- Tether, TON, and Oobit collaborate to simplify crypto payments, enhancing accessibility and convenience.
- Integration of USDT and Tether Gold onto the TON blockchain facilitates fast, secure, and low-cost transactions.
- Oobit’s Tap & Pay feature ensures seamless crypto payments, boosting practical cryptocurrency adoption.
The realm of crypto payments witnesses yet another seismic shift with the convergence of Tether, the foremost stablecoin company globally, Oobit, a leading mobile payment app, and the TON Foundation. This collaboration sets out to revolutionize cryptocurrency payments, offering users a smooth and effortless money transfer experience. Moreover, it perfectly fits in the Tether vision.
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These stablecoins are pins in its ambitions to create a borderless decentralised technology-driven financial ecosystem that works on the planet. Under the terms of the collaboration, Tether released its stablecoins Tether USDT and Tether Gold (XAUT) onto the TON blockchain. This has significantly streamlined the transfer process among its users, ensuring rapid, low-cost, and safe transactions.
In the weeks since the launch of the TON blockchain, more than $200 million of USDT have been issued. This innovation allows users to send USDT via Telegram and use it for instant Tap crypto payments on Oobit, strengthening Tether’s position in the digital asset market.
Oobit offers a fast and easy Tap & Pay crypto experience. This app guarantees that merchants accept Fiat currency, even if payments are made in USDT. This integration will increase the practical use of cryptocurrencies as a payment method, making them a valid and widely accepted option.
Amram Adar, CEO of Oobit, said that they aim to enable people to make full use of digital assets. Adar emphasized that this collaboration provides unbanked individuals with access to well-known cryptocurrencies and global payments through Oobit.
On the other hand, the TON Foundation, a non-profit organization that promotes a decentralized replacement of the traditional Internet through blockchain technology, plays an important role in this collaboration. TON’s blockchain alliance with Telegram enables USDT and soon XAUT on TON, providing an easy and seamless service for Telegram’s user base to make peer-to-peer (P2P) payments. This, in turn, leads to a higher percentage of the population having access to decentralized services and, thus, a better user experience.
This partnership makes cryptocurrency available and easy to use. Through the integration of Toncoin into Oobit’s Tap & Pay feature, millions of users can have a seamless Web3 on- and off-ramp experience, which will accelerate the vision of widespread crypto adoption.
On the other hand Toncoin (TON) has witnessed a bullish surge, marking a 9.83% gain over the past week, with a current value of $6.76. This uptrend reflects increasing investor confidence and the potential for further upside, underscoring the positive market response to ongoing developments in the TON ecosystem.
The collaboration between Tether, Oobit, and TON Foundation marks a new chapter in the evolution of crypto payments. By extending the reach of USDT and , transparent and efficient, providing benefits to users worldwide.
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