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Home»ADOPTION NEWS»Tether (USD₮) and Uquid join forces to power everyday cryptocurrency transactions
ADOPTION NEWS

Tether (USD₮) and Uquid join forces to power everyday cryptocurrency transactions

By Crypto FlexsJune 26, 20243 Mins Read
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Tether (USD₮) and Uquid join forces to power everyday cryptocurrency transactions
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Tether Operations Limited, the largest company in the digital asset industry, announced the launch of the 1USD₮ store in collaboration with Uquid, a Web3 e-commerce platform. According to tether.io, this collaboration leverages cutting-edge decentralized finance (De-Fi) technology and blockchain infrastructure to enhance cryptocurrency micropayments and the overall cryptocurrency shopping experience, demonstrating the real-world use of USD₮ in everyday transactions and digital commerce. aims to do so. .

1USD₮ store launched

This collaboration, which marks another step in the evolution of digital commerce, will allow users to shop quickly and conveniently by purchasing a wide range of products with only USD₮. The 1 USD₮ store can be accessed via the website 1USDt.store or via Telegram @shop1USDt_bot. It offers a wide range of products, from digital products such as mobile top-ups and gift cards to physical products, all priced at less than 1 USD₮.

Uquid’s role in Web3 shopping

Uquid, a platform that leverages blockchain technology and decentralized finance to provide a secure and transparent shopping experience, has been a pioneer in Web3 shopping infrastructure since 2016. Uquid upgraded the De-Fi payment system in digital e-commerce to help users solve their problems. We provide seamless and safe shopping solutions to meet Web 2.0 shopping challenges and Web3 shopping experiences.

Statement from Tether and Uquid

“We are excited to work with Uquid to overhaul the cryptocurrency shopping experience. In the past few years, users could only hope for a reliable, limitless and unlimited cross-border payment solution. We now live in a future where all of this is accomplished, and we are proud to be part of the driving force that makes it happen. The launch of the 1 USD₮ Store allows both users and merchants to participate in a new era of convenient, transparent and rewarding digital transactions,” said Paolo Ardoino, CEO of Tether.

Tran Hung, CEO of Uquid, said: “The launch of the 1 USD₮ store marks an important milestone in our journey to bridge the gap between digital currencies and daily transactions and enable cryptocurrency micropayments. Our dual-platform approach ensures that customers can engage with our services through Telegram or a dedicated online portal, increasing the flexibility and reach of our services. “This initiative, supported by Tether, sets a new standard for convenience and accessibility in digital shopping.”

Implications for Financial Freedom

This collaboration further reaffirms Tether’s goal of promoting the digital use of fiat currencies to advance financial freedom and ensure accessibility for the unbanked.

Image source: Shutterstock



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