Philippine Citizens Granted Ability to Pay Insurance Premiums with Cryptocurrency

Jul 2, 2024
Philippine Citizens Granted Ability to Pay Insurance Premiums with CryptocurrencyPhilippine Citizens Granted Ability to Pay Insurance Premiums with Cryptocurrency

Tether, the issuer of USDT, has introduced a new option for Filipino citizens to make social security payments using cryptocurrency. They can now make these payments through the following methods:

– USDT via UQUID card on the Tether blockchain.
– Pay social security system contributions in USD₮.
– @ton_blockchain via @uquidcard in the Philippines
pic.twitter.com/8WJyNVH0ux
– Tether (@Tether_to) July 1, 2024

UQUID, known as the “e-Web3 transaction platform,” has streamlined the process into just seven steps. Recently, Tether and UQUID launched the 1 USDT Store – an online shop aimed at increasing the daily use of cryptocurrencies. Paolo Ardoino, CEO of Tether, expressed his excitement about this collaboration, emphasizing the shift in cryptocurrency transaction methods.

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According to one indicator, the price of this cryptocurrency is expected to rise significantly. He noted that what was once just a dream – a reliable and limitless cross-border payment solution – has now become reality. The 1 USDT Store enables users and merchants to engage in convenient, transparent digital transactions.

Tran Hung, CEO of UQUID, highlighted the importance of the 1 USDT Store, believing it to be a crucial step towards integrating small cryptocurrency payments into daily life.