Tether, TON Foundation and Oobit join forces for improved cryptocurrency payment solutions

adminMay 17, 2024

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Tether Operations Limited, a dominant player in the digital asset sector, has partnered with mobile payment application Oobit and the TON Foundation to transform the use of cryptocurrency for payments. This collaboration aims to provide users with a smooth and convenient trading experience.

A joint effort to transform cryptocurrency trading and expand global accessibility

Tether recently introduced USD₮ and XAU₮ to TON, allowing for easy transfers within the TON ecosystem. This move improves the speed, security, and cost-effectiveness of cryptocurrency transactions. With $200 million worth of USD₮ minted on TON’s blockchain, users can send USD₮ via direct message on Telegram and utilize it for instant cryptocurrency Tap payments on Oobit. This highlights Tether’s leadership in digital assets and its commitment to shaping the future of finance.

Tether CEO Paolo Ardoino expressed enthusiasm for the partnership, emphasizing the goal of driving the adoption of cryptocurrency payments. He highlighted Tether’s commitment to innovation and accessibility in digital finance, with the goal of providing banking solutions to the unbanked and revolutionizing cryptocurrency transactions to make them more convenient and accessible.

Improved user experience with smooth cryptocurrency transactions

Oobit’s role in this collaboration includes providing a seamless crypto tap-and-pay experience, ensuring merchants receive fiat currency even when paying in USD₮. This integration aims to expand the use of cryptocurrency as a practical and widely accepted payment method. Amram Adar, CEO of Oobit, reiterated the company’s mission to empower individuals to fully utilize digital assets, emphasizing that this collaboration will enable unbanked individuals to access major cryptocurrencies and global payments. I did.

The TON Foundation, which aims to create a decentralized alternative to the traditional Internet through blockchain technology, plays an important role in this collaboration. The integration of TON and Telegram will potentially allow USD₮ and XAU₮ to be used on TON, providing a borderless peer-to-peer (P2P) payment experience for Telegram users. These integrations improve access to decentralized services, improving the overall user experience.

Commenting on this collaboration, Victor Mendes, Head of Business Development at Wallet, celebrated its impact on the TON ecosystem. He emphasized that integrating Toncoin into Oobit’s Tap & Pay feature provides millions of users with a simple Web3 on-ramp experience that aligns with the vision of widespread cryptocurrency adoption.

Overall, Tether’s collaboration with the TON Foundation and Oobit aims to expand USD₮ accessibility globally, facilitate seamless value transfers within the TON ecosystem, and provide a seamless cryptocurrency tap-and-pay experience through Oobit. This partnership continues to drive Tether’s efforts to transform the cryptocurrency landscape and challenge the traditional financial system.

When the money, payments and communications ecosystem join forces, they create an unstoppable TogETHER. https://t.co/dxl3HEgtrN
— Paolo Ardoino 🍐 (@paoloardoino) May 16, 2024

SMOG: Revolutionizing Meme Coin Arena with a gamified airdrop strategy

A meme coin called SMOG has quickly established itself as one of the best Solana-based cryptocurrencies of the year, surging in value by over 1000% since its launch on the Jupiter DEX. Inspired by the dragon character “Smog” from the Hobbit series, this digital asset embodies the mystical theme within the Solana ecosystem and aims to revitalize the meme coin market with its unique appeal.

SMOG is not just a meme coin. It set itself apart by announcing what many are calling its most ambitious airdrop to date. The plan includes a gamified system where token holders participate in various activities to earn airdrop points on a regular schedule. The project’s strategy includes daily, weekly, and monthly tasks that contribute to this interactive airdrop experience.

The SMOG development team with extensive experience in the web3 space further strengthens the project’s credibility as the best cryptocurrency investment in 2024. The project’s dynamics are designed to mirror the initial market reaction seen with other Solana-based tokens such as BONK and Myro. , but it has additional features that enhance its appeal.

Originally, SMOG could only be obtained through SOL exchanges. However, recent developments have introduced the ETH bridge to include ETH and expanded purchasing options directly from the project website. With the addition of staking features, its functionality and attractiveness have also improved.

The project’s roadmap, infused with a memetic nature in nature, outlines plans for multiple airdrops that add a layer of gamification to the entire venture. SMOG aims to grow into the leading meme coin in the Solana ecosystem and ultimately become the king of SOL.

Recent updates have highlighted SMOG’s growing influence and success. As of early March 2024, SMOG has had the biggest gain with a market capitalization exceeding $20 million, according to CoinMarketCap data.

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