TRON Gambling dApp Has Paid out Nearly $5 Million in TRX, Justin Sun Points Out

Justin Sun, the CEO of the TRON Foundation, has recently pointed out via social media that the TronDice decentralized application (dApp), has paid out over 200 million TRX tokens, at press time worth over $4 million.

The figure, according to the dApps’ website, is now at 243 million TRX, which equals $4.8 million as one TRX token is currently trading at $0.022, according to CryptoCompare data.

The TronDice dApp is notably one of the first ones to have been launched on the TRON blockchain, and is essentially a gambling game that lets users pick a number between 2 and 100. The game’s smart contract randomly generates a number between 1 and 100, and determines whether the player wins or loses according to his choice, based on its odds.

To play, all users need to do is create a TronLink wallet, fund it with TRX tokens, and connect it to the game. The dApp is similar to others found on several other blockchains, as gambling appears to currently be one of crypto’s biggest use cases.

TronDice’s success comes shortly after TrobBet, the first dApp to be launched on the cryptocurrency’s blockchain, managed to surpass the 200 million TRX payout mark. As CryptoGlobe covered, TronBet managed to be played over 10,000 times on the day it was released.

The game was so popular that it help TRON overtake Ethereum in daily transaction volume. The TRON Foundation has last month revealed the number of accounts on the crypto’s mainnet has surpassed 500,000, maintaining a 100,000 per month growth.

As of October 16, the Foundation further claimed that 90 smart contracts had been deployed on the network after it was launched nearly one week before. Earlier, as covered, TRON acquired the popular peer-to-peer file sharing platform BitTorrent for $140 million.

Recently, the TRX token surged after Sun announced a mysterious partnership with an “industry giant.” The partnership turned out to be a simple cloud computing deal with Baidu. The move drew criticism online.

Switzerland's Largest Online Retailer is Now Accepting Cryptocurrency Payments

Digitec-Galaxus, Switzerland’s largest online retail company, has reportedly decided to start accepting bitcoin (BTC) payments.

Digitec and Galaxus customers can now pay for goods and services with bitcoin and a few other major cryptocurrencies. In addition to BTC, users can make payments in XRP, ETH, Litecoin (LTC), Tron (TRX), OmiseGo (OMG), and NEO.

Digitec and Galaxus’ online retail outlets will also be taking payments in Bitcoin “Satoshi Vision” SV (BSV), Bitcoin Cash (BCH), and Binance Coin (BNB). Commenting on the Swiss retailer’s decision to start accepting cryptos, Oliver Herren, the co-founder and CEO of Digitec, remarked: 

Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development. We wanted to do that for a long time.

Coinify Will Help Convert Crypto Transfers To Swiss Francs

Herren added that Digitec decided to take cryptocurrencies as payment because people may have invested in them and they may want to use them. “Or because you cannot turn them into real money [since] your bank does not accept it. Or maybe just because you ...  like to try new things,” Herren said.

According to Switzerland’s e-commerce giant, it wants to encourage millennials, who may be heavily invested in the blockchain space, to start using cryptocurrencies for practical purposes such as paying for everyday goods and services. Price volatility of cryptocurrencies may not be an issue as Digitec and Galaxus will immediately convert crypto payments to Swiss francs using Coinify’s services, a third-party payment processor.

At present, crypto payments are only available for Switzerland-based users, however the company has said that it might allow customers in other areas to pay with crypto if their initial effort is successful.

Danish Food Takeaway Outlet Accepts Bitcoin Payments For Its 1500 Restaurants

In December 2018, Hungry.dk, one of the largest online food portals in Denmark, started accepting Bitcoin again. The food takeaway company handles orders from more than 1,500 restaurants in Denmark and had been accepting BTC payments since 2014. However, it had decided to stop taking crypto payments in late 2017 due to very long transaction processing times.

A representative from Hungry.dk noted (last year): 

We have accepted Bitcoins as a payment method for quite some time. We decided to remove the feature temporarily last year though because the average transaction time took too long, and the experience wasn’t the best.