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Tron Partners with Metal Pay to Offer TRX for US Remittances Amid COVID-19 Pandemic

News
Wed, 03/25/2020 - 15:00
Yuri Molchan
Tron has partnered with remittance platform Metal Pay to offer TRX for purchasing with USD to US citizens as US government is discussing launching a digital dollar
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A press-release shared with U.Today states that Tron struck a new partnership, this time teaming up with Metal Pay – a digital money remittance service that also works with cryptocurrencies.

Now that the partnership is up and running, US citizens will be able to buy TRX in USD and easily send it to any part of the globe.

A measure that seems quite reasonable among the spreading coronavirus pandemic and the US government discussing the launch of a digital dollar.

TRX now available for instant payments via USD

Tron’s coin can now be bought with USD using a debit card or a checking account via the Metal Pay app. Users will even get a cashback of 5 percent. The app also works with over twenty other cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and the company’s own token MTL and offers conversions from one crypto asset to another.

The Metal Pay CEO, Marshall Hayner, has commented on this new partnership with enthusiasm:

“I believe that TRON shows incredible promise for blockchain technology and decentralized systems, and I’m excited for the chance to work with them as we build the future.”

The press release emphasizes the importance of digital payments during the current coronavirus outbreak.

“At a time when much of the global population is in lockdown, the need to be able to digitally send cash between friends and family, quickly and affordably, has never been greater.”

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US Congress eyes digital USD amid the COVID-19 outbreak

As reported by Forbes, the US Democratic Party has suggested introducing a digital version of the USD and creating digital dollar wallets as part of the stimulus plan to support the US economy amidst the coronavirus pandemic.

Recently, the government has approved the decision of President Trump to provide each US citizen with a monthly cheque for $1,200 to help them throughout the current difficult times.

The digital USD and digital dollar wallets are considered an alternative for more easily sending money to people and for safer use of it – the use of traditional paper banknotes in all quarantined countries is decreasing at the moment as it is believed to be spreading COVID-19 faster.

Many crypto enthusiasts suggest that cryptocurrencies would be the best solution, under the circumstances. Besides, many on crypto Twitter remind the community that while the USD is producing the QE dollars out of thin air, Bitcoin is designed to be anti-inflationary, since its total amount of 21 million cannot be increased.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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