Strike Add USDT Tether On Its Payment Platform

USDT stablecoin. (Photo; Doc. Coinpri)

JAKARTA Global payment companies developed with Bitcoin Lightning Network, Strike, officially added USDT stablecoins on its platform. That way, Strike users can transact using USDT either for purchases or sales.

Commenting on USDT's integration into Strike, CTO Tether, Paolo Ardoino explained that there is still work to be done. Namely the determination of the blockchain that will be used to support this integration on the Strike platform. Even so, he gave guidance on this matter by using the most widely used blockchain.

USDT's entry into payment platforms is in line with Strike's efforts to plan to spread its wings to various countries. This is strike's effort to strengthen its influence in the international environment.

As is known, USDT is the largest stablecoin in the world. Data from CoinMarketCap shows USDT's trading volume is in the range of IDR 297 trillion. Therefore, Strike hopes to take advantage of USDT's stability as a store of value that can be relied on to attract more consumers around the world.

"Everyone on Earth should have easy access to money that the government cannot inflate and payment networks that cannot be influenced by intermediaries (third parties)," said Strike founder Jack Mallers.

Strike included USDT on its platform two days after the company announced its expansion to 65 new countries. This reflects Strike's ambition to spread its wings. Previously, the payment company only operated in three countries, namely the United States, El Salvador, and Argentina.

Along with that integration, Mallers argue instant payments and ease of access to Bitcoin are what many have coveted. Strike founders claim that it was his company's mission that was founded in 2020.

Thus, Strike plans to launch its app in more markets in the future. Now the focus is on expanding offerings and providing convenience and flexibility to users.