In line with an official press-release, P2P [Peer-to-Peer] torrent client BitTorrent has revealed that its native token, BTT [BitTorrent Token], based on Tron protocol, is presently supported by renowned crypto payments gateway named ‘CoinPayments’.
As ‘reported‘ earlier, BitTorrent launched its BTT token this Jan. — its 1st full-fledged move to begin to tokenize its content sharing phase, roughly six months after the corporate was acquired by decentralized web startup ‘Tron’.
As per today’s announcement, BTT [BitTorrent] has already been collaborating with CoinPayments supporting Tron [TRX], Bitcoin [BTC] and Binance Coin [BNB] payments for premium services. With the addition of BTT support, users would be now reportedly be able to use the token to obtain BitTorrent and µTorrent professional subscriptions, which provide file conversion, HD quality streaming and malware protection.
Founder of Tron [TRX] and chief executive officer of BitTorrent ‘Justin Sun’, has disclosed a roadmap for tokenization of the BitTorrent scheme, stating that the partnership with CoinPayments is expected to be a bid to “make BTT [BitTorrent] liquid within the on-line marketplace before the token can be totally integrated into the desktop and mobile products.”
Earlier this summer, the BTT-powered blockchain application “BitTorrent Speed” is expectedly to be rolled out as a part of BitTorrent’s Windows-based µTorrent Classic client. In line with the BTT [BitTorrent] official ‘web-site‘, the app can permit users to exchange BTT for seeding and bandwidth to support quicker downloads.
BitTorrent — 1st created in 2004 — claims to possess over a hundred million users in its existing decentralized P2P network.
As ‘reported‘ earlier, the roadmap for Tron and BitTorrent’s mutual integration has been dubbed “Project Atlas,” that aims to create a decentralized content distribution platform employing cryptocurrencies.
At the reporting time, Tron [TRX] is ranked at the 8th position by market cap, and is presently trading around at ‘$0.02576 USD‘, down 0.74 % on the day.