Thursday, May 6, 2021

TRX as Collateral for Loan as RenrenBit Goes Into Cooperation with Tron Foundation

RenrenBit, a safe, transparent and professional digital bank based on Blockchain has recently announced its cooperation with Tron Foundation, which enables the digital token TRX as collateral for RenrenBit C2C loan.

This also implies that users can borrow cryptocurrencies on the platform using TRX.

The report was shared via the digital bank’s official Twitter handle on 4th January 2020.

RenrenBit shared this, “We are very glad to announce the cooperation with the TRON team, Tron Foundation Justin Sun. Now RenrenBit C2C loan supports TRX as collateral. Borrow crypto with TRX”

TronLink Corroborates the New Development

TronLink, a tool that simplifies the access to the Tron Blockchain has recently corroborated the new development, stating that Tron blockchain will continue to gain traction as the year advances.

In the tweet, TronLink averred that 2020 will experience the rapid development of decentralized finance (DeFi), which will attract more prominent projects towards Tron blockchain.

TronLink shared this, “The year of 2020 will definitely witness the fast development of DeFi. As an advanced blockchain system, TRON will be chosen by more projects and all TronLink users will have the chance to experience the fast and secure DeFi applications.”

TRX in the Market

Virtually all the top 20 digital currencies in the market have been firing on all cylinders over the past hours in terms of price appreciation.

TRX, the 15th largest cryptocurrency is so far one of the top performers in the midst of the 20 largest cryptocurrencies. At press time, TRX is trading at $0.019953, with a 7.29% price uptrend in the last 24 hours.

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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