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Author Topic: What are your thoughts on TRON's impact on the payment landscape?  (Read 209 times)
coinremitter (OP)
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November 02, 2023, 12:06:18 PM
 #1

TRON, a blockchain platform known for its high throughput and low fees, has the potential to significantly impact the payment landscape. Its fast transaction processing and scalability make it an attractive option for businesses looking to streamline payment processes. Additionally, TRON's focus on decentralization and accessibility aligns with the principles of many cryptocurrency enthusiasts. How do you see TRON's role in shaping the future of payments? Share your thoughts and insights below!
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November 02, 2023, 01:20:32 PM
 #2

[...]How do you see TRON's role in shaping the future of payments?
I would say that XRP has a higher chance specially after Ripple's 50-50 victory over the SEC filed case. If we're talking strictly of the payment system then I think XRP is more convenient and straightforward since users won't have to think about energy and bandwidth points when sending. I don't really see much future for Tron to be honest but maybe that's just me.
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November 02, 2023, 04:29:34 PM
 #3

TRON, a blockchain platform known for its high throughput and low fees, has the potential to significantly impact the payment landscape. Its fast transaction processing and scalability make it an attractive option for businesses looking to streamline payment processes. Additionally, TRON's focus on decentralization and accessibility aligns with the principles of many cryptocurrency enthusiasts. How do you see TRON's role in shaping the future of payments? Share your thoughts and insights below!
Honestly TRON has evolved among the Blockchain payment gateway basically because of it swiftness in transaction and low fee and competing with BSC and other Blockchain platform, personally I rate TRON Blockchain platform as the best among all the platforms, though BSC Blockchain platform is cheaper and faster however I don't think it's popular like TRON network, I believe as more adoption of crypto payment increases globally there would be a massive acceptable and deployment of TRON Blockchain for payment especially for business transactions that requires faster transaction between a buyer and the seller that would definitely shape the future of payment.

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November 02, 2023, 04:40:17 PM
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Tron is actually good, you can't really ignore a coin that is on top of the CMC. any project among the top of CMC is seemingly a good investment until the bear market surprises you. but its uncertain whether there are merchants who are willing to accept TRX for payment. the more you see BTC being the main coin in crypto, the lesser you look at the other coins unless in the bull time.

they are however promoting Tron payment with their gateways, there is potential for it but it will also take time before the real adoption of this token takes place. Major casinos though are adding it so theres the start just like the rest of the tokens out there.

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November 02, 2023, 05:43:10 PM
 #5

TUSD Monthly Report: October 2023
1. On October 2, Binance Pay and TUSD jointly launched a 30-day event where TUSD traders on Binance Pay could enjoy up to 50% discounts and even a chance to get up to 201 TUSD in token vouchers.

2. On October 24, TUSD rolled out a Halloween Costume Design Contest on Twitter where participants stood a chance to share rewards of 300 TUSD.

Please note that except for the TUSD issued on TRON, Ethereum, Avalanche, BNB Smart Chain (Native), and BNB Beacon Chain, TUSD on other networks are all wrapped versions.

https://trueusd.medium.com/tusd-monthly-report-october-2023-2bdcb41932a5

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November 02, 2023, 05:46:21 PM
 #6

TRON, a blockchain platform known for its high throughput and low fees, has the potential to significantly impact the payment landscape. Its fast transaction processing and scalability make it an attractive option for businesses looking to streamline payment processes. Additionally, TRON's focus on decentralization and accessibility aligns with the principles of many cryptocurrency enthusiasts. How do you see TRON's role in shaping the future of payments? Share your thoughts and insights below!
Personally Ive used tron lately due to a p2e games which uses their chain but I dont like their style of using tron to gain some energy and bandwith to make your fees lower, or if you dont have staked tokens youll incurred a bigger amount of trx. Well maybe I used to eth thats why its looks new to me but didnt really like the approach on that one.

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November 02, 2023, 06:30:02 PM
 #7

TRON, a blockchain platform known for its high throughput and low fees, has the potential to significantly impact the payment landscape. Its fast transaction processing and scalability make it an attractive option for businesses looking to streamline payment processes. Additionally, TRON's focus on decentralization and accessibility aligns with the principles of many cryptocurrency enthusiasts. How do you see TRON's role in shaping the future of payments? Share your thoughts and insights below!

