Apple Stocks App Adds Ripple, Tron Pricing

Avi Rosten
  • The new listings have the potential to open the cryptocurrencies up to Apple's 1 billion users
  • This latest development is a positive move for Tron ahead of the launch of its Mainnet 

Cryptocurrencies have taken another step towards the mainstream as the Apple Stocks app has added Ripple (XRP) and Tron (TRX) pricing to its lists.

Announcing the news of the TRXUSD pair addition on Twitter, Tron founder Justin Sun was excited about what the inclusion meant for the cryptocurrency and how it opens the coin up to Apple’s enormous audience:

 

 

The app has also added TRX pairings with EUR, JPY, and GBP, while XRP will benefit from pairings with GBP, USD, INR, CAD, BTC, EUR, AUD, and ETH.

Tron Ramping Up

Tron has had somewhat of a rough start to the year after accusations surfaced in January that much of the project’s whitepaper had been plagiarised. With the price dropping over 60% following the accusations and sharp words exchanged between Sun and Ethereum founder Vitalik Buterin - things of late have been looking more positive.

In addition to the launch of the Tron Mainnet, scheduled for three days time, other developments seem to indicate that the cryptocurrency is gaining traction.

On Friday, it was reported that Sun has made a bid to acquire peer-to-peer pioneer BitTorrent Inc. - best known for the popular file sharing client µTorrent. With Tron’s stated goal to “decentralize the web” and a market cap of $7.11bn according to CryptoCompare (total supply), this latest proposed acquisition will no doubt be a significant boon to the project as it aims to reach µTorrent's 100 million strong user base.

JPMorgan Pays $2.5 Million for Overcharging Cryptocurrency Fees

JPMorgan Chase has reportedly agreed to pay $2.5 million to settle a class-action lawsuit filed against the financial institution in 2018, over it allegedly overcharging customers who were buying cryptocurrencies with Chase credit cards.

According to Reuters, JPMorgan Chase was overcharging users for buying cryptocurrencies as these transactions were being classified as cash advances. As part of the deal, JP Morgan did not admit to any wrongdoing to the 62,000 members of the class-action lawsuit, but a motion filed in Manhattan federal court reads the financial institution agreed to pay customers $2.5 million, noting it will see class members get “about 95% of the fees they said they were unlawfully charged.”

It adds:

.Chase has agreed to enter into this Agreement to avoid the further expense, inconvenience, and distraction of burdensome and protracted litigation, and to be completely free of any further claims that were asserted or could have been asserted in the Action.

One of the plaintiffs, Brady Tucker, reportedly claimed JPMorgan Chase violated the Truth in Lending Act since it did not inform its customers crypto purchases were being treated as cash advances. This saw them pay higher fees, which the bank then refused to refund and led to the class action lawsuit.

At the time the lawsuit was filed JPMorgan was seemingly hostile toward cryptocurrencies, with its CEO Jamie Dimon claiming bitcoin was a “fraud.” Since then, the bank has launched its own stablecoin called JPM Coin.

As CryptoGlobe reported, a report published by JPM late last month showed that using their “intrinsic value calculation,” developed by in-house analyst Nick Panigirtzoglou, bitcoin is correctly valued after the recent halving event.

Featured image by Drew Beamer on Unsplash.