Tron lands banking support with SpendCard: TRX/USD stalls short of $0.0265

Tron users to access instant TRX to fiat conversions on SpendCard.
Tron is expected to correct higher above $0.026 and even challenge the resistance at $0.0265.

The founder of Tron, Justin Sun has today announced that TRX holders will be able to spend their funds directly following the support by SPendCard. The company’s cards are Visa enabled and are currently accepted in over 40+ million locations worldwide.

In addition to that, the platform allows users to “store and spend with their smartphones.” Users have the opportunity to hold over sixteen cryptocurrencies and send fiat in more than 180 countries around the world. Moreover, the platform carries out the instant conversion of virtual currencies to fiat at merchants' point of sale in real-time hence the ability to spend anywhere.

“Thank you @SpendCard for adding #TRX! #TRONICS now can buy/sell $TRX with their bank accounts. Use $TRX at 40+ million locations with the Spend Wallet by instantly converting to fiat on the Spend Visa Card!”

At press time, Tron is trading at $0.0257 following a slight retracement of 0.98% on the last 24-hours. The gains on Monday pulled the crypto value above $0.026 but failed to correct above $0.0265. A lower correction that ensued yesterday was supported at $0.0250. Tron is currently dancing between the 4-hour 100-day Simple Moving Average (SMA) resistance and the 50-day SMA support. The growing bullish trend is supported by the technical indicators like the RSI and the MACD, both of which have changed direction to the upside. Tron is expected to correct higher above $0.026 and even challenge the resistance at $0.0265 in the short-term.

TRX/USD 4-hour chart

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