2024

Security

TRON

<ul> 
 <li><strong>Tether and Uquid partner to enable USDT payments for social security contributions in the Philippines.</strong></li> 
 <li><strong>The integration of USDT on the TON blockchain aims to streamline and secure social security transactions.</strong></li> 
</ul>  
<p>Aiming to modernize the payment mechanism for social security contributions in the Philippines, <a href="https://www.crypto-news-flash.com/binance-boosts-ton-network-with-usdt-integration-amid-market-volatility/">Tether</a> has <a href="https://x.com/Tether_to/status/1807685715217506410">partnered</a> innovatively with Uquid. Using USDT on the TON blockchain, this partnership will provide security and efficiency to the state-run Social Security System (SSS) of the nation.</p> 
<h2 id="strong-streamlining-social-security-payments-with-blockchain-strong"><strong>Streamlining Social Security Payments with Blockchain</strong></h2> 
<p>A major change in the digital financial scene is the inclusion of USDT, a top stablecoin, into the SSS payment system. With <a href="https://www.crypto-news-flash.com/china-takes-down-1-9-billion-underground-banking-ring-tied-to-usdt-transactions/" target="_blank" rel="noopener">USDT</a>, Filipinos will now have the choice to pay their social security contributions, so guaranteeing efficient, safe, and quick transactions.</p> 
<p>This is a significant step toward including blockchain technology in public services and improving the user experience generally.</p> 
<p>Blockchain researcher Collin Brown <a href="https://x.com/CollinBrownXRP/status/1807741844433883530">responded</a> passionately to this advancement, stressing its ability to greatly increase financial accessibility and innovation.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Exciting news from <a href="https://twitter.com/hashtag/Tether?src=hash&amp;ref_src=twsrc%5Etfw">#Tether</a> and Uquid! Filipinos can now use USDT on the <a href="https://twitter.com/hashtag/TON?src=hash&amp;ref_src=twsrc%5Etfw">#TON</a> blockchain to pay social security funds, thanks to their new partnership. A major step forward in financial accessibility and innovation. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4bc.png" alt="💼" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/TARHesSxZp">https://t.co/TARHesSxZp</a> <a href="https://t.co/G5b1tp7EgA">pic.twitter.com/G5b1tp7EgA</a></p> 
 <p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1807741844433883530?ref_src=twsrc%5Etfw">July 1, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>On the other hand, a prior CNF report, has highlighted USDT’s growing appeal, particularly in <a href="https://www.crypto-news-flash.com/tron-popularity-in-latam-48-78-of-uquid-users-choose-usdt/">Latin America</a>. Amazingly, 48.78% of Latam users of Uquid choose USDT on the TRON network. This trend captures the growing faith in stablecoins as a dependable form of digital payment.</p> 
<h3 id="strong-the-growing-dominance-of-usdt-strong"><strong>The Growing Dominance of USDT</strong></h3> 
<p>General adoption, particularly on the TRON network, has strengthened USDT’s market dominance. <a href="https://www.crypto-news-flash.com/tethers-usdt-on-tron-network-outpaces-visa-with-53-billion-daily-volume/">Visa</a> and other conventional digital payment systems may find this increase in use problematic. USDT is increasingly seen as a good substitute for worldwide digital transactions as it gains momentum.</p> 
<p>In the sphere of digital payments, Tether and Uquid’s cooperation in the Philippines shows encouraging progress. Using the TON blockchain, this alliance seeks to offer a more safe and effective approach for social security payments.</p>

Tether & Uquid Team Up to Modernize Philippine Social Security Payments

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