Tether Operations Limited announced a new strategic collaboration with Oobit, a mobile payment app, and the TON Foundation. Together, the companies aim to transform cryptocurrency payments by offering users the most convenient and seamless way to conduct transactions.
"We are excited to collaborate with Oobit and the TON Foundation to expand Tether’s utility and promote the adoption of cryptocurrency payments. This collaboration underscores our commitment to driving innovation and accessibility in this space. Together, we will provide banking solutions to the unbanked population and revolutionize how users transact with cryptocurrencies, making it easier and more convenient," commented Paolo Ardoino, CEO of Tether.
The framework of the new partnership is based on integrating USDT and XAUT (a cryptocurrency backed by real gold) on the TON platform, which will improve the speed, security, and cost-effectiveness of fund transfers among users in the TON ecosystem. A key step in this direction was issuing over $200 million USDT on the TON blockchain. This allows users to send USDT via Telegram and instantly pay using the Oobit cryptocurrency wallet.
"At Oobit, we’re driven by a mission to empower individuals to harness the full potential of digital assets. Our collaboration with the TON Foundation and Tether exemplifies this commitment. We’re not just providing another payment option; we’re providing unbanked access to the most prominent cryptocurrencies and worldwide payments using Oobit" said Amram Adar, its CEO.
The Oobit platform features the convenient Tap & Pay function, enabling sellers to receive fiat even when paid in USDT cryptocurrency. This makes cryptocurrency more practical and accessible a wide audience.
"We are celebrating this collaboration with Oobit and Tether to enhance the TON ecosystem,” said Victor Mendes, Head of Business Development at Wallet. “This integration is making cryptocurrency accessible and easy to use. By integrating Toncoin into Oobit’s Tap & Pay feature, millions of users may enjoy a simple Web3 on- and off-ramp experience. Together, we’re accelerating toward our vision of putting crypto in every pocket and driving mass adoption globally." said Victor Mendes, Head of Business Development at Wallet.
By integrating USDT into TON and enabling payments via Telegram, users will enjoy fast, secure, and convenient P2P transactions. Collaboration with Oobit will allow millions of people, including those without a bank account, to access digital assets and use them in everyday life.
Such integration not only expands the use of cryptocurrency but also brings a new level of accessibility and convenience in the digital economy. Telegram, one of the most popular messengers in the world, becomes a key element of this ecosystem, setting new standards for cryptocurrency payments and creating a truly global financial network of the future.
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