Trons founder Justin sun has a mixed reputation throughout the industry. I agree with your statement about Tron's being fast and cheap with its scalable infrastructure. But why aren't many projects coming from that blockchain? Tron was supposed to lead the gaming industry but that didn't happen. Justin suns approach to manipulating the market by using his own token as collateral and mint stable coin in the tron blockchain gives him bad images. His stablecoin projects are not very transparent about their proof of reserve and i am not sure how he is managing SEC but i think there will be lawsuits against him in the future.
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November 02, 2023, 06:53:48 PM
 #8

Without a doubt TRON could have been the most sought after crypto currency had it not been for the Justin Sun and it's team as a whole and they literally stopped enhancing the project because of which they cannot keep upto date in this crypto rat race, TRON could have become a picaso for payment based crypto network but the team decided to let it go by not developing it further and I bet we cannot find any other crypto currency with such speed and low fees not even XRP, TRON was pegged to replace Ethereum and it would have done had it scaled up, I think TRON still stands a chance to make a comeback as there it's already most preferred payment transfer network and but the reputation which was ruined by Justin is something which is not easy to recover and I would like to see TRON excelling once again.

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coinremitter (OP)
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November 03, 2023, 05:44:53 AM
Last edit: November 05, 2023, 08:50:12 PM by Mr. Big
 #9

[...]How do you see TRON's role in shaping the future of payments?
I would say that XRP has a higher chance specially after Ripple's 50-50 victory over the SEC filed case. If we're talking strictly of the payment system then I think XRP is more convenient and straightforward since users won't have to think about energy and bandwidth points when sending. I don't really see much future for Tron to be honest but maybe that's just me.
I respect your opinion on XRP's potential in the payment landscape, especially after the SEC case. It's true that XRP offers some advantages in terms of energy and bandwidth efficiency. However, it's important to note that TRON also has its unique features and applications, which may find their place in the evolving crypto payments ecosystem. Different projects can coexist, and the future is full of surprises.



TRON, a blockchain platform known for its high throughput and low fees, has the potential to significantly impact the payment landscape. Its fast transaction processing and scalability make it an attractive option for businesses looking to streamline payment processes. Additionally, TRON's focus on decentralization and accessibility aligns with the principles of many cryptocurrency enthusiasts. How do you see TRON's role in shaping the future of payments? Share your thoughts and insights below!
Honestly TRON has evolved among the Blockchain payment gateway basically because of it swiftness in transaction and low fee and competing with BSC and other Blockchain platform, personally I rate TRON Blockchain platform as the best among all the platforms, though BSC Blockchain platform is cheaper and faster however I don't think it's popular like TRON network, I believe as more adoption of crypto payment increases globally there would be a massive acceptable and deployment of TRON Blockchain for payment especially for business transactions that requires faster transaction between a buyer and the seller that would definitely shape the future of payment.
Honestly TRON has evolved among the Blockchain payment gateway basically because of it swiftness in transaction and low fee and competing with BSC and other Blockchain platform, personally I rate TRON Blockchain platform as the best among all the platforms, though BSC Blockchain platform is cheaper and faster however I don't think it's popular like TRON network, I believe as more adoption of crypto payment increases globally there would be a massive acceptable and deployment of TRON Blockchain for payment especially for business transactions that requires faster transaction between a buyer and the seller that would definitely shape the future of payment.





coinremitter (OP)
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November 03, 2023, 06:27:14 AM
Last edit: November 05, 2023, 08:49:43 PM by Mr. Big
 #10


Tron is actually good, you can't really ignore a coin that is on top of the CMC. any project among the top of CMC is seemingly a good investment until the bear market surprises you. but its uncertain whether there are merchants who are willing to accept TRX for payment. the more you see BTC being the main coin in crypto, the lesser you look at the other coins unless in the bull time.

they are however promoting Tron payment with their gateways, there is potential for it but it will also take time before the real adoption of this token takes place. Major casinos though are adding it so theres the start just like the rest of the tokens out there.
As a crypto payment gateway, we agree that TRON (TRX) has shown promise, especially with its prominent position on CoinMarketCap. While BTC remains dominant, TRX is making strides, with the potential for more adoption, thanks to initiatives like Tron payment gateways and its integration into major casinos. Time will tell how it evolves.



TUSD Monthly Report: October 2023
1. On October 2, Binance Pay and TUSD jointly launched a 30-day event where TUSD traders on Binance Pay could enjoy up to 50% discounts and even a chance to get up to 201 TUSD in token vouchers.

