Blockchain platform TRON has confirmed a new partnership with Shopping.io, a platform that allows crypto users to spend their tokens online. The collaboration brings TRON’s native Tronix (TRX) token to the world of eCommerce, thanks to Shopping.io’s integrations with the likes of Amazon, eBay, Etsy, and Walmart.
Under the terms of the deal, TRX token-holders also earn a 2% discount on all items when using the asset to make purchases for the first two weeks, starting August 25.
“We are thrilled to be partnering with Shopping.io to allow our community to use TRX on major eCommerce websites like Amazon, eBay, and Etsy,” said TRON founder Justin Sun. “Shopping.io provides users with real-world applications for their portfolio.”
Sun’s remarks were echoed by Shopping.io CEO Arbel Arif, who added, “We are so excited to give TRON holders the ability to shop with us. Getting to work with TRON was a huge goal this year as we push to collaborate with every big name in crypto.”
Taking TRX to the Next Level
Although many merchants around the world already accept TRX as a mode of payment, TRON’s partnership with Shopping.io brings the asset to a much wider audience, enabling holders to spend the asset on everyday items, electronics, games, and novelty pieces.
The partnership comes at an interesting time for TRON. Last month, the number of daily transactions processed on the network soared past 9 million setting a record high. The number of daily new accounts also reached an all-time high of 621,850. To date, over 2.2 billion transactions have been carried out on the network since it launched four years ago.
And TRX could soon receive another boost, with the TRON Foundation’s announcement of a $300 million ‘JustPlay’ fund to bootstrap GameFi projects over the next three years. GameFi, which combines elements of decentralized finance (defi), gaming, and NFTs, is a fast-growing sector that involves the gamification of financial mechanisms and incentivizes gamers to earn profits in crypto.
Any GameFi projects building on TRON will be a boon for TRX, which is the basic unit of account on the eponymous blockchain and thus powers all transactions and applications on the network.
Shopping.io Simplifies Online Shopping with Crypto
Since launching in December 2020, Shopping.io has been on a mission to simplify online shopping for crypto users while providing incentives such as free shipping and token airdrops.
Launched by a team of drop-shipping veterans, the platform represents a useful bridge between eCommerce sites and the crypto world. It even has its own native coins, SPI and GSPI, which can be used for staking purposes.
As well as joining forces with several international eCommerce giants, Shopping.io has partnered with a slew of blockchains and exchanges including VeChain, Elrond, Uniswap, Bittrex and KuCoin. It also just partnered with PayPal, meaning users can choose between spending crypto or fiat at the checkout.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
