Stablecoin

2024

The Sandbox

Security

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<ul>
 <li>The Philippines makes strides in adopting and integrating blockchain technology.&nbsp;</li>
 <li>Filipinos can now make their social security payments in USDT.</li>
 <li>This collaboration is brought to them by Uquid, Tether, and the TON blockchain.</li>
</ul>
<p>The crypto revolution is expanding faster in the eastern hemisphere. With bullish news coming from Japan via Sony’s crypto exchange launch, the Philippines is hot on its tail with its own bullish crypto announcement.</p>
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   <p lang="en" dir="ltr">Pay Social Security System contributions with USD₮ on <a href="https://twitter.com/ton_blockchain?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ton_blockchain</a> via <a href="https://twitter.com/uquidcard?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@uquidcard</a> in Philippines<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f5-1f1ed.png" alt="🇵🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/8WJyNVH0ux" rel="noopener noreferrer nofollow">pic.twitter.com/8WJyNVH0ux</a></p>— Tether (@Tether_to) <a href="https://twitter.com/Tether_to/status/1807685715217506410?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 1, 2024</a>
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<p>In detail, Tether is collaborating with <a href="https://uquid.com/" target="_blank" rel="noopener noreferrer nofollow">Uquid</a> to allow citizens of the Philippines to pay their social security system contributions in USDT. More excitingly, this social security payments system will run on the <a href="https://ton.org/" target="_blank" rel="noopener noreferrer nofollow">TON blockchain</a>.</p>
<p>To highlight, this collaboration will revolutionize social security payments for the locals and simplifies the entire process for the nation as a whole. Furthermore, Uquid, being a decentralized business infrastructure platform, enables seamless use for Filipinos to pay their contributions without any hassles or security risks.&nbsp;</p>
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   <p lang="en" dir="ltr">BREAKING: Tether Partners with Uquid to Revolutionize Social Security Payments in the Philippines with USDT on TON Blockchain<br><br>Tether has joined forces with Uquid, a decentralized business infrastructure platform, to enable Filipinos to pay their social security contributions…</p>— Kyle Chassé (@kyle_chasse) <a href="https://twitter.com/kyle_chasse/status/1807730174621778158?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 1, 2024</a>
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<p>This system serves employees across multiple sectors, ensures security and efficiency, and supports blockchain collaboration. All in all, the partnership showcases the nation’s modern approach to process payments for the state-run social security system.</p>
<p>The Philippines has taken many strides to appreciate and adopt crypto and blockchain innovation within its border. For instance, the country has discussed implementing <a href="https://cryptonewsland.com/the-philippines-discusses-blockchain-based-elections/" target="_blank" rel="noopener noreferrer nofollow">blockchain-based elections</a> and is working on a <a href="https://cryptonewsland.com/philippines-preps-to-welcome-peso-pegged-stablecoin-phmu/" target="_blank" rel="noopener noreferrer nofollow">Peso-pegged stablecoin</a>.&nbsp;</p>
<p>More interestingly, the Philippines held the title of the <a href="https://cryptonewsland.com/philippines-crowned-most-interested-in-web3-gaming-again/" target="_blank" rel="noopener noreferrer nofollow">country most interested in web3 gaming more than once</a>. Indeed, the country is very welcoming towards integration of blockchain technology into its borders. However, this is likely one of the first instances where the tech has been integrating into public services.&nbsp;</p>
<p>This collaboration is also a huge milestone for The Open Network (TON). The TON blockchain has had an incredible run so far. This year the asset entered the top 10 market cap list and is still set to make a more flourishing performance during the golden bull run phase.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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 <li><a href="https://cryptonewsland.com/philippine-colleges-to-offer-bitcoin-and-crypto-courses/" rel="noopener noreferrer nofollow">Philippine Colleges to offer Bitcoin and crypto courses</a></li>
 <li><a href="https://cryptonewsland.com/cz-lands-in-philippines-to-expand-binance-exchange/" rel="noopener noreferrer nofollow">CZ Lands In Philippines To Expand Binance Exchange</a></li>
 <li><a href="https://cryptonewsland.com/philippines-will-soon-launch-its-nft-sale-collection-on-the-sandbox/" rel="noopener noreferrer nofollow">Philippines Will Soon Launch Its NFT Sale Collection on The Sandbox</a></li>
 <li><a href="https://cryptonewsland.com/philippines-crowned-most-interested-in-web3-gaming-again/" rel="noopener noreferrer nofollow">Philippines Crowned Most Interested in Web3 Gaming, Again</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/ton-and-uquid-collaborate-to-allow-social-security-payments-in-usdt/" rel="noopener noreferrer nofollow">TON and Uquid Collaborate to Allow Social Security Payments in USDT Within the Philippines</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

TON and Uquid Collaborate to Allow Social Security Payments in USDT Within the Philippines

Crypto News Land

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