TRON (TRX) Shows Promise in LATAM as 48.78% of Uquid Customers Use the Network to Transact with USDT

Latin America (LATAM) is showing a noteworthy trend where more Web3 consumers are using the TRON network for their transactions. As of right now, an astounding 48.78% of Uquid customers in the area are making their transactions with USDT on the TRON network.

More Web3 Consumers In Latin America Are Using TRON (TRX) Network For Transactions

Latin America (LATAM) is seeing a noteworthy trend where more Web3 consumers are using the TRON network for their transactions. As of right now, an astounding 48.78% of Uquid customers in the area are making their transactions with USDT on the TRON network.

This amazing figure highlights the increasing inclination in the area for TRON-based transactions, which is indicative of a larger movement towards blockchain solutions.

A Significant Trend In LATAM #Web3 Shopping

A whopping 48.78% of Uquid users in Latin America utilize USDT on the @trondao network for their purchases. This remarkable statistic underscores the growing preference for TRON-based transactions in the region.

Want to jump on this bandwagon & start accepting crypto payments?

Hit us up!

pic.twitter.com/VvbqWyooaf

— UQUID (@uquidcard) June 21, 2024

TRON’s Advantages: High Throughput, Scalability, And Low Fees

TRON is a popular choice for digital transactions because of its reputation for high throughput, scalability, and low transaction costs. TRON blockchain processing is quick and effective, able to manage up to 2,000 transactions per second (TPS).

This capability is especially beneficial for users in LATAM, where transaction speed and cost-effectiveness are highly valued. TRON’s low transaction fees, which average around $0.000005 per transaction, further enhance its appeal in a region often grappling with economic turbulence and local currency depreciation.

As digital dollars are surging in Latin America (LATAM) owing to the unstable economy, a 2023 Bitso study reveals

With the devaluation of local currencies and the unstable economic conditions, customers are increasingly turning to USDT for its stability, low transaction fees, and fast processing times.

This preference is further amplified by the integration of USDT with the TRON blockchain, which provides a stable platform for spending and financial planning.

In Latin America, customers are pivoting towards USDT on TRON, which is emerging as the optimal choice due to its enhanced speed, security, and affordability, all thanks to the TRON blockchain.

Collaboration Enhances User Experience

The partnership between TRON and Uquid is set to completely transform users’ shopping experiences in Latin America.

TRON’s cutting-edge blockchain technology and Uquid’s advanced platform come together to enable seamless shopping for an expansive range of over 166 million products. This alliance, in addition to boosting transaction efficiency, also instills greater confidence in the security and reliability of their transactions among consumers.

Meanwhile, TRON (TRX) is currently trading at around $0.118, showcasing a 1.24% increase over the past 24 hours, according to CoinMarketCap. Over the last week, TRX has also demonstrated a bullish trend, rising by 1.45%. This strong performance highlights TRON’s continuous market growth and potential for further expansion.

Apart from its success in the market, TRON has been enhancing its cybersecurity protocols. Previously, TRON partnered with leading cybersecurity company Fears Off to bolster its cybersecurity measures, a development covered by Crypto News Flash.

This collaboration aims to identify and mitigate any risks, ensuring the safety of transactions on the TRON network and providing a more secure environment for users.

News source：https://www.kdj.com/cryptocurrencies-news/articles/tron-trx-promise-latam-uquid-customers-network-transact-usdt.html

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