Crypto transactions will be offered globally by Tether, TON Foundation, and Oobit, providing financial solutions to unbanked communities.
A new way to buy and sell cryptocurrency has been revealed by Tether, the TON Foundation, and the Oobit mobile payment app. They hope that by doing this, they may help the unbanked people with their financial issues.
The issuer of USDT emphasized that the alliance’s primary goal is to facilitate digital banking by means of decentralized technology solutions, with the ultimate goal of creating a “borderless” financial system. A “new age” of human efficiency and accessibility is the end aim.
Tether highlighted that the TON blockchain has received over $200 million in USDT. For immediate cryptocurrency payments or as a direct message on Telegram, users may now transmit the stablecoin.
Working together like this demonstrates how seriously we take the goals of innovation and accessibility. Paolo Ardoino, CEO of Tether, said, “Together, we will provide banking solutions to the unbanked population and revolutionize the way consumers interact with cryptocurrencies.”
One important aspect of the Oobit integration is its “Tap & Pay” experience, which lets cryptocurrency users conduct contactless purchases in a manner similar to Apple Pay. More than 100 million businesses who take Visa and Mastercard may now accept crypto thanks to this solution.
“Tether and the TON Foundation are examples of our partners that share this dedication. We’re not simply adding another payment option; we’re giving those who don’t have bank accounts access to the most popular cryptocurrencies and the ability to pay anywhere in the globe using Oobit,” said Amram Adar, CEO of Oobit.
Nearly 1.5 billion individuals, mostly in rural regions and from lower-class and developing-world backgrounds, do not have bank accounts, according to the World Bank. To ensure that everyone has access to financial services, the group recognizes that governments and companies must work together.
This kind of collaboration is a fantastic chance to reach the unbanked population; TON’s linked instant messaging network, Telegram, has over 900 million users globally. Its user base also aligns well with Tether’s objectives of financial inclusion.
In keeping with its mission to provide access to financial services, the TON Foundation will include USDT, the market leader among stablecoins. And it will include Tether’s stablecoin, XAUT, which is linked to the price of actual gold per troy ounce.
This follows the recent unannounced investment in TON by Pantera Capital. As TON is growing in popularity among Telegram users, this investment is a major step forward.
However, this fresh information did not inspire a bullish reaction from the market. The native token of TON dropped over 4% to $6.72 over the day.
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