A revolution in the micropayments sector is expected out of cryptocurrencies like XRP. When it comes to moving value, people are in dire need of a technology that will help them to move micro value.
Navin Gupta, Ripple's managing director forSoutheast Asia, Middle East, and North Africa, stated, "Let's assume [the website]already has millions of subscribers and it's reaching a saturation point. Itwants to give you the right to read just one article at 10 cents… But there isno payment system in the world today, which can accept 10 cents from Emily andpay it to [a publisher].
Being able to provide for micropayments at a reasonable cost at a fast pace is not easy, and this is possible only with technologies like the crypto. Micropayments can be provided at the most negligible cost. Most of the bite-size services will need micropayments.
Another potential use case forthe micropayments will be in the video gaming industry. Hundreds and millionsof customers are waiting for such services. The pent-up demand is so much, and there is no reliable micropaymentsystem available now.
President Xi’s Blockchain Comments have led to a surge in the ChineseAltcoins. Universities seem to be comingup with blockchain courses overnight. The aftermath of Xi's comments is pushing the blockchain into themainstream infrastructure and culture. Initiatives from the local municipalsregarding blockchain technology are expected very soon. The ripple effect is catching up.
The primary beneficiary ofpresident Xi’s comment was the Bitcoin; however, the influence has spread toother Altcoins like TCAT tokens and a range of other Chinese Altcoins like Nebulas (NAS):53.1%; NEO (NEO): 30.2%; Ontology(ONT): 50%; QTUM (QTUM): 27%; TRON (TRX): 17.1%; and VeChain (VET): 25.3%.
The weeklyDapp report from the TRON Foundation projects that the Tron Dapps have begun togrow in their number from last week. However, the average number of users has not changed yet. Tron hasissued more than 12% of the overall USDT token supply.
There are atotal of 4.1 million Tether tokens in circulation. The new volume is because ofthe 100 million new TRC20 USDT tokens added to the pool.
TRON is reportedly focusing on creatinga global digital content entertainment system, which might be free and madeaccessible to all. The system is set toprovide for the ease and cost-effective sharing of digital content. Tron hasrecently partnered with Simplex to ensure fraud-free transactions on thenetwork.
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