- It is not yet clear which blockchains are being used for integration
- This collaboration is a significant step forward towards the widespread adoption of cryptocurrencies.
Strike payment service that supports bitcoin payments, announced about integrating USDT stablecoins into your application. Tether CTO Paolo Ardoino said the move means that it is now possible to deposit, withdraw and settle using the Tether stablecoin in the Strike app.
There is currently no information regarding which blockchains will be used to support USDT on the platform. Ardoino stated that it will be a mixture of the networks that are used the most.
The Tether statement says:
“By using the Tether stablecoin as an intermediary, users are able to quickly convert their cryptocurrencies into fiat currency, overcoming the liquidity issues that have previously hindered adoption. This user-friendly idea is in line with Tether and Strike’s goal of making finance accessible to everyone and promoting engagement for people around the world.”
The news of the integration comes two days after Strike launched its app in 65 new countries, previously only available in the US, Argentina and El Salvador. They are also moving their headquarters from Chicago to El Salvador, a country where bitcoin is legally accepted.