Peer-to-peer (p2p) torrent client has announced that its native , BitTorrent (BTT), based on the protocol, is now supported by CoinPayments’ crypto payments gateway. The was shared with Cointelegraph in a press release Feb. 7.
As , BitTorrent launched its BTT this January — its first full-fledged move to begin to tokenize its content sharing ecosystem, roughly six months after the company was by decentralized internet startup .
According to today’s press release, BitTorrent has already been collaborating with CoinPayments on supporting (TRX), () and Coin (BNB) payments for premium services. With the addition of BTT support, users can now reportedly use the to pay for BitTorrent and µTorrent Pro subscriptions, which offer file conversion, HD quality streaming and protection.
Justin Sun, founder of and CEO of BitTorrent, has clarified the roadmap for tokenization of the BitTorrent ecosystem, stating that the partnership with CoinPayments is a bid to “make BitTorrent (BTT) liquid in the online marketplace before [the ] is fully integrated into our desktop and mobile products.”
This summer, the BTT-powered application “BitTorrent Speed” will reportedly be rolled out as part of BitTorrent’s -based µTorrent Classic client. According to the , the application will allow users to exchange BTT for seeding and bandwidth to support faster download times.
BitTorrent — first created in 2004 — claims to have over 100 million users in its existing decentralized p2p network.
As , the roadmap for and BitTorrent’s mutual integration has been dubbed “Project Atlas,” which aims to create a decentralized content distribution platform using .
As of press time, () is ranked as the 8th largest by market cap, and is at around $0.0258, up 0.25 percent on the day, according to CoinMarketCap.
Published at Thu, 07 Feb 2019 15:17:44 +0000
