Those users who will pay with the BUSD stablecoin will get a 25% discount on BitTorrent or μTorrent Classic Pro membership.
BitTorrent, the worlds most popular torrent client, has announced support for Binances USD-backed stablecoin BUSD. It means that users of BitTorrent and μTorrent can now pay using the NYDFS-regulated asset, one of the worlds top stablecoins alongside the likes of Tether (USDT), USD Coin (USDC), TrueUSD (TUSD) and DAI.
To further encourage BUSD use, users who pay with the stablecoin, will get 25% off BitTorrent or μTorrent Classic Pro membership. There are three paid versions of BitTorrent Classic Premium currently available, priced between $4.95 (Ad-Free) and $69.95 (Pro + VPN) per year. Pro features comprise advanced malware protection, an HD media player, file conversion, and comprehensive customer support.
The First Stablecoin on BitTorrent
BUSD joins five other cryptocurrencies supported by BitTorrent, and is the first stablecoin to be accepted on the platform. Before the integration of BUSD, which was achieved with the aid of CoinPayments.net, payment for subscriptions to BitTorrent could only be made using TRX, BTC, BTT and OKB. As per the agreement, Binances native token, BNB (BEP2), will also be supported on the file-sharing network, replacing the ERC20 iteration.
The announcement comes less than a month after travel company Travala announced that bookings could be made using BUSD and gives the token even greater utility. The stablecoin now boasts a market cap nearing the $185 million mark. With over 100 million active users each month, San Francisco-based BitTorrent provides torrent programs for desktop and mobile. It was acquired by the TRON Foundation for $140 million in 2018.
We are pleased to accept BUSD as another digital payment option for Classic Pro for both BitTorrent and µTorrent users, said TRON founder and BitTorrent CEO Justin Sun. By using BUSD or our other supported cryptocurrencies, millions of customers can unlock powerful features such as malware protection from our popular desktop torrent clients.
Stablecoin Market Maturing
Stablecoins, in particular those that are fiat-collateralized, have long held interest for investors due to their inherent price stability and redeemability. Ea ...