Carbon collaborates with Tron Foundation to introduce credit card crypto-purchases via Fiber

  • 19 July 2019, Friday, 08:40

New York-based fintech and blockchain company, Carbon, today announced its collaboration with the TRON Foundation, in an attempt to support the TRON blockchain by enabling credit card purchases of cryptocurrencies via Carbon’s fiat gateway product, Fiber.

According to the press release by TRON, Carbon’s exchange would allow users to engage in credit and debit card purchases even outside the US, with a Carbon-enabled wallet or through a DApp, soon after which users would receive their choice of BTT, TRX or TRXD stablecoins. Users can purchase TRC20-based tokens and other cryptocurrencies with the credit card.

Justin Sun, Founder of the TRON Foundation and CEO of BitTorrent, expressed his views on the latest collaboration and said,

“We’re always looking for simplicity and ease of use for the TRON community, and these types of collaborations are extremely important to bringing buyers and sellers together in our growing dApp ecosystem.”

The press release also suggested that users would soon be able to make purchases with 180 currencies and more through payment methods like WeChat, Alipay, Apple Pay, SEPA and wires. Fiber already supports a basket of major credit and debit cards. Fiber will also be incorporated into one of Tron’s community wallets, TronLink, which would further enable users to access the DApp platform.

Co-founder and CEO of Carbon, Sam Twautwein, stated that the company is currently working on delivering U.S wallet support. Carbon has previously launched cryptocurrencies on various public blockchains, like EOS, Telos and Ethereum blockchains. Twautwein said,

“With Fiber, users will be able to onboard into the world of crypto in a single step – replacing the complicated and tedious process that has hampered crypto’s usability and approachability.”

Earlier in June, Carbon allied with TRON to launch its first FDIC (First Federal Deposit Insurance Corporation) insured fiat-backed stablecoin on the TRON blockchain.