Tether collaborates with TON Foundation and Oobit to build seamless crypto payment solution
May 16, 2024 — Tether Operations Limited, the largest digital asset company, has partnered with mobile payment app Oobit and TON Foundation to revolutionize the use of cryptocurrencies as a payment method, offering seamless and convenient access to users. provide services. Trading method.
This partnership reaffirms Tether’s unwavering commitment to providing a borderless financial system through decentralized technology solutions that empower users in the rapidly growing world of digital finance. In line with this, Tether recently launched USD₮ and XAU₮ on TON to facilitate smooth transfers between users on TON’s ecosystem, enabling a fast, secure and cost-effective process. did.
Bringing a new era of accessibility, efficiency and convenience to users around the world. Over $200 million The equivalent of USD₮ was then issued on the TON blockchain. This allows users to send USD₮ as a direct message on Telegram and use the same USD₮ for instant crypto tap payments on Oobit, underscoring Tether’s position as a leader in digital assets and the future of finance. You can contribute to the formation of
Regarding this partnership, Tether CEO Paolo Ardoino said: This collaboration highlights our commitment to driving innovation and accessibility in this space. Together, we will bring banking solutions to the unbanked and revolutionize the way users transact with cryptocurrencies, making it easier and more convenient. ”
Oobit will provide a convenient and frictionless crypto tap-and-pay experience as a strategic part of this collaboration. These ensure that merchants receive fiat currency even if the payment is in USD₮. This integration will further expand the use of cryptocurrencies as a means of payment, making them a practical and widely accepted option.
Commenting further on the partnership, Oobit CEO Amram Adar said, “At Oobit, we are driven by our mission to enable individuals to harness the full potential of their digital assets. TON Foundation and Tether Our collaboration with Oobit embodies this commitment. We’re not just offering another payment option; we’re using Oobit to bank accounts to the most popular cryptocurrencies. We offer access and global payments that you don’t have.”
TON, a decentralized alternative to the traditional internet powered by blockchain technology, will play a pivotal role in this collaboration. The TON blockchain will work with Telegram, and TON stands for USD₮ and soon XAU₮, potentially offering Telegram’s user base a simple and borderless experience of peer-to-peer (P2P) payments. This integration provides convenient access to decentralized services and improves the overall user experience.
“We celebrate our collaboration with Oobit and Tether to strengthen the TON ecosystem,” said Victor Mendes, Head of Business Development at Wallet. “This integration makes cryptocurrencies accessible and easy to use. By integrating Toncoin with Oobit’s Tap & Pay functionality, millions of users will enjoy a simple Web3 on- and off-ramp experience. Together, we are accelerating towards our vision of putting cryptocurrencies in every pocket and driving mass adoption around the world.”
With the overarching goal of expanding access to USD₮ globally and facilitating a smooth transfer of value within the TON ecosystem, along with providing a seamless crypto tap-and-pay experience with Oobit, Tether We continue to lead the way in transforming the crypto landscape and disrupting traditional financial systems.
Important notes
This press release is not an offer to sell or a solicitation of an offer to buy USD₮ or XAU₮. Tether Limited and Tether International Limited will sell or redeem USD₮ only in accordance with the Terms and Conditions available (as of the date of this press release) at https://tether.to/en/legal. TG Commodities Limited will only sell or redeem XAU₮ in accordance with the Gold Token Sale and Service Terms and Conditions available (as of the date of this press release) at gold.tether.to/legal.
