BitTorrent’s native token BTT to be supported by CoinPayments
In an interesting development on Thursday, peer-to-peer [P2P] file sharing system BitTorrent announced that its native token, BTT is now supported by CoinPayments, according to a report by Cointelegraph.
As reported by BC Focus, earlier in the month of January, the company announced the launch of its own cryptocurrency [BTT]. This move came about six months after its acquisition by Tron.
As per the press release shared with Cointelegraph, BitTorrent has been working closely with CoinPayments for quite some time and has helped it in providing support for Bitcoin (BTC), Tron (TRX), and Binance Coin (BNB).
The addition of this new token will help users to pay for BitTorrent and µTorrent Pro subscriptions, which offer file conversion, HD quality streaming and malware protection.
Making the aim of the partnership with CoinPayments crystal clear, Justin Sun, founder and CEO of Tron said that the partnership with CoinPayments is a bid to “make BTT liquid in the online marketplace before the token is fully integrated into our desktop and mobile products.”
Tron’s acquisition of BitTorrent in June last year was a big step towards decentralization of the web.
“With the integration, TRON aims to liberate the Internet from the stranglehold of large corporations, give data rights back to the individual, and reignite the early 21st century vision of a free, transparent, decentralized network to connect the world, because the internet belongs to the people,” said Justin Sun at the time.
The report further notes that there are plans this summer to launch “BitTorrent Speed” which will reportedly be rolled out as part of BitTorrent’s Windows-based µTorrent Classic client.
It is worthwhile to note here that Project Atlas is an integration of Tron’s roadmap and BitTorrent’s reach. In simple words Project Atlas is a Peer-to-Peer (P2P) software that allows users to earn and spend cryptos while sharing files and BitTorrent’s massive user base will provide the perfect launchpad for Tron.
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