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Bitcoin Superstore Chooses TRON TRX as its New Addition

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TRON TRX

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.

https://twitter.com/BitcoinSuperst1/status/1028585686218235905

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%.

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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.

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Bitcoin

Bitcoin Price Dumps Below $41,000 Amid Uncertainty

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Bitcoin price dumped hard on Monday, briefly slipping below $41,000, erasing gains recorded in the previous week. The premier cryptocurrency seems to have exhausted its recent rally propelled by industry vulnerabilities. At the time of writing, the world’s largest cryptocurrency was trading slightly lower at $41,385. Bitcoin’s total market cap has dipped by 2% over the past day, while the total volume of BTC tokens traded over the same period climbed by 58%.

Fundamentals

Bitcoin price has been facing retracements and a rollercoaster over the past few days after recently rocketing to a 20-month peak. On-chain data has suggested that many investors used the opportunity to take some profits, leading to a decline in the asset’s price.

Bitcoin’s price slump is mirrored in the wider crypto market, with the global crypto market cap decreasing by 1.85% over the past 24 hours to $1.55 trillion. The total crypto market volume has increased by 32% over the same period. The Crypto Fear and Greed Index has plunged from a level of extreme greed to a greed level of 70, suggesting a decline in risk appetite.

Ethereum, the largest altcoin by market capitalization, is currently trading at $2,167, down almost 3% for the day. Meme coins have been hit hard by the market slump, with Dogecoin and Shiba Inu down by more than 4% over the last day.

Last week on Thursday, cryptocurrency experts took notice of…

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Bitcoin

Bitcoin Price is in Consolidation Mode Despite Market Optimism Post-Fed Decision

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Bitcoin price edged lower on Thursday despite optimism in wider markets on the back of the Fed’s interest rate decision. The flagship cryptocurrency has been consolidating above the critical level of $42,000 after briefly topping $44,000, its highest level in 20 months. Bitcoin was trading 0.71% lower at $42,569 at press time. BTC’s total market cap has increased by more than 3% over the last day to $832 billion, while the total volume of the asset traded over the same period jumped by 22%.

Economic Outlook

Bitcoin price has been trading sideways over the past few days, suggesting a pause in its recent rally towards $45,000. The premier cryptocurrency has decreased by 4% in the past week but remains 15.22% higher in the month to date. The digital asset has staged a significant recovery this year after a torrid 2022 in which a string of scandals, including the collapse of FTX, led to a market meltdown, undermining the credibility of the sector.

The crypto market has been buoyed by the Fed’s latest interest rate decision. The US Federal Reserve on Wednesday held its key interest rate unchanged for the third consecutive time, in line with market expectations. With the easing of the inflation rate, members of the Federal Open Market Committee (FOMC) voted to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Additionally, the central bank indicated that three rate…

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Bitcoin

Bitcoin Price Blasts $44K in Spectacular Surge as Spot Bitcoin ETF Approval Looms Large

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Bitcoin price has been hovering above the $43,000 psychological level over the past two days amid anticipation about the potential approval of a spot bitcoin ETF. The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. The Bitcoin price was trading at $43,914 at press time.

Fundamentals

Bitcoin price has posted significant gains over the past few days, climbing to its highest level since April 2022, before the crash of a stablecoin that started a litany of company failures, pummeling crypto prices. The world’s largest cryptocurrency briefly topped the crucial level of $44,000 on Wednesday amid rising momentum despite being massively overbought.

According to analysts, with no spot bitcoin ETF approvals yet and the halving event five to six months away, the market is riding on FOMO. Capital has been flowing in the Bitcoin market amid enthusiasm that the launches of spot ETF will bring in billions of dollars of new investment into the crypto sector.

Investors have already started providing capital as seed money for ETF products. Notably, a recent report by CoinDesk showed that the world’s largest fund manager, BlackRock, received $100,000 in capital from a seed investor for its spot bitcoin exchange-traded fund…

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