The stablecoin Tether (USDT) will be available in 24,000 ATMs in Brazil – Bitcoin Crypto Advice

In a world in economic slump where many national currencies lose their value, more and more people want to take refuge in stablecoins of the Tether type (USDT) or Binance USD (BUSD).

Leader of the stablecoin market, the giant Tether has just announced that its token USDT will be available in 24,000 vending machines in Brazil.

Easier access to the stablecoin will thus allow the general public to place their money in a cryptocurrency that maintains its value at 1 US dollar.

In his communicatedTether quotes quotes a study by the Instituto Locomotiva, carried out in January 2021, which reveals that Brazil still has 34 million unbanked adults, that is, people who do not have a bank account.
The emergence of Bitcoin (BTC) and cryptocurrencies allows these unbanked people to be able to receive or send funds without having to depend on a bank and opening a bank account with it.

Paolo Ardoino, CTO of Tether, said:

“The difficulties and limitations imposed by inflation and a poorly inclusive financial system have prevented many Brazilian citizens from participating in the country’s economic growth.

Adding Tether tokens to ATMs across Brazil offers the opportunity to include more people in the financial system. This will bring major changes not only to the payments industry, but to the entire Brazilian financial ecosystem. »

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Rocelo Lopes, CEO of SmartPay, commented:

“After integrating tether tokens with the Brazilian payment system called PiX, we integrated with TecBan, the largest ATM provider in Brazil. Before, we were saying where you can pay with PiX, you can pay with tether tokens – now where you see Banco24Horas, you can convert Tether tokens to Reais.”

Smartpay says USDT tokens will be available in Brazilian ATMs from November 3, 2022.
Brazilian users will then be able to send and receive Tether (USDT) tokens anywhere in the world, whenever they want and withdraw Reais in Brazil.

The stablecoin Tether (USDT) represents today 68 billion dollars on the crypto market, its competitor USDC has 44 billion dollars in circulation.

Recently, Tether announced the launch of its USDT stablecoin on the Polkadot blockchain (DOWRY).

A stable token also available on many other blockchain networks such as NEAR Protocol (NEAR), Ethereum (ETH), Tron(TRX), Solana (FLOOR), Algorand(ALGO), Polygon (MATIC), Avalanche (AVAX), Bitcoin Cash’s Simple Ledger Protocol (SLP), EOS, Kusama, Liquid Network, Omni, Tezos, and Statemine.

Sign of growing adoption of cryptocurrencies and stablecoins, McDonald’s is testing payment in Bitcoin (BTC) and stablecoin Tether USDT in the city of Lugano in Switzerland, Click here to read our article.

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The stablecoin Tether (USDT) will be available in 24,000 ATMs in Brazil – Bitcoin Crypto Advice


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