2. On October 24, TUSD rolled out a Halloween Costume Design Contest on Twitter where participants stood a chance to share rewards of 300 TUSD.

Please note that except for the TUSD issued on TRON, Ethereum, Avalanche, BNB Smart Chain (Native), and BNB Beacon Chain, TUSD on other networks are all wrapped versions.

https://trueusd.medium.com/tusd-monthly-report-october-2023-2bdcb41932a5
It's great to see TUSD making moves in the payment landscape with events and contests like these. These initiatives show that TUSD is working to establish itself as a viable payment option, and the collaborations with platforms like Binance Pay can help drive its adoption. Looking forward to seeing how TUSD continues to evolve in the space.
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November 03, 2023, 06:41:49 AM
 #11

TRON, a blockchain platform known for its high throughput and low fees, has the potential to significantly impact the payment landscape. Its fast transaction processing and scalability make it an attractive option for businesses looking to streamline payment processes. Additionally, TRON's focus on decentralization and accessibility aligns with the principles of many cryptocurrency enthusiasts. How do you see TRON's role in shaping the future of payments? Share your thoughts and insights below!
Personally Ive used tron lately due to a p2e games which uses their chain but I dont like their style of using tron to gain some energy and bandwith to make your fees lower, or if you dont have staked tokens youll incurred a bigger amount of trx. Well maybe I used to eth thats why its looks new to me but didnt really like the approach on that one.
I understand your concerns about TRON's approach to using staked tokens for reducing fees. It's true that TRON's model may differ from what you're used to, especially if you've previously used Ethereum. Each blockchain has its unique features, and what works best can vary depending on the use case.It's essential to choose the platform, like Coinremitter, that aligns with your specific requirements.
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November 03, 2023, 06:48:11 AM
Last edit: November 05, 2023, 08:49:12 PM by Mr. Big
 #12

TRON, a blockchain platform known for its high throughput and low fees, has the potential to significantly impact the payment landscape. Its fast transaction processing and scalability make it an attractive option for businesses looking to streamline payment processes. Additionally, TRON's focus on decentralization and accessibility aligns with the principles of many cryptocurrency enthusiasts. How do you see TRON's role in shaping the future of payments? Share your thoughts and insights below!

Trons founder Justin sun has a mixed reputation throughout the industry. I agree with your statement about Tron's being fast and cheap with its scalable infrastructure. But why aren't many projects coming from that blockchain? Tron was supposed to lead the gaming industry but that didn't happen. Justin suns approach to manipulating the market by using his own token as collateral and mint stable coin in the tron blockchain gives him bad images. His stablecoin projects are not very transparent about their proof of reserve and i am not sure how he is managing SEC but i think there will be lawsuits against him in the future.
It's true that TRON's founder, Justin Sun, has a mixed reputation, and the scalability of TRON is commendable. However, TRON's impact on the payment landscape hasn't been as significant as some expected, especially in gaming. Justin Sun's market manipulation tactics and lack of transparency in stablecoin projects are concerning, and legal issues may arise in the future. TRON needs more development and transparency to fulfill its potential in the payment space.



Without a doubt TRON could have been the most sought after crypto currency had it not been for the Justin Sun and it's team as a whole and they literally stopped enhancing the project because of which they cannot keep upto date in this crypto rat race, TRON could have become a picaso for payment based crypto network but the team decided to let it go by not developing it further and I bet we cannot find any other crypto currency with such speed and low fees not even XRP, TRON was pegged to replace Ethereum and it would have done had it scaled up, I think TRON still stands a chance to make a comeback as there it's already most preferred payment transfer network and but the reputation which was ruined by Justin is something which is not easy to recover and I would like to see TRON excelling once again.
I understand your concerns about TRON's development and potential impact on the payment landscape. While TRON did have the potential to become a prominent payment-based crypto network, it faced challenges in its development and reputation. I share your hope that TRON can make a comeback and excel in the future, but its past issues need to be addressed for this to happen. It's essential to see positive changes and renewed commitment from the TRON team to regain trust and competitiveness in the crypto space.
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November 03, 2023, 08:05:30 AM
 #13

@coinremitter you are spamming your own thread. You could have quoted everyone with one reply rather quoting and creating multiple reply.

