HomeNEWSTether, Strike collaborates to push crypto advancement

Tether, Strike collaborates to push crypto advancement


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In a collaborative effort to advance the crypto space, Strike has partnered with popular stablecoin issuer, Tether. As a result of the collaboration, Strike will integrate Tether into its platform. Tether confirmed the development today in an official announcement. According to the announcement, the stablecoin issuer described Strike as a prominent payment platform built on Bitcoin Lightning. 

More so, the announcement provided insights into the benefits of the partnership between the two organizations. As revealed, the collaboration is targeted at opening a new pathway for the seamless processing of virtual transactions. Consequently, the synergy will help solidify the position of Strike in the industry as a force to reckon with. 

Lately, Strike has focused on expanding its services into more countries. Recently, the payment giant expanded into sixty-five (65) additional countries. Combined with its robust system, Strike is willing to leverage the recognition of Tether to push for the mainstream adoption of cryptocurrency. The two firms identified the factors that are militating against the global acceptance of crypto. Therefore, combining forces to address them. 

Likewise, Tether revealed that the recent partnership with Strike will help provide a bridge between the virtual and traditional world of finance. Strike with the support of Tether will help reduce users’ exposure to the fluctuations of cryptocurrency. Meanwhile, the collaboration surfaced as a result of Tether and Strike’s commitment to democratizing finance and promoting inclusivity on a global scale.

Side notes about Tether

Over the past few months, Tether has been showing significant efforts towards expanding its offerings across board. Barely a few days ago, it collaborated with Kriptonmarket, a renowned on/off ramp project. Worthy of note that the stablecoin issuer seeks to leverage the collaboration to advance stablecoins access in Argentina.

According to the announcement, residents in the country can now trade with stablecoins at the popular Central Market of Buenos Aires. Through the partnership, Tether also aims to provide the market with more than 850 wholesale merchants. Also, the market will get at least 50 retail merchants. Meanwhile, these merchants will be empowered to accept USDT. They will also be able to directly pay bills using KriptoPayments.

Tether has also shown laudable commitment to combating child abuse content, particularly on crypto marketplaces. As part of its drive to achieve this, it collaborated with INHOPE, a worldwide network fighting online Child Sexual Abuse Material (CSAM). Through the collaboration, the Stablecoin issuer seeks to engage critical stakeholders on possible ways forward to the increasing child abuse content. To date, Tether is the only firm that has associated with INHOPE on the initiative.

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David Idowu
David Idowu
David Idowu is a crypto reporter and trader with wealthy years of experience. He believes that blockchain technology has numerous opportunities that are begging for proper utilization. Away from work, David is either reading about World Politics, History or Tech Innovations.

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