Peer-to-peer (p2p) torrent customer BitTorrent has announced that its native market, BitTorrent Token (BTT), based on the Tron protocol, is now supported by CoinPayments' crypto payments gateway. The information was shared with Cointelegraph in a press release Feb. 7.
Since reported, BitTorrent started its BTT token this January -- its very first full-fledged move to start to tokenize its content sharing ecosystem, approximately six weeks after the firm was obtained by decentralized internet startup Tron.
According to the current press launch, BitTorrent has been cooperating with CoinPayments on supporting Tron (TRX), Bitcoin (BTC) and also Binance Coin (BNB) obligations for services. With the addition of BTT support, users can reportedly use the token to cover BitTorrent and µTorrent Pro subscriptions, which offer document conversion, HD standard streaming along with malwareprotection.
Justin Sun, founder of Tron and CEO of BitTorrent, has explained the roadmap to get tokenization of this BitTorrent ecosystem, stating that the partnership with CoinPayments is a bid to"create BitTorrent (BTT) liquid in the internet market before [the token] is fully integrated in to our desktop and mobile goods."
This summer, the BTT-powered blockchain application "BitTorrent Speed" will soon be rolled out as part of BitTorrent's Windows-established µTorrent Classic customer. According to the BitTorrent site, the application enables users to exchange BTT for seeding and bandwidth to encourage quicker download times.
BitTorrent -- first created in 2004 -- claims to have over 100 million consumers in its present decentralized p2p network.
Since reported, the roadmap for both Tron and BitTorrent's mutual integration was dubbed "Project Atlas," which intends to produce a decentralized content distribution platform using cryptocurrency.
As of press time, Tron (TRX) is ranked as the 8th largest cryptocurrency by market cap, which will be trading at around $0.0258, up 0.25 per cent on the evening, based on CoinMarketCap.