Coming back to Tron is one of the best Blockchain in terms of speed and fee. You only have to pay 1TRX as fee for transferring $1000 worth of Tron. Since the price of Tron is so low it makes it the cheapest transaction free regardless of any cryptocurrency in the market. Only one reason why it won't be accepted as an international payment processor is because it originated from China.

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November 03, 2023, 08:15:43 AM
 #14

The fast transaction processing and scalability of TRON can help streamline payment processes and improve efficiency. By utilizing blockchain technology TRON offers a transparent and secure payment system. But thing is that there are many Blockchains in the market and have a great Competitions between them. Some have faster transactions and some have low fee rate. Some have technical issues. I don't use much this transaction but I think it has also some bad feedbacks. So it should be improved.

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November 03, 2023, 08:28:21 AM
 #15

Well, XRP is back so there's a competition again. Do remember, XRP is the one which is mostly used for transactions before because of its fast and cheap transaction fees.
Tron is cool, it has the same feature but when it comes to popularity XRP did great by winning partially the case of SEC against them. There's a chance investors of XRP will be back and the demand will climb one more time just like it did before because of all the news that was created while they were fighting against the SEC, it's not easy to be on the front page and end up being a piece of good news. And the other thing is, they gained more reputation because they could just surrender it but they didn't which means they are serious about their work.
Just like Bitcoin who have Ethereum in competition as assets. I think Tron will be competing with XRP when it comes to payment options.

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November 03, 2023, 10:45:39 AM
 #16

Tron sucks, I don't how would you call it efficient when it charges $1 fees for a transfer, to make actually free transfers on this blockchain you require hefty amount of tron staked.

Imo, true potential to change payment landscape is for feeless blockchains . Several blockchains are there which require some native crypto staked and you can make free transfers, but none so far who is completely free.
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November 03, 2023, 11:25:45 AM
 #17

TRON exists because of USDT and its fees were low but I think people's mood will change over time as more will prefer to buy USDT on other blockchains like MATIC which has instant confirmations and fees so low that one dollar could lead you to make hundreds of transactions instead of one transaction.
If USDT decides to stop using the TRON blockchain, I imagine that the blockchain will be less used and will quickly turn into a dead blockchain.
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November 05, 2023, 05:37:55 PM
 #18

TRON, a blockchain platform known for its high throughput and low fees, has the potential to significantly impact the payment landscape. Its fast transaction processing and scalability make it an attractive option for businesses looking to streamline payment processes. Additionally, TRON's focus on decentralization and accessibility aligns with the principles of many cryptocurrency enthusiasts. How do you see TRON's role in shaping the future of payments? Share your thoughts and insights below!

TRON is great. But don't expect it to be used massively anytime soon. The project lacks originality and strong marketing/promotion efforts. Developers are much more interested in building dApps + tokens on other chains than TRON itself. With founder Justin Sun facing controversy within the crypto industry (he's a shady person, after all), I'd consider moving to alternative chains such as BSC or SOL.

It won't be long enough before TRON becomes another "Dogecoin". A "meme" coin driven by hype/speculation than anything else. Mainstream adoption is important for a project to withstand the test of time. And that's something TRON doesn't have despite being used by some for stablecoin transactions (mainly USDT). Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Just my thoughts Grin

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November 05, 2023, 09:05:58 PM
 #19

Imagine discovering Bitcoin and having an opportunity to be early on such a life changing technology, but then deciding instead to invest in some rich kid’s scam attempt to make himself a billion dollars with the hope that you’ll be able to sell to some other fool later for more money… TRON is garbage. Don’t let it steal your chance to own a piece of Bitcoin.

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November 06, 2023, 12:13:04 AM
 #20

It's all BS tron was not even decentralized as its being controlled by justin sun. Tron doesn't have impact to the payment landscape caused by any crypto can be used as a payment system. I remind you that this coin will be dead if there was no USDT which was helping tron a lot to keep its volume. Not even a good dapps used this blockchain caused by how complicated it is. It's overrated blockchain with very high fees. I rarely see people are transacting use tron as their payment system. People were only using USDT of tron like me which is cheap but not for its native coin.
Tron looks so horrible caused by it 's owned by someone who is being very obsessed in getting as much many as possible to live in luxury like justin sun. There is a lot of better coins out there that can be used as a payment system.

Tron is so garbage. I just tell you the fact. USDT is helping it to alive till this time. The different story if there was no USDT issued on the tron network. the story will be very different.
I never used tron again since last years.

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