Fresh from announcing that TRON would work Baidu with the intention of utilizing cloud computing services for blockchain and revealing Project Atlas, founder Justin Sun has stated that the TRON blockchain will power payments platform Poppy.
The Poppy dapp will be available to merchant stores around the world, allowing them to accept payments in cryptocurrency.
New #TRON Payment Platform @PoppyPOS Brings #TRX To Stores All Over The World. $TRX https://t.co/xvcLcEVnIN
— Justin Sun (@justinsuntron) October 21, 2018
The new platform works on the Clover Point-of-Sale cloud system, which has been built specifically for the convenience of merchants, allowing them to easily and conveniently run payment systems from anywhere in the world.
The Poppy dapp, announced in the first half of October 2018, is a crowdsourced one built by Sesameseed, who proceeded to create the dapp after community members voted on which dapp should be the first to be built.
While Clover will not directly support selling crypto, users can store tokens on either the TronCard or generic TRON wallets, and subsequently use them for purchases.
…the use of the TronCard itself, how the funding of this card will not be done at the terminal, rather through an associated application, we are ok to create an application that performs the transaction so long as we do not perform the fiat->virtual currency transaction (operate as an exchange).
Learn more about Poppy in the video below.
Oracle Attends Blockchain Meeting at TRON HQ
Sun also revealed that some representatives from Oracle attended a blockchain-related meeting at TRON’s headquarters in San Francisco.
Oracle, the renowned database company, sent members from its blockchain team to visit, although few details have been provided as to what exactly was discussed. Smart contracts, tokenization and a potential partnership is on the cards, as Sun mentioned in a tweet.
Oracle #blockchain team visited #TRON Foundation HQ in SF.
Diving deep on #SmartContracts #Tokenization and partnership opportunities. #TRON to the future. 🎉#TRX $TRX https://t.co/Hq3Y4IETlW— Justin Sun (@justinsuntron) October 20, 2018
It will be interesting to see if and how the two entities could collaborate. A LinkedIn post tells us that the details are hush-hush, but one wonders how Oracle could integrate blockchain into its business. Blockchains are, after all, essentially decentralized database systems.
Crypto Payments at Merchant Stores Would Expand Adoption
The prospect of local merchants accepting cryptocurrency for payments is seen as a key development in expanding the cryptomarket. Numerous projects, like OmiseGO in the Asian market or Request Network with its online payments feature, have either already created or are creating payments solutions for product and service providers.
All stakeholders stand to gain greatly, since fees and transaction confirmation times are fractional as compared to fiat payment — benefits that are constantly trumpeted by cryptoenthusiasts.
TRON’s price has consistently risen at the announcement of such news — something which Vitalik Buterin has criticized — and there is no doubt that the Poppy payments dapp and any whiff of a partnership with Oracle will do the same.
Still, the question for TRON is whether its network can hold up against ever-increasing adoption. However effective TRON’s marketing tactics may be in raising its price, at some point, the project’s utility will solely be determined by the tech.
As TRON pulls in more partners and on-boards more users, the team will have a chance to refine their product and prove that their network is fully capable of meeting the claims made.
