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

On May 17, 2024

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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