Over the past few years, TRON (TRX) has emerged as one of the more promising cryptocurrencies in the market, and today, there was another landmark announcement regarding the token. According to the announcement today, TRX has partnered with Metal Pay, a cryptocurrency service provider, and the agreement is expected to be beneficial for the cryptocurrency.
Major Details
By way of this agreement, users on the Metal Pay mobile application will be able to purchase TRX with fiat currency. This is a major development because it opens up TRX to a far bigger pool of investors and could have an effect on its price as well.
In this regard, it should also be pointed out that people who hold TRON can also earn 5% cash back in the form of MTLs, which are Metal Pay’s very own tokens. The Metal Pay platform offers other useful services as well. Users who hold TRX will be able to use the platform’s exchange to turn it into 20 other cryptocurrencies.
Cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC) are included among those. Metal Pay has emerged as one of the more promising platforms in recent times, but it remains to be seen if TRX can manage to benefit from this partnership.
However, there are some things that need to be kept in mind by potential users of Metal Pay. A spokesperson for the company stated that identity verification will need to be completed in order to sign up for the service. Users need to make a bank account that is insured by the Federal Deposit Insurance Corporation in order to use Metal Pay.
>> Bitcoin (BTC) Soars 10% on Strong Momentum: A Change Coming?
Once identity verification is completed, a user can buy cryptocurrencies worth as much as $3,000 per day, $12,000 each month, or $40,000 a year. This is a service that will allow users to buy TRON tokens easily in exchange for fiat.
Featured image: DepositPhotos © hello.artmagination.com