TRON CEO Teases Partnership With Multi-Billion Dollar Industry Giant (Not Alibaba)
— Justin Sun (@justinsuntron) October 12, 2018
While many are speculating that the unknown company could be e-commerce giant Alibaba given the previous connection between Sun and Alibaba’s Jack Ma, the market capitalization described in Sun’s tweet does not quite line up. Alibaba (BABA), which trades on the New York Stock Exchange, currently holds a $380 billion market cap.
One plausible company that fits the descriptor is First Data (FDC), a financial services company that notably owns Clover, a major developer of point-of-sale (POS) terminals for small businesses. TRON recently announced Poppy, a POS terminal powered by Clover’s underlying technology that is designed to bring TRX as an option for merchant payments.
FDC currently has a $21 billion market cap, fitting the general size described by Sun. Given there is already a working relationship between a subsidiary of FDC and TRON, it’s more than plausible that the partnership could extend to the larger company, which includes multiple solutions for large merchants and global financial institutions.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.