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Philippines Adopts Tether’s USDT for Social Security Payments

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By on July 1, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Philippines Adopts Tether’s USDT for Social Security Payments appeared first on Coinpedia Fintech News

A new crypto-payment option for Philippine citizens is introduced by Tether. It has partnered with Web3 shopping and infrastructure firm Uquid to allow citizens of the Philippines to pay their SSS contributions in Tether on The Open Network blockchain. The Social Security System (SSS) is a state-run social insurance program that serves employees in the official, informal, and private sectors. Uquid underscored that the partnership with Tether underscores how stablecoins like USDT and crypto, in general, can simplify and enhance daily lives. The latest initiative sets a new benchmark for convenience and accessibility in digital shopping.

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