Tether has partnered with mobile payment app Oobit and the TON Foundation to simplify cryptocurrency payments. This collaboration aims to make using crypto for everyday purchases smoother and more accessible.
Tether recently launched its popular tokens, USDT (Tether dollar) and XAUT (Tether gold), on the TON blockchain. This allows users to send USD₮ directly through Telegram messages and use them for instant crypto payments on Oobit’s Tap & Pay feature. With over $200 million worth of USDT already issued on TON, the technology is gaining traction.
“We’re excited to partner with Oobit and TON to expand Tether’s use and drive crypto payments forward,” said Paolo Ardoino, CEO of Tether. This partnership has the potential to provide people without traditional bank accounts with a way to use cryptocurrencies and participate in the global financial system.
Oobit offers a user-friendly Tap & Pay option for crypto payments. This means businesses can receive regular currency (fiat) even when payments are made in USDT. This integration aims to make crypto a more practical and widely accepted payment method.
The TON blockchain, a decentralized alternative to the internet, plays a key role in this collaboration. With TON’s integration with Telegram, USD₮ and potentially XAUT could provide a simple way for Telegram’s massive user base to make peer-to-peer (P2P) payments.
“This integration makes cryptocurrency accessible and user-friendly,” said Victor Mendes of the TON Foundation. By working together, Tether, Oobit, and TON aim to make crypto a part of everyday life for millions of people worldwide.
