Tether Pushes Crypto in the Philippines: Pay Social Security with USDT

Bittime - Tether, a renowned stablecoin issuer, has announced an innovative step in integrating crypto into the Philippine public financial system. Filipino residents can now use USDT stablecoin to make contributions to the country's Social Security System (SSS). This marks a new era in crypto adoption in the Philippines and opens up opportunities for millions of people to experience the benefits of blockchain technology.

Tether's Strategic Collaboration with Uquid Paves the Way

Tether has a partnership with Uquid, a leading Web3 shopping and infrastructure company in the Philippines, to enable USDT payments on the TON blockchain. Uquid is renowned for its expertise in leveraging DeFi and blockchain to facilitate various crypto payment options.

This collaboration marks an important milestone in Tether's efforts to integrate digital currencies into everyday transactions, particularly in enabling crypto micropayments. Uquid CEO, Tran Hung, underlined that this partnership aims to redefine ease and accessibility in digital shopping, setting new standards for the industry.

USDT Improving Accessibility and Efficiency of the Social Security System

The implementation of USDT for SSS payments is expected to bring significant benefits to users. The ease and speed of transactions with USDT will help improve the accessibility and efficiency of the social security system.

Lower transaction fees and a secure alternative to traditional banking services is also an added value for SSS contributors.

Bridging the Fintech Gap and Expanding USDT's Reach

Tether collaboration with Uquid and integration of USDT into the Philippine SSS system marks an important step in bridging the gap between fintech and traditional financial systems. This opens up opportunities for millions of people in the Philippines to experience the benefits of blockchain technology and digital assets.

This move also expands the reach of USDT, the world's third largest stablecoin, to new markets and increasing its adoption among the wider public.

Tether and Uquid Collaboration: The Future is Bright for Crypto Adoption in the Philippines

Tether and Uquid's collaboration, along with other innovative moves, shows that Crypto adoption in the Philippines is growing rapidly. With more and more companies and institutions accepting crypto, the future looks bright for blockchain technology and digital assets in the country.

Conclusion

The implementation of USDT for SSS payments in the Philippines is an important step in driving crypto adoption and opening up new opportunities for millions of people. Tether's collaboration with Uquid demonstrates their commitment to integrating digital currencies into traditional financial systems and increasing accessibility for the wider community. By continuing to improve education and infrastructure, the future of crypto in the Philippines looks promising.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.