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Tether Operations Limited, a dominant entity in the digital assets industry, has partnered with Oobit, a mobile payments app, and the TON Foundation to transform the use of cryptocurrencies for payments. This collaboration aims to provide users with a smooth and convenient transaction experience.
Collaborative effort aims to revolutionize cryptocurrency transactions and expand global accessibility
Tether recently introduced USD₮ and XAU₮ on TON, facilitating easy transfers within the TON ecosystem. The move improves the speed, security and profitability of cryptocurrency transactions. Over $200 million in USD₮ has been issued on the TON blockchain, allowing users to send USD₮ via direct message on Telegram and use it for instant payments in crypto Tap on Oobit. This highlights Tether’s leadership in digital assets and its commitment to shaping the future of finance.
Paolo Ardoino, CEO of Tether, expressed his enthusiasm for the partnership, highlighting the goal of promoting cryptocurrency payment adoption. 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 more practical and accessible.
Improving User Experience with Seamless Crypto Transactions
Oobit's role in this collaboration includes providing a transparent cryptography system Tap & Pay Experience, ensuring that merchants receive fiat currency even when payments are made in USD₮. This integration aims to expand the use of cryptocurrency as a convenient and widely accepted payment method. Amram Adar, CEO of Oobit, reiterated the company's mission to empower individuals digital assets fully, highlighting that this collaboration allows the unbanked to access leading cryptocurrencies and global payments.
The TON Foundation, which aims to create a decentralized alternative to the conventional Internet thanks to 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, thereby improving the overall user experience.
Victor Mendes, Head of Business Development at Wallet, commented on the collaboration, celebrating its impact on the TON ecosystem. He highlighted that the integration of Toncoin into Oobit's Tap & Pay functionality provides millions of users with a simple Web3 entry and exit experience, in line with the vision of widespread adoption of cryptocurrencies.
Overall, Tether's collaboration with the TON Foundation and Oobit aims to expand the accessibility of USD₮ globally, facilitate seamless value transfers within the TON ecosystem, and deliver a seamless Tap & Pay crypto experience with Oobit. This partnership continues to drive Tether’s efforts to transform the cryptocurrency landscape and challenge the traditional financial system.
When money, payments and communications ecosystems join forces, they become unstoppable TogETHER. https://t.co/dxl3HEgtrN
– Paolo Ardoino 🍐 (@paoloardoino) May 16, 2024
SMOG: revolutionize the Meme Coin Arena with its gamified airdrop strategy
The meme coin named SMOG quickly established itself as one of the top Solana-based cryptocurrencies of the year, seeing an increase of over 1,000% in value after its launch on Jupiter DEX. This digital asset, inspired by the dragon character “Smog” from the Hobbit series, embodies a mystical theme within the Solana ecosystem, aiming to rejuvenate the meme coin market with its unique allure.
SMOG is not just another coin; he stood out by announcing what many are calling the most ambitious airdrop ever. This initiative includes a gamified system in which token holders engage in various activities to earn airdrop points on a regular, scheduled basis. The project strategy incorporates daily, weekly, and monthly tasks that contribute to this interactive airdrop experience.
The development team behind SMOGwith extensive experience in the web3 space, further strengthens the project's credibility as a leading cryptocurrency investment for 2024. The project's dynamics are designed to reflect initial market responses observed with other tokens based on Solana like BONK and Myro, but with additional features. which enhance its appeal.
Originally, SMOG could only be acquired by trading SOL. However, recent developments have introduced an ETH bridge, expanding purchase options to include ETH, and doing so directly from the project website. The addition of staking capabilities has also improved its functionality and appeal.
The project roadmap, imbued with its inherently memetic nature, outlines plans for several airdrops that add a layer of gamification to the entire project. SMOG aims to become the leader coin in the Solana ecosystemeventually becoming the reigning king of SOL.
Recent updates have highlighted SMOG's growing influence and success. In early March 2024, CoinMarketCap data indicated that SMOG was among the biggest gainers, with a market capitalization above $20 million.
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