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Tron [TRX] partners with popular online game in its march towards mainstream adoption

Akash Anand



Tron [TRX] partners with popular online game in its march towards mainstream adoption
Source: Unsplash

Tron [TRX] has been on quite the developmental roll with the Foundation announcing several partnership and updates, driving the investor sentiments really high. Tron was also helped by the recent bullish run that saw the cryptocurrency’s price peak.

On November 8, the Tron Foundation announced that they had partnered with NeoWorld, a proposed multiplayer online virtual world game that runs on blockchain technology. The cooperation between both Tron and NeoWorld is aimed to create NeoWorld Exclusive. According to Tron, the team up will also ensure the strengthening of the cooperation within the Tron community as well as the cryptocurrency system as a whole.

NeoWorld’s official website states:

“Here in the 3D virtual environment, players explore new frontiers, create skylines, pursue careers and build wealth, legends and legacies from scratch, just like in the real world. NeoWorld is a social platform where players could not only chat and have fun, but also establish an amazing network of business or personal connections, maybe even forge a community and run for election.”

Following the revelation, Crypto Nana, a Twitter user stated:

“Congratulations Justin en team #Tron very nice! Keep going you can do this and we believe in you $trx #TronFam #trx”

Tron was also in the news recently when Justin Sun, the Founder and CEO of Tron announced that Tron can be traded on BitexBook, a cryptocurrency exchange. He also stated that the service will reduce the effort spent on managing cryptocurrency assets as well as making the entire process more seamless and reliable. Officials from the Foundation have also gone on to say that Tron is available for trade on over a hundred different exchanges as well as wallets.

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Rabobank announces plans to drop its crypto-project

Sarvesh Kumar



Robobank to drop its plans of having their own crypto-wallet
Source: Pixabay

Rabobank, a bank based out of The Netherlands, has decided to drop their idea of creating their own native cryptocurrency called Rabobit. The bank had announced their cryptocurrency plans in February 2018. Rabobank was looking at closing the gap between banks and cryptocurrency wallets. However, they have taken this decision after exploring the field for more than a year.

According to a report by Hard Fork, a spokesperson from the bank said,

“After careful consideration with our customers in mind, we recently decided that now is not the time to develop the idea further and bring it to the next phase of innovation”

Their cryptocurrency idea was part of the Rabobank Moonshot program, which was looking at boosting innovation in Fintech services. The bank does not consider their research a waste, but the same has led to valuable insights and experience in general, the spokesperson added

The spokesperson also said,

“We have learned valuable lessons about our customers and the crypto market and on how to design blockchain and crypto applications.”

The spokesperson cited regulatory uncertainty as the reason why the Dutch institution pulled out of the project. Although the bank has dropped the idea, they will be keeping a tab on the market and the regulatory changes in the industry.

Rabobank is not the only bank to drop the idea of having a cryptocurrency wallet. Recently, ABN AMRO, another Dutch bank, also dropped their plans of “Wallie,” their own cryptocurrency wallet. The reason for their drop was also with respect to regulatory conditions in the industry.

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