TRON partners with Shopping.io to enable TRX spending in e-commerce
- To incentivize TRX use, Shopping.io has rolled out a two-week 2% discount promotion.
- Through this integration, TRX HODLers will be able to shop on platforms like Amazon and Etsy.
- Per Justin Sun, Shopping.io offers crypto adopters real-world use cases for their portfolios.
Shopping.io, a crypto firm that seeks to simplify crypto purchases by acting as a bridge between crypto and the e-commerce sector, has joined hands with TRON. The company unveiled this news through a press release on August 25, saying this partnership will see it add support for Tron (TRX/USD), the native token of the TRON Network, on its platform. In so doing, Shopping.io allowed TRX HODLers to shop on leading e-commerce platforms.
According to the news release, this partnership is part of Shopping.io’s vision of making crypto mainstream by forging partnerships with top crypto projects. The platform’s website claims that it currently supports over 100 crypto assets. To foster TRX use, Shopping.io launched a 2% discount promotion on all items that shoppers purchase. The promotion is set to run until September 7, 2021.
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Commenting on this partnership, Tron’s founder, Justin Sun, said it would let the TRON community shop on major e-commerce websites, such as Amazon, eBay, and Etsy. He added the Shopping.io platform offers its users real-world use cases for their crypto portfolio.
Elated about onboarding TRX on Shopping.io, the platform’s CEO and owner, Arbel Arif, said,
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.
Shopping.io continues rapidly
Shopping.io, which also supports checking out with crypto on Walmart, has had explosive growth since its launch in December last year. With plans to integrate AliExpress, the platform has attracted users because it enables free shipping on all supported e-commerce platforms. Moreover, Shopping.io eliminates the need to open third-party accounts to simplify its user experience.
In August alone, the platform has integrated three coins into its platform, with the other two being Enjin (ENJ/USD) and Chain Games (CHAIN). Additionally, the platform added support for PayPal, allowing users to checkout with fiats.
While Shopping.io is performing well, the same cannot be said for TRX. At the time of writing, the coin is trading sideways at $0.084 (£0.061). Unlike other leading cryptocurrencies, TRX did not manage to surge past its previous 2018 all-time high (ATH) of $0.30 (£0.22) after the crypto market rallied for the first five months of 2021. The coin is currently 72.09% down from its ATH.