Unlimit has partnered with TRON DAO to enhance its payment solutions, leveraging TRON’s resource model to reduce gas fees and expand access to DeFi, game finace and NFTs in emerging markets.
Their collaboration targets inflation-prone regions with stablecoin solutions for affordable remittances and economic stability.
Unlimit will utilise ‘Energy as a resource’, which will reduce the on-chain gas fees on the TRON network, making its service even more cost-effective. In TRON, Energy can be utilised to execute smart contracts, and users can obtain Energy by staking the native utility token of the TRON network, TRX.
The TRON network is the second largest blockchain by stablecoin transaction volume, with a stablecoin market cap exceeding $60billion, providing stablecoins with the infrastructure needed within countries with high inflationary economic trends, as seen across Latin America, Africa, Central Asia and Southeast Asia.
“With this collaboration, we are aiming to simultaneously achieve transaction affordability and target users in fast-adopting regions, like Latin America for example,” said Bryan Feng, head of Unlimit’s on and off-ramp division.
“Looking ahead, we aspire to become the primary on/off ramp provider for TRON, driving further adoption of TRON-based tokens and expanding our user base. We feel this partnership is an important next step in our mission to an omnipayments borderless world and are excited about what we will be able to achieve in unison.”
Step forward
Sam Elfarra, community spokesperson for TRON DAO, also added: “This collaboration is a great step forward at showcasing the unique benefits of building on, or integrating, the TRON network. Additionally, users and businesses that interact with the Unlimit platform will enjoy $0 or close to $0 on-chain gas fees, all thanks to the TRON network’s innovative resource model.”
Unlimit aims to unlock the potential of seamless stablecoin transactions in emerging markets in the coming months. These stablecoins can offer stability in inflation-hit countries like Venezuela and Argentina while enabling remittances from expat communities in regions such as North America and Europe to their families in developing nations.
