Integrated Payment Gateway CoinPayments Adds Tron To Its Platform

CoinPayments, an integrated payment gateway that supports over 895 altcoins, has added Tron (TRX) to its platform. The addition enables over 2.20 million merchants in 182 countries to accept TRX as a mode of payment.

Founded in 2013, CoinPayments is the first payment processing firm to extend support to altcoins, in addition to Bitcoin (BTC).

The partnership is expected to aid the adoption of Tron (TRX) and expand its ecosystem. CoinPayments support GAP600 Instant Confirmations, speeding up Bitcoin payments. The payment processor also offers a vault to store coins.

The coins can be spent only on the basis of stipulated time amount specified. Furthermore, fiat settlements are provided directly to the bank accounts of merchants in the United States and Europe (euro). The simple interface makes it easy to perform point of sale transactions.

Notably, CoinPayments also support air drop of new coins and tokens, benefiting everyone. The Android and iOS app of CoinPayments enable access to account at any time, receiving payments in person and even convert cryptos. CoinPayments also offer auto-conversion of some of the cryptocurrencies. This avoids the need to move cryptos to anywhere else, thereby saving time and costs. The secure online wallet allows merchants to store cryptocurrencies, if required. More functionality is planned to be introduced in the coming months.

Tron continues to forge new partnerships in order to expand its ecosystem. To speed up the process of expansion, Tron has set August 30 as the date to launch its virtual machine (VM), which will facilitate developers to build decentralized applications easily.