Bitcoin Payment App 'STRIKE' Integrates with Tether's USDT
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Bitcoin payment app 'Strike' integrates with Tether's USDT.
Strike, a Bitcoin payments company and money transfer app, has announced integration with the world's largest stablecoin, Tether's USDT.
This integration will help drive widespread adoption in the crypto industry as it reduces the problem of cryptocurrency price volatility.
USDT is a stablecoin whose price is 1 USD because it is pegged to a specific fiat currency, the dollar.
This integration will thus create a “trusted bridge” between the crypto world and traditional financial systems, while minimizing exposure to price fluctuations.
Users can quickly convert their digital assets into fiat currency using the stablecoin, thereby overcoming “liquidity challenges”.
Tether CTO Paolo Ardoino commented: “We are excited to announce the integration of Tether (USD₮) with Strike. This is a pivotal moment for the cryptocurrency industry as it signals the growing adoption and recognition of stablecoins as a reliable and efficient digital payment solution.”
Strike has announced that it will expand its app to over 65 countries, from its current bases in the United States and El Salvador, bringing the app’s total reach to nearly 3 billion people.
So give your opinion on this integration. Will it help in increasing the adoption of cryptocurrency?
For daily crypto news and updates, click the subscribe button.
Strike, a Bitcoin payments company and money transfer app, has announced integration with the world's largest stablecoin, Tether's USDT.
This integration will help drive widespread adoption in the crypto industry as it reduces the problem of cryptocurrency price volatility.
USDT is a stablecoin whose price is 1 USD because it is pegged to a specific fiat currency, the dollar.
This integration will thus create a “trusted bridge” between the crypto world and traditional financial systems, while minimizing exposure to price fluctuations.
Users can quickly convert their digital assets into fiat currency using the stablecoin, thereby overcoming “liquidity challenges”.
Tether CTO Paolo Ardoino commented: “We are excited to announce the integration of Tether (USD₮) with Strike. This is a pivotal moment for the cryptocurrency industry as it signals the growing adoption and recognition of stablecoins as a reliable and efficient digital payment solution.”
Strike has announced that it will expand its app to over 65 countries, from its current bases in the United States and El Salvador, bringing the app’s total reach to nearly 3 billion people.
So give your opinion on this integration. Will it help in increasing the adoption of cryptocurrency?
For daily crypto news and updates, click the subscribe button.
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