Tether, TON Foundation, and Oobit Team Up for Enhanced Crypto-Payment Solutions

Tether
Operations
Limited,
a
dominant
entity
in
the
digital
asset
sector,
has
partnered
with
Oobit,
a
mobile
payment
application,
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
TON’s
ecosystem.
This
move
enhances
the
speed,
security,
and
cost-effectiveness
of
cryptocurrency
transactions.
Over
$200
million
worth
of
USD₮
has
been
issued
on
TON’s
blockchain,
allowing
users
to
send
USD₮
via
direct
message
on
Telegram
and
utilize
it
for
instant
crypto
Tap
payments
on

Oobit.
This
underscores
Tether’s
leadership
in
digital
assets
and
its
dedication
to
shaping
the
future
of
finance.

Paolo
Ardoino,
CEO
of
Tether,
expressed
enthusiasm
about
the
partnership,
highlighting
the
goal
of
promoting
cryptocurrency
payment
adoption.
He
emphasized
Tether’s
commitment
to
innovation
and
accessibility
in
digital
finance,
aiming
to
provide
banking
solutions
to
the
unbanked
and
revolutionize
cryptocurrency
transactions,
making
them
more
convenient
and
accessible.

Enhancing
User
Experience
with
Seamless
Crypto
Transactions

Oobit’s
role
in
this
collaboration
includes
offering
a
seamless
crypto

Tap
&
Pay
experience,
ensuring
merchants
receive
fiat
currency
even
when
payments
are
made
in
USD₮.
This
integration
aims
to
expand
cryptocurrency
usage
as
a
practical
and
widely
accepted
payment
method.
Amram
Adar,
CEO
of
Oobit,
reiterated
the
company’s
mission
to
empower
individuals
to
leverage

digital
assets
fully,
emphasizing
that
this
collaboration
provides
unbanked
individuals
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
allows
for
the
potential
use
of
USD₮
and
XAU₮
on
TON,
providing
a
borderless
peer-to-peer
(P2P)
payment
experience
for
Telegram
users.
This
integration
enhances
access
to
decentralized
services,
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
feature
offers
millions
of
users
a
straightforward
Web3
on-
and
off-ramp
experience,
aligning
with
the
vision
of
widespread
cryptocurrency
adoption.

Overall,
Tether’s
collaboration
with
the

TON
Foundation
and
Oobit
aims
to
expand
USD₮
accessibility
globally,
facilitate
smooth
value
transfers
within
TON’s
ecosystem,
and
provide
a
seamless
crypto
Tap
&
Pay
experience
with
Oobit.
This
partnership
continues
to
drive
Tether’s
efforts
in
transforming
the

cryptocurrency
landscape
and
challenging
the
traditional
financial
system.

When
money,
payments
and
communication
ecosystems
join
forces
they
become
unstoppable
TogETHER.

https://t.co/dxl3HEgtrN

—
Paolo
Ardoino
????
(@paoloardoino)

May
16,
2024

SMOG:
Revolutionizing
the
Meme
Coin
Arena
with
Its
Gamified
Airdrop
Strategy

The
meme
coin
named
SMOG
has
quickly
established
itself
as
one
of
the
premier
Solana-based
cryptocurrencies
of
the
year,
experiencing
a
surge
of
over
1000%
in
value
following
its
launch
on
Jupiter
DEX.
This
digital
asset,
drawing
inspiration
from
the
dragon
character
“Smog”
in
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
meme
coin;
it
has
set
itself
apart
by
announcing
what
many
are
calling
the
most
ambitious
airdrop
ever.
This
initiative
includes
a
gamified
system
where
token
holders
engage
in
various
activities
to
earn
airdrop
points
on
a
regular,
scheduled
basis.
The
project’s
strategy
incorporates
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,
further
reinforces
the
project’s
credibility
as
a
top
cryptocurrency
investment
for
2024.
The
project’s
dynamics
are
designed
to
mirror
the
initial
market
responses
seen
with
other
Solana-based
tokens
like
BONK
and
Myro,
but
with
added
features
that
enhance
its
appeal.

Originally,
SMOG
could
only
be
acquired
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
capabilities
has
also
enhanced
its
functionality
and
appeal.

The
project’s
roadmap,
infused
with
its
inherently
memetic
nature,
outlines
plans
for
multiple
airdrops
that
add
a
layer
of
gamification
to
the
entire
venture.
SMOG
aims
to
ascend
as
the
leading

meme
coin
in
the
Solana
ecosystem,
eventually
becoming
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,
boasting
a
market
capitalization
exceeding
$20
million.

Visit
Smog

Related
News