At Unlimint, our goal has always been to provide customers with the best and most straightforward ways of paying online. The way we see it, the more payment methods that your business has access to, the more satisfied your customer will be shopping with you. We offer over 500 alternative payment methods through our all-in-one plugin that’s easy to integrate into your online store, mobile app, etc.
We are continually increasing the number of new APMs available through our platform, including cryptocurrencies. Now, we are pleased to offer our customers the latest cryptocurrency addition to our payments – USDT (Tether).
The Benefits of Stablecoins
So what is Tether? Unlike cryptocurrencies like Bitcoin, Tether functions as a Stablecoin, meaning that its value is based on the asset that it’s attached to – specifically the U.S. Dollar. This means that, while Bitcoin and Ethereum see wide price fluctuations, Stablecoins like Tether don’t.
Being pegged on a 1-to-1 ratio against the U.S. dollar means that Tether will never experience the kind of fluctuations we usually see from the likes of Bitcoin. Being linked to a sovereign currency also allows stablecoins to more easily fall into compliance with existing regulation.
Tether serves as a form of currency that bridges the gap between fiat currencies and cryptocurrencies—providing its users with stability, transparency, and minimal transaction charges.
Tether – A new Take on Payments and eCommerce
Stablecoins like Tether have helped companies to bridge the gap that exists between themselves and their would-be customers.
At the moment, Tether has been celebrated as a highly effective currency for Over-the-Counter (OTC) trading, payments, and remittances, especially in regions like Asia and Europe, where it proves the most popular.
The reason it’s proven so successful for trading is because of its speed in completing transactions compared to its more established counterparts like credit and debit cards. Additionally, paying using USDT carries more competitive transaction rates, making it easier for businesses that accept it.
While Tether is in its nascent stages right now, its speed, competitive fees, and links to fiat make it the perfect currency to put to work in the world of eCommerce which, according to USDT’s CTO, is not far off at all.
At Unlimint, we are always looking for new payment methods and ways for our customers to realize the global potential of their business. That’s why we’re steadily working to introduce more cryptocurrency payment solutions to our platform. In the future, we aim to provide companies access to cryptos like:
Litecoin (LTC)
Ripple (XRP)
And more!
Go borderless with your business and get started with Unlimint today.
