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Tether Operations Limited, a dominant entity in the digital asset industry, has partnered with Oobit, a mobile payment application, and the TON Foundation to transform the use of cryptocurrencies for payments. This partnership aims to provide users with a smooth and convenient transaction experience.
Joint effort aims to revolutionize cryptocurrency transactions and expand global accessibility
Tether recently introduced USD₮ and XAU₮ on TON, enabling easy transfers within the TON ecosystem. This move improves the speed, security and cost-effectiveness of cryptocurrency transactions. More than $200 million worth of USD₮ has been issued on TON’s blockchain, allowing users to send USD₮ via direct message on Telegram and use it for instant crypto Tap payments on Oobit. This underlines Tether’s leadership in digital assets and its commitment to shaping the future of finance.
Paolo Ardoino, CEO of Tether, expressed his excitement about the partnership and emphasized the goal of promoting the adoption of cryptocurrency payments. He highlighted Tether’s commitment to innovation and accessibility in digital finance, with the aim of providing banking solutions to the unbanked and revolutionizing cryptocurrency transactions, making them easier and more accessible.
Improving user experience with seamless crypto transactions
Oobit’s role in this partnership includes offering seamless crypto Tap & Pay experience, which allows merchants to receive fiat money even when payments are made 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 enable individuals to fully leverage digital assets, highlighting that this partnership provides unbanked individuals with access to prominent cryptocurrencies and global payments.
The TON Foundation, which aims to create a decentralized alternative to the conventional internet through blockchain technology, plays a crucial role in this collaboration. TON’s integration with Telegram enables the potential use of USD₮ and XAU₮ on TON, providing a borderless peer-to-peer (P2P) payment experience for Telegram users. This integration improves access to decentralized services, improving the overall user experience.
Victor Mendes, Head of Business Development at Wallet, commented on the partnership and celebrated its impact on the TON ecosystem. He highlighted that the integration of Toncoin into Oobit’s Tap & Pay feature will provide millions of users with a simple Web3 on- and off-ramp experience, in line with the vision of widespread cryptocurrency adoption.
Overall, Tether’s partnership with the TON Foundation and Oobit aims to expand the accessibility of USD₮ globally, facilitate smooth value transfers within the TON ecosystem, and provide a seamless crypto Tap & Pay experience with Oobit. This partnership continues to drive Tether’s efforts to transform the cryptocurrency landscape and challenge the traditional financial system.
When money, payment and communication ecosystems join forces, TOGETHER they become unstoppable. https://t.co/dxl3HEgtrN
— Paolo Ardoino 🍐 (@paoloardoino) May 16, 2024
SMOG: Revolutionizing the Meme Coin Arena with its gamified airdrop strategy
The meme coin called SMOG has quickly established itself as one of the top Solana-based cryptocurrencies of the year and has experienced an increase in value of over 1000% after launching on Jupiter DEX. Inspired by the dragon character ‘Smog’ from the Hobbit series, this digital asset embodies a mystical theme within the Solana ecosystem, aiming to rejuvenate the meme coin market with its unique allure.
SMOG isn’t just a meme coin; it has distinguished itself by announcing what many are calling the most ambitious airdrop ever. This initiative involves a gamified system where token holders undertake various activities to earn airdrop points on a regular, scheduled basis. The project strategy includes daily, weekly and monthly tasks that contribute to this interactive airdrop experience.
The development team behind SMOG, equipped with extensive experience in the web3 space, strengthens the project’s credibility as a top cryptocurrency investment for 2024. The project’s dynamics are designed to mirror the initial market reactions seen at others on Solana based tokens such as BONK and Myro. , but with additional features that increase its appeal.
Originally, SMOG could only be obtained by exchanging SOL. However, recent developments have introduced an ETH bridge, expanding purchasing options to include ETH, and directly from the project’s website. The addition of staking options has also increased its functionality and appeal.
The project’s roadmap, imbued with its inherently memetic nature, outlines plans for multiple airdrops that add a layer of gamification to the entire endeavor. SMOG aims to rise as the leading meme coin in the Solana ecosystem and eventually become the reigning SOL king.
Recent updates have highlighted SMOG’s growing influence and success. As of early March 2024, CoinMarketCap data indicated that SMOG was among the biggest gainers, with a market capitalization of over $20 million.
Visit Smog
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