TL;DR
- Strategic Partnership: Tether Operations Limited has partnered with Oobit and the TON Foundation, aiming to redefine cryptocurrency payments as a mainstream means of transaction. This collaboration represents a significant step forward in the adoption of digital currencies.
- Seamless Transactions: The partnership seeks to offer users a seamless and convenient transaction experience. By leveraging decentralized technology solutions, Tether aims to empower users in the digital finance sector, reinforcing its commitment to a borderless financial system.
- USD₮ and XAU₮ Integration: Tether recently launched USD₮ and XAU₮ on the TON blockchain. Over $200 million worth of USD₮ has been issued on TON, allowing users to send USD₮ directly through Telegram messages and utilize it for instant crypto Tap payments via Oobit.
Tether, the company behind the stablecoin USDT, has announced a strategic partnership with Oobit, a leading mobile payment app, and the TON Foundation, marking a significant step forward in the use of cryptocurrencies as a mainstream means of payment.
This collaboration is set to redefine the financial landscape, offering users a seamless and convenient transaction experience. Tether’s commitment to a borderless financial system is further solidified through this initiative, which leverages decentralized technology solutions to empower users in the burgeoning digital finance sector.
Recently, Tether launched USD₮ and XAU₮ on the TON blockchain, facilitating smooth transfers within the TON ecosystem and ensuring a swift, secure, and cost-effective process. Since its inception, over $200 million worth of USD₮ has been issued on TON, allowing users to send USD₮ directly through Telegram messages and utilize it for instant crypto Tap payments via Oobit.
Paolo Ardoino, CEO of Tether, expressed his enthusiasm for the collaboration, stating:
“We are excited to work alongside Oobit and the TON Foundation to enhance Tether’s utility and foster the adoption of cryptocurrency payments. Our joint efforts aim to provide banking solutions for the unbanked and revolutionize cryptocurrency transactions, making them more accessible and convenient for everyone.”
Oobit’s strategic role in this collaboration involves offering a smooth crypto Tap & Pay experience, ensuring that merchants receive fiat currency for payments made in USD₮. This integration is expected to broaden the acceptance of cryptocurrency as a viable payment method.
TON Blockchain’s Role in Tether’s Expansion Strategy
Amram Adar, CEO of Oobit, commented on the partnership:
“Our mission at Oobit is to enable individuals to fully leverage digital assets. Teaming up with the TON Foundation and Tether is a testament to our dedication. We’re not just introducing a new payment option; we’re providing global access to leading cryptocurrencies and facilitating worldwide payments through Oobit.”
The TON blockchain, a decentralized alternative to traditional internet infrastructure, is integral to this collaboration. With the upcoming integration of XAU₮, TON is poised to offer a simple, borderless payment experience to Telegram’s vast user base, enhancing access to decentralized services and improving the overall user experience.
Victor Mendes, Head of Business Development at Wallet, celebrated the partnership, saying:
“This collaboration with Oobit and Tether is a milestone for the TON ecosystem. By incorporating Toncoin into Oobit’s Tap & Pay feature, we’re simplifying the Web3 experience and moving closer to our goal of widespread crypto adoption.”
Tether’s overarching goal is to expand global USD₮ accessibility and facilitate seamless value transfers within the TON ecosystem. By providing a frictionless crypto Tap & Pay experience with Oobit, Tether is at the forefront of transforming the cryptocurrency domain and challenging the status quo of the traditional financial system.
