Tron to be Used in E-Commerce Following Partnership with Shopping.io
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Tron (TRX) has partnered with Shopping.io, a crypto form to simplify cryptocurrency purchases and activities in the e-commerce sector.
Shopping.io announced the new development via a press release on Wednesday, noting that the partnership would facilitate the integration of TRX, Tron’s native token, in its platform. As a result, TRX holders can now shop on prominent e-commerce platforms.
This new agreement is in line with Shopping.io’s vision to forge strong partnerships with top crypto projects to boost the mainstream trajectory of cryptos. According to its website, Shopping.io provides support for over 100 crypto assets. To boost TRX usage for purchases, the online shopping platform currently offers a 2% discount promotion on all shopping items.
Commenting on the new development, Tron founder Justin Sun communicated his excitement and noted that this partnership would give the Tron community access to top e-commerce websites like Amazon, eBay, and Etsy.
Meanwhile, the CEO and founder of Shopping.io, Arbel Ariff, noted that:
“We are so excited to give TRON holders the ability to shop with us! Getting to work with TRON was a huge goal this year as we push to collaborate with every big name in crypto.”
Key Tron Levels to Watch — August 27
Along with most of the crypto market, TRX suffered a significant dip this week, following Bitcoin’s rejection from the $50k mark. Tron recorded a 10% decline from its Monday highs around $0.0920 to the $0.0820 support.
Nonetheless, the twenty-sixth-largest cryptocurrency is on a recovery momentum (rebound) from the $0.0820 support and currently battles with the $0.0850 resistance.
We expect a bullish continuation over the coming hours and days towards the $0.0950 level. Our bullish bias gets support from the fact that TRX is recovering from oversold conditions and the booming trading volume seen over the past few hours. Additionally, weekends are usually bullish for the crypto industry, which is a crucial point to keep in mind as we head into the weekend.
Meanwhile, our resistance levels are $0.0900, $0.0950, and $0.1000, and our support levels are $0.0820, $0.0800, and $0.0780.
Total Market Capitalization: $2.11 trillion
Tron Market Capitalization: $6 billion
Tron Dominance: 0.28%
Market Rank: #26
