MugglePay, a leading crypto payment service provider with the mission of servicing people with easy to use, fast, and cheap payment services, has just signed a strategic partnership deal with the TRON Foundation to use the platform’s TRC20-USDT stablecoin for settlement of transactions.
According to a release published today August 25, MugglePay, which let merchants across the globe to accept cryptocurrency via its peer-to-peer payment solution, opted for stablecoin to eliminate the problem of price fluctuations associated with cryptocurrency and lets merchant across the world facilitate cross-border transfer easily with their local currency.
MugglePay said it “is unified for merchants to settle USDT.” While MugglePay merchant demanded a lower cost and faster funds withdrawal and settlement means, the payment company said it chose TRON’s TRC20-USDT token due to its speed.
MugglePay said TRC20-USDT has the highest TPS amongst all the three networks issued by Tether.
Following the signing of the deal, MugglePay has integrated TRC20-USDT token on its social identity-based Telegram wallet MugglePayBot and merchants’ Portal for easy withdrawal and faster confirmation.
Below is the illustration of the withdrawal process on the MugglePay Portal and MugglePay Wallet respective.
The Asia-based payment company said it would be sharing its over 3000 merchants on the MugglePay platform with TRON Network. Hence they will be able to use TRC20-USDT to make fund withdrawal. Via the partnership, MugglePay said it would settle over 100,000 transactions monthly at a low cost.
TRON Exceeds Block Height 22.54 million as JustSwap Exceeds 10 million with 24 hours
In another development, the CEO of TRON blockchain and BitTorrent, Justin Sun, aired that the latest TRON Weekly report was accompanied by several milestones. The report confirms that TRON surpassed a blockchain height of 22.54 million.
Also, TRON’s recently launched lending project, JustSwap, was said to have exceeded $10 million within 24 hours.
