TRON entering US market through Metal Pay partnership

The US crypto market still lacks any kind of crypto regulations that would bring much-needed clarity. With such uncertainty, many foreign exchanges have stopped serving US customers. This means that US traders only have access to a handful of coins that the regulators allow within the country.

Meanwhile, cryptocurrencies like TRON can no longer count on US investors and traders to use them and increase their volume. This is why this project, in particular, started making steps to make itself available to the US crypto users.

The most recent move towards this goal includes TRON’s new partnership with Metal Pay. This is a San Francisco-based P2P platform that will integrate TRX into its mobile app.

TRX now available in Metal Pay app

Metal Pay currently serves around 130,000 users in the US, who can use its app to purchase TRX via crypto or fiat currencies. Meanwhile, users can deposit money via linked bank accounts, debit cards, or use their cash balance.

TRON will also benefit from the partnership by joining Metal Pay’s reward feature, Pop. Pop works by rewarding those who use the platform and help it grow by giving them a monetary incentive. In other words, Metal Pay users who hold TRX will receive rewards for each transaction. The rewards will depend on the size of the transaction, going up to 5%.

The rewards themselves will come in the form of MTL, Metal Pay’s native coin. MTL can then be exchanged, held, or sent to another user.

Metal Pay also works as a crypto conversion service, which features more than 20 coins that are paired against one another. Other assets, apart from MTL and now TRX, include BTC, ETH, and others.

The value of the new partnership

Metal Pay’s CEO and founder, Marshall Hayner, noted that the company’s ecosystem is “Home to a variety of developers, dApps, and more, the products that Metal is building will accelerate the growth of the cryptocurrency ecosystem.” As such, Metal Pay values the addition of TRON, which provides its community with a new decentralized finances platform.

The move comes at the time when TRON is seeking out new use cases, as well as trying to conquer new markets. Previously, the token became a part of Samsung’s Blockchain Keystore, which is a major part of Samsung’s blockchain initiative.

TRON’s own CEO, Justin Sun, also commented on the new development. He said that “With Metal Pay, we have created the fastest TRX transaction infrastructure while maintaining world-class security.”