Strike, the Bitcoin payments app, now supports Tether’s USDT stablecoin, enabling users to easily buy, sell, and transact with USDT within the app.
The popular global money app, Strike, has added Tether (USDT) to its platform. Strike is known for its fast and secure payment solutions and has now integrated USDT, a digital currency, to provide users with more financial options and convenience.
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Strike Integrates Tether’s USDT
The official announcement states that the addition of Tether to the Strike app brings many advantages to users. They can now easily access USDT for various transactions, including on-ramps, off-ramps, and settlements. This integration follows Strike’s recent expansion into 65 new countries, expanding its availability beyond the United States, Argentina, and El Salvador. With the Lightning Network technology in the app, users can send and receive Bitcoin instantly, making transactions even faster.
With the integration of Tether (USDT) into the Strike app, users can now enjoy the advantages of a stablecoin tied to the US dollar. This means that their transactions will have a consistent and predictable value. By incorporating Tether, Strike offers users the convenience of instant Bitcoin transactions along with the stability of a traditional currency. Additionally, according to the documents provided by the company, Strike will store funds of clients outside the United States in USDT, rather than any other regular currency.
How Will Crypto Benefit?
By integrating Tether, the Strike platform gains important functionalities. Users can now make quick, secure, and efficient payments, allowing for seamless money transfers worldwide. This combination of Strike’s compatibility with the Lightning Network and Tether’s stable value helps connect traditional financial systems with cryptocurrencies, promoting the integration and widespread use of digital assets.
According to Tether, this partnership aims to empower users by offering them a user-friendly interface and advanced payment solutions. It also utilizes Tether’s stability as a trusted store of value. Paolo Ardoino, the CTO of Tether, expressed his thoughts on this collaboration, stating:
The integration of Tether (USDT) addresses a major challenge for cryptocurrencies, which is their price volatility. With Tether, users can enjoy the benefits of digital assets while reducing the risk of sudden price changes.
We think that this partnership will encourage more people to use digital currencies, promote innovation, and create a financial system that includes everyone,” he added.
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.
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