The state of mind and the crypto-verse feel of this Friday, August 24th is optimistic as the SEC announced that it was examining all 9 denials of the ETF backed by Bitcoin. The nine ETFs of ProShares, Direxion and GraniteShares were rejected yesterday due to concerns about volatility and the lack of "significant size" markets to support ETFs. Examining the denials, the SEC suggests the possibility of approving at least one ETF in the future.
TRX Accessible to more than 2.2 million businesses and users
To add to the above optimism, our favorite digital resource from Tron (TRX) is now available to over 2.2 million businesses and users as a payment method through the CoinPayments platform. Justin Sun made an announcement a few hours ago via twitter as we can see below.
Over 2.2 million businesses and users can now accept $ TRX as a payment method! This huge step towards the adoption of cryptocurrency will support #TRON a rapid growth and will offer more freedom to the owners #TRX ! @CoinPaymentsNET @tronfoundation https://t.co/gY2GY6V4VF
– Justin Sun (@justinsuntron) 23 August 2018
On the CoinPayments blog, a brief history of TRX and its use as a payment option was given further showing their enthusiasm for the project and the currency:
TRON (TRX) is currently one of the best cryptocurrencies in the world based on market capitalization. TRX can be used to buy products and services both online and offline, fund projects and much more!
Consumers can use TRX to pay for content and these tokens will go to the content producers' accounts, where they can be exchanged for other cryptocurrencies, fiat coins (dollar, euro, etc.) or used to pay for other goods and services.
The CoinPayments platform went ahead and explained why they chose TRX.
TRX is currently accepted in many online and offline markets. Enabling TRX acceptance at an early stage will help traders reach a vibrant community eager to use TRON tokens.
Following TRON Mainnet and their recent acquisition of BitTorrent, why not get an edge in coin accumulation by accepting TRON (TRX) payments in your store today!
CoinPayments is the first and largest payment processor of over 895 cryptocurrencies. The payment processor serves over 2,228,000 sellers in 182 different countries. The platform can also facilitate fiat settlements, coin conversions and a vault to store your coins. There is also a multi-currency portfolio and the POS interface (Point of Sale) for store transactions.
Analysis of the current TRX market in view of the integration of the virtual machine
The TRX is currently trading at $ 0.021 and an increase of 5.1% over the last 24 hours. The project also has an important event that lasts less than a week and on August 30th. This event is the final integration of the official Tron Virtual Machine into the Mainnet, making the creation of Dapp a possibility for developers on the network.