Huobi Token can now be used as an e-commerce payment method

Cryptocurrency exchange Huobi has secured a new partnership with FomoHunt to allow its native Huobi Token (HT) to be used as a payment method for e-commerce, according to a press release shared with Coin Rivet.

The partnership, which is expected to drive mainstream adoption of cryptocurrencies, will allow users to purchase “art, apparel, hardware, event tickets, and more” using HT.

“Our partnership with FomoHunt allows us to do two big things at once,” said Helena He, head of global operations at Huobi.

“First, it’s a big step in expanding HT’s usefulness outside our direct ecosystem and making it more accessible to the general public. Second, it gives members of our community direct access to Huobi-branded merchandise, which is something many have repeatedly been asking for.”

FomoHunt co-founder James Lawrence reiterated Huobi’s optimism by calling it an “amazing opportunity”.

“Being able to work directly with Huobi is an amazing opportunity,” he said.

“We are working together to allow our community users to use Huobi Token and make real-world purchases of clothes, art, FomoHunt subscriptions, event tickets, and even mining hardware. FomoHunt looks forward to future collaborations with Huobi.”

The Huobi Token is currently worth $4.84 per token with a market cap of $240 million. This is significantly up on its launch price in February 2018 when it was worth $1.50 per token.

For more news, guides, and cryptocurrency analysis, click here.