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BUSD - Binance's USD stablecoin has now added the latest crypto payment method to the BitTorrent and Torrent platforms. The move now includes six peer-to-peer (P2P) file sharing services that support six secret passwords. Tron's CEO Justin's CEO bought BitTorrent in June 2018, focusing on the platform's turning point in encryption and blocking space. P2P documents sharing and unauthorized value sharing share the same philosophy, the former being one of the earliest applications and applications of blockchain. Samuel Lim, CEO of Finance, spoke about the addition of BUSD as a means of payment. “We are pleased to partner with BitTorrent, offering NUDFS BUSD customized fixed currency and the main way to pay for Classic Pro purchases. BUSD is growing in use and application in this area. 'Stable currencies like the BUSD will be the best option for payments in the near future, designed to maintain global value and facilitate global migration.' The CEO of Tron stated about adding BUSD as a payment method: Today we are happy to accept BUSD as another digital payment option of Classic Pro for BitTorrent and torrent users. By using BUSD or our other supported cryptocurrencies, millions of users can unlock powerful features such as malware protection from our popular desktop torrent clients. ”
In Jan 2018 , the price of BitTorrent was Rs25.432 and volume of Rs873582.56 with market cap of Rs0.
In December 2018, the price of BitTorrent was Rs4.38 and volume of Rs903415.11 with market cap of Rs567398573
In January 2019, the price of BitTorrent Token was Rs2.92 and volume of Rs1898955 with market cap of Rs164909847.
In December 2019, the price of bittorrent token was Rs95.05 and volume of Rs1061315315 with market cap of Rs1.65839767e10
In January 2020, the price of BITTORRENT was Rs85.54 and volume of Rs647382.5 with market cap of Rs1.56820473e10
In August 2020, the price of BITTORRENT was Rs484.755 and volume of Rs7.91449814e9 with market cap of Rs4.57158976e10
BitTorrent was one of the first decentralized networks on the Internet, and it was a huge success, with over 100 million monthly users. Now Tron is monitoring the BitTorrent protocol and trying to integrate blockchain technology into the ecosystem, creating a standalone business model in which users are encouraged to share and download content.
While this is an ambitious idea, questions arise as to whether or not it really matters, let alone the legality of encouraging sharing and downloading of copyrighted content.
There has also been some skepticism about the rapid rise in the price of BTT tokens, with some claiming that the increase is nothing more than the hype inspired by Justin Sun, and that once it stops growing the currency, its price will collapse.
Others find that making this popular file-sharing service popular is a genius, and that it marks the beginning of a tremendous achievement in the blockchain sector.
If you choose to jump into the BTT token, understand now that their price has already multiplied by 7. in two weeks already. Keep in mind that, although there are big promises in this project, it will take at least several months before the most basic incentives can be added to BitTorrent, and while investing at this point may still get you very early if the project is successful, it is also an extremely risky investment given the questions about it. whole BTT project.