Peer-to-peer (p2p) torrent client BitTorrent has announced that its native token, BitTorrent Token (BTT), based on the Tron protocol, is currently supported by CoinPayments’ crypto payments gateway. The news was shared with Top Market Group in a press release February. 7.
As reported, BitTorrent launched its BTT token this January — its 1st full-fledged move to start to tokenize its content sharing ecosystem, roughly six months once the corporate was acquired by decentralized internet startup Tron.
According to today’s press release, BitTorrent has already been collaborating with CoinPayments on supporting Tron (TRX), Bitcoin (BTC) and Binance Coin (BNB) payments for premium services. With the addition of BTT support, users will currently reportedly use the token to pay for BitTorrent and µTorrent pro subscriptions, which provide file conversion, HD quality streaming and malware protection.
Justin Sun, founder of Tron and chief executive officer of BitTorrent, has clarified the roadmap for tokenization of the BitTorrent ecosystem, stating that the partnership with CoinPayments may be a bid to “make BitTorrent (BTT) liquid within the on-line marketplace before [the token] is totally integrated into our desktop and mobile product.”
This summer, the BTT-powered blockchain application “BitTorrent Speed” can reportedly be unrolled as a part of BitTorrent’s Windows-based µTorrent Classic shopper. As per the BitTorrent website, the appliance can enable users to exchange BTT for seeding and bandwidth to support quicker download times.
BitTorrent — 1st created in 2004 — claims to own over 100 million users in its existing decentralized p2p network.
As reported, the roadmap for Tron and BitTorrent’s mutual integration has been dubbed “Project Atlas,” that aims to form a decentralized content distribution platform exploitation cryptocurrency.
As of press time, Tron (TRX) is ranked because the 8th largest cryptocurrency by market cap, and is mercantilism at around $0.0258, up 0.25 % on the day, as per TopMarketCap.
To know more on Cryptocurrency and Blockchain events, follow us on Facebook, YouTube, Twitter, LinkedIn, Reddit, Telegram, BitcoinTalk, and we are also on Medium now
