Payment company Strike, which operates in harmony with the Lightning Network on the Bitcoin (BTC) network, has integrated Tether (USDT) into its platform.
In an announcement shared by Tether on May 22, details of the integration with Bitcoin payment application Strike were included. Company, global in diameter He emphasized that this step taken to serve more users is important for the development of the industry. made integration on the Strike payment application in line with “On-off ramp services” in the scope of USDT can be used.
Combining the stability and utility of Tether’s digital currency with Strike’s innovative payment solutions, users will experience a new era of secure and efficient transactions. This collaboration represents an important step towards mainstream adoption of cryptocurrencies as it addresses many of the key challenges facing the industry.
Technology known as on-off rampindividuals or businesses crypto assets converting them into traditional fiat currencies such as the dollar, euro or yen. is the mechanism. Essentially, people’s crypto assets “cash conversions” and transfers to a bank account or other financial instruments using fiat currency.
Tether CTO Paolo Ardoino In a statement on the subject, it was emphasized how important this step is for the development of the stablecoin industry:
We’re excited to announce Tether’s integration with Strike. This is a crucial moment for the cryptocurrency industry as it signifies the growing acceptance and recognition of stablecoins as a reliable and efficient digital payment solution. We believe this collaboration will foster widespread adoption of digital currencies, foster innovation and create a more inclusive financial ecosystem for all.
On the other hand, according to the details offered by Strike USA other than of customers”cash” balances are not in any fiat currency in USDT will be held. Although there is a cash expression in some places in the application, this expression is written that way for customers to easily perceive and it is actually USDT will mean specifically stated.
Among the services offered by Strike are those made with cryptocurrencies. momentary money transfers, shopping centre payments, your invoices payment and other payment transactions.