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Here Is How Tron (TRX) Becomes a ‘Sh*t-Coin’ in A Good Way

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Sh*tcoin is a term that is used in the crypto-verse to describe a coin or token that is more or less worthless. The usual story is that they start off as revolutionary blockchain projects that claim to disrupt everything: banking, insurance, online identity et al. They raise funds and then the project fails and disappears into obscurity together with the value of the token or coin. Tron (TRX) was once referred to as a sh*tcoin but it has proved critics wrong with a working Mainnet, a loyal community and a bright future with BitTorrent being its golden goose.

So why is Tron (TRX) a Sh*t-coin in A Good Way?

The Tron foundation has recently announced a partnership wit MOSHROOM which is a leading portable smart toilet supplier in China. As weird as the partnership might sound, it is strategic in the sense that we have to use these facilities a few times a day. Justin Sun announced the partnership via Twitter as can be seen below:

Investigating further about the partnership, we find that they will work on blockchain technologies, especially cross-border settlements with cryptocurrencies. MOSHROOM has a track record of innovating some of the best smart toilets out there complete with renewable energy and vending machines.

Smart Toilet from MOSHROOM

Supported by the Chinese government, MOSHROOM has placed dozens of these portable toilets in the streets of Beijing thereby making this partnership with Tron quite significant. The cooperation will allow MOSHROOM to gain technical support for mobile payments, especially on the cross-border front.

Justin Sun is quoted as saying the following with regards to the partnership:

“TRON hopes to help MOSHROOM improve bathroom experience for more ordinary people in developing countries, with a focus on cross-border payment settlement. We would like to make sure that this project continues in an effective and healthy manner with a good business model.”

The aspect of cross-border transactions was further elaborated by the founder and CEO of MOSHROOM, Cosmos Wu:

“Since currency systems vary from country to country, it’s not an easy job to popularize our portable toilets around the world. Therefore, we are happy to work with TRON, one of the best in the blockchain community, and promote our project with the help of cryptocurrency.”

TRON and MOSHROOM will first promote portable toilets in Southeast Asia and India: regions with a considerably high population. The usage and payment of the toilets will be enabled by blockchain technologies.

So there you have it, ladies and gents. TRX is now a ‘sh*t-coin’ in a good way. The cryptocurrency will be advancing public health and sanitation as well as getting into a new industry of cross-border payments. One is tempted to remember that Justin Sun once worked for Ripple before starting his own project. Therefore, there is some hidden excitement in all this and as to what the final solution will be.

Note: This article was not meant to offend any TRX HODLer and fan. The pun was just too attractive.

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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

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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