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Strike – a bitcoin payments company and remittance app – announced the integration of USDT with Tether, the world’s largest stablecoin.
The latest move comes on the heels of Strike’s expansion to 65 additional countries and a USDT-backed new app design, which was announced at Bitcoin 2023.
Strike-Tether Integration
The integration aims to address key challenges hindering wider acceptance of the industry, including the volatility aspect of crypto-assets.
Thus, combining the stability and utility of USDT with Strike’s payment solutions is expected to serve as a “trusted bridge” between the crypto world and traditional financial systems while mitigating the risk of price fluctuations.
one in statement On Monday, Tether said users would gain the ability to rapidly convert their digital assets into fiat currency with its stablecoin as an intermediary and, in the process, “overcome liquidity challenges that previously hindered adoption.” hinders.”
Following the development, Tether CTO Paolo Ardoino commented,
“We are thrilled to announce the integration of Tether (USD₮) with Strike. This is an important moment for the cryptocurrency industry as it reflects the growing acceptance and recognition of stable coins as a reliable and efficient digital payment solution .
The exec further said that the collaboration will lead to the widespread adoption of digital currencies, “fostering innovation and creating a more inclusive financial ecosystem for all.”
strike extension
Strike announced the expansion of its app from its current base in the United States and El Salvador to more than 65 countries, bringing its total addressable market to nearly 3 billion people. The newly expanded list of 47 supported countries includes Bhutan, Brazil, Ecuador, Guatemala, Honduras, Kenya, New Zealand, Paraguay and Uganda, as well as previously announced expansions to Argentina, Nigeria, Kenya and Ghana.
Earlier this year, it partnered with fintech giant Fiserv to integrate bitcoin’s Lightning Network with point-of-sale terminal provider Clover.
The digital payments platform also integrated with e-commerce giant Shopify last November to enable merchants to accept bitcoin payments in the form of US dollars.
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PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
[ad_1]
Strike – a bitcoin payments company and remittance app – announced the integration of USDT with Tether, the world’s largest stablecoin.
The latest move comes on the heels of Strike’s expansion to 65 additional countries and a USDT-backed new app design, which was announced at Bitcoin 2023.
Strike-Tether Integration
The integration aims to address key challenges hindering wider acceptance of the industry, including the volatility aspect of crypto-assets.
Thus, combining the stability and utility of USDT with Strike’s payment solutions is expected to serve as a “trusted bridge” between the crypto world and traditional financial systems while mitigating the risk of price fluctuations.
one in statement On Monday, Tether said users would gain the ability to rapidly convert their digital assets into fiat currency with its stablecoin as an intermediary and, in the process, “overcome liquidity challenges that previously hindered adoption.” hinders.”
Following the development, Tether CTO Paolo Ardoino commented,
“We are thrilled to announce the integration of Tether (USD₮) with Strike. This is an important moment for the cryptocurrency industry as it reflects the growing acceptance and recognition of stable coins as a reliable and efficient digital payment solution .
The exec further said that the collaboration will lead to the widespread adoption of digital currencies, “fostering innovation and creating a more inclusive financial ecosystem for all.”
strike extension
Strike announced the expansion of its app from its current base in the United States and El Salvador to more than 65 countries, bringing its total addressable market to nearly 3 billion people. The newly expanded list of 47 supported countries includes Bhutan, Brazil, Ecuador, Guatemala, Honduras, Kenya, New Zealand, Paraguay and Uganda, as well as previously announced expansions to Argentina, Nigeria, Kenya and Ghana.
Earlier this year, it partnered with fintech giant Fiserv to integrate bitcoin’s Lightning Network with point-of-sale terminal provider Clover.
The digital payments platform also integrated with e-commerce giant Shopify last November to enable merchants to accept bitcoin payments in the form of US dollars.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
