Tether, TON team up with mobile app for USDT-to-fiat transactions

o48o

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Quote from: muncuss on May 20, 2024, 06:37:06 PM

Quote from: o48o on May 20, 2024