Connect with us

Bitcoin

Bitcoin Superstore Chooses TRON TRX as its New Addition

Published

on

TRON TRX
READ LATER - DOWNLOAD THIS POST AS PDF

TRON TRX continues to make new victories, with the latest one being a huge step towards mainstream usage. The new development has seen TRON become a new addition to the Bitcoin Superstore, and it was entirely community-inspired.

TRON (TRX) now on Bitcoin Superstore

TRON TRX is a cryptocurrency that needs no introduction. While the coin has dropped on the CoinMarketCap’s list once more, and it currently holds the 14th place, it is still one of the most popular cryptos today. Now, its popularity is bound to grow even more, after the coin got chosen to join the Bitcoin Superstore, and become a new legitimate payment method for over 200,000 stores.

A lot of effort went into making cryptos usable in the real world lately, which is a big indication that digital currencies are finally ready to be used, and not just trade. This is one of the reasons behind Bitcoin Superstore’s sole existence. Over time, the store entered partnerships with more than 200,000 stores around the world, and all cryptos that Bitcoin Superstore supports can now be used for making purchases in all of these stores at any time.

The Superstore is still open to new coins, which is why they asked their users which crypto should be adopted next. This has led to a huge amount of support for TRON (TRX), and the Superstore delivered. Now, TRON has joined the likes of BTC, BCH, ETH, XRP, and LTC.

What does this mean for TRON?

As a part of the Bitcoin Superstore, TRON TRX has received a huge new use case. So far, its goal was to transform and revolutionize the entertainment industry. While it put a lot of effort into this goal, it still only made small steps, despite the fact that it entered a lot of partnerships.

Now, however, TRON TRX will become an accepted method of payment that will allow the purchase of goods in over 200,000 individual stores. This will even include Amazon, and all that the user needs to do is to log onto the Superstore and paste the URL of the desired item into the appropriate box. Then, they should enter the shipping details, and choose the crypto they wish to pay with. The rest is taken care of by the Superstore itself.

According to the Superstore’s announcement, the customers of the service can order goods from Google Express, Amazon, and even an online version of Walmart. Any retailer that has an online presence, and doesn’t charge membership fees will likely be available on Bitcoin Superstore, and the service’s team will make sure that all transactions and deliveries go smoothly. Of course, the service itself will charge a small fee, at around 2%.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Bitcoin

Stepping off the rollercoaster: Why I’ve fallen out of love with Bitcoin

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

The very word Bitcoin has almost become synonymous with that of cryptocurrency. It’s basically just a medium of conducting digital transactions – it’s a virtual currency and one of many. So how has it taken on a definition of its own and asserted itself as a leader in the digital financial ecosystem?

Bitcoin has been crowned king of altcoins, probably because it was one of the earliest and most successful of its kind. The trendsetter has ushered in a wave of cryptocurrencies built on decentralised P2P networks and has inspired a growing number of followers and spinoffs. But is Bitcoin struggling to keep up with the newcomers who have made considerable developments to the stability, security, and usability of the crypto world?

The supporting case for Bitcoin has been a clear one. Its pioneering infrastructure has situated it in a position of dominance in the altcoin realm. Bitcoin has a proven usage case as a store of value. Having existed over 8 years without failure, it has a large lead over most altcoins and has withstood the test of time as younger counterparts join the market. However, it seems to be on a downward slope, or at the very least, not progressing at the speed of the market.

In May this…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Elite