance announcing the launch of Elrond project on Binance launchpad. Binance funded the sharding-based public blockchain network in a private funding round, as the company closed the round with $1.9 million. It will be the next project supported by Binance launchpad and the token sale will be carried out in a lottery fashion. The token sale is scheduled to begin from June 22, 00:00 AM [UTC].

The coin was highly traded on Binance exchange with BNB/USDT pair and BNB/BTC pair. BNB/USDT took the first place as it noted a 24-hour trading volume of $137 million, followed by BNB/BTC which reported a volume of $126 million. The third position was taken by LBank exchange, which registered a trading volume of $120 million with BNB/USDT pair.





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