Peer-to-peer (p2p) torrent consumer BitTorrent has introduced that its native token, BitTorrent Token (BTT), primarily based on the Tron protocol, is now supported by CoinPayments’ crypto funds gateway. The information was shared with Cointelegraph in a press launch Feb. 7.
As reported, BitTorrent launched its BTT token this January — its first full-fledged transfer to start to tokenize its content material sharing ecosystem, roughly six months after the corporate was acquired by decentralized web startup Tron.
In accordance with right now’s press launch, BitTorrent has already been collaborating with CoinPayments on supporting Tron (TRX), Bitcoin (BTC) and Binance Coin (BNB) funds for premium companies. With the addition of BTT assist, customers can now reportedly use the token to pay for BitTorrent and µTorrent Professional subscriptions, which provide file conversion, HD high quality streaming and malware safety.
Justin Solar, founding father of Tron and CEO of BitTorrent, has clarified the roadmap for tokenization of the BitTorrent ecosystem, stating that the partnership with CoinPayments is a bid to “make BitTorrent (BTT) liquid within the on-line market earlier than [the token] is absolutely built-in into our desktop and cell merchandise.”
This summer season, the BTT-powered blockchain utility “BitTorrent Velocity” will reportedly be rolled out as a part of BitTorrent’s Windows-based µTorrent Traditional consumer. In accordance with the BitTorrent site, the appliance will permit customers to alternate BTT for seeding and bandwidth to assist quicker obtain occasions.
BitTorrent — first created in 2004 — claims to have over 100 million customers in its present decentralized p2p community.
As reported, the roadmap for Tron and BitTorrent’s mutual integration has been dubbed “Venture Atlas,” which goals to create a decentralized content material distribution platform utilizing cryptocurrency.
As of press time, Tron (TRX) is ranked because the eighth largest cryptocurrency by market cap, and is buying and selling at round $0.0258, up 0.25 % on the day, in keeping with CoinMarketCap.