Tron’s Global Impact: India, Asia, and Beyond

By August 1, 2018Tron | TRX

In order to realize their vision of a decentralized internet, TRON continues to release new products and partner with platforms and developers around the world. With their recent opening of offices in San Francisco, TRON truly has a global footprint. Soon enough, we will start seeing Tron’s global impact around the world.

Tron and the Indian RBI Ban

On July 23, 2018, Indian stock exchanges, Zebpay and WaxirX, have announced integration with the TRON mainnet and TRX20 tokens. The Indian crypto market is battling a ban from changing digital money to INR [Indian Rupee]. Yet, TRX has resumed exchanging with Indian traders.

TRON’s blockchain update initiatives and the migration of tokens are familiar to the cryptocurrency community. TRX can’t be withdrawn or deposited in INR, despite this positive movement and the integration of TRON mainnet and WaxirX India.

Users have taken to Twitter asking exchanges to convert, but their hands are tied. INR conversion is suspended until the Supreme Court of India approves the notification.

On April 6, 2018, the Reserve Bank of India (RBI) banned financial institutions from providing services to cryptocurrency companies. The ban took effect on July 5th, despite petitions by a number of industry leaders.

On July 3rd, the Supreme Court heard the case by the Internet and Mobile Association of India (IAMAI) who argued against the ban. IAMAI submitted documentation to RBI explaining the ins and out of blockchain and crypto in the hopes that they might gain understanding and reverse their position. However, this proved to be in futility.

Crypto companies and users had hoped the hearing on July 20th would bring relief but, again, that was in vain. The court heard limited arguments by both sides and set the final hearing for the fall. Nonetheless, people in India are still finding ways of circumventing this ban.

TronLink Released

On July 21, 2018, TRON announced the release of this Chrome extension, built by TronWatch Developers. This browser extension allows users to easily and seamlessly access the TRON blockchain. Through TronLink, users can securely send, receive, and sign transactions, hassle-free.

Users can see applications, games, and sites, amongst other things, all powered by TRON’s blockchain. This secured bridge connects the user to the platform with ease. As a result, the community responded positively to this addition to the ecosystem, leading up to the TVM launch on July 30th.

Tron Asian Partnerships

TRON, thanks to its forward thinking leadership, has recently partnered with Minkabu, the operator of the largest social media for investors in Asia. This company leverages social media and crowd analysis with valuation analysis of real-time financial markets. Minkabu provides live investment ideas for stocks and even offers accessibility to cryptocurrencies for its clients.

Justin Sun commented on Twitter:

#TRON #TRX Japanese #TRONICS can follow $TRX on @minnanokasotuka, the operator of the largest social media for investors in Asia. Its core functions are world unique “real-time” financial information through its “crowd analysis” and “automated analysis.

It seems that Justin is thrilled about this partnership and all Minkabu can bring to the thriving digital ecosystem.

From India to Asia, to anywhere in the world with the Chrome extension, it’s clear to see that this blockchain ecosystem is expanding its global footprint. 

 

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George Rodriguez

Bachelor of Science in Electrical Engineering with 16 years experience in a Fortune 500 company. Ten years of which were in a real-time operations leadership role. An early investor in TRX and an avid blockchain enthusiast. Currently, handling Tronspark digital operations and residing in Miami, Florida.