Tron, a blockchain-based decentralized platform just announced its partnership with a digital payment processing app called Metal Pay.
The resulting collaboration will allow US citizens to instantly acquire Tron (TRX) through the Metal Pay app through credit or debit card payments, providing a fiat-to-crypto on-ramp to TRX in the United States. On the other hand, Metal Pay also has its own native token— Metal (MTL) which it offers as a reward token to users who transact on the platform.
The development is one of a series of recent partnership efforts by the Tron Foundation and its CEO Justin Sun to improve TRX adoption in the US—helping to make cryptocurrencies more accessible to those without a detailed understanding of the industry.
Significance of the Partnership
Tron and Metal Pay can be considered established, but growing platforms in the cryptocurrency space, since both projects were launched in 2017.
Both Tron and Metal Pay launched in an industry dominated by major players that had been operating for several years already—as such, the odds were not in their favor to succeed. For example, Tron’s biggest competitors included blockchain giants like Ethereum, Cardano, Qtum and more, whereas Metal Pay was up against payment processing giants, including Square, Venmo and Payoneer.
Few people know just how easy it is to send cryptocurrency to friends.
On Metal Pay, you never pay a fee for sending crypto to another Metal Pay user.
No need to type in a messy wallet address – just tap a contact and you’re good to go.
Crypto was always meant to be this easy.
— Metal Pay (@metalpaysme) March 14, 2020
However, despite the competition, both Tron and Metal Pay have risen up to become successful platforms in their own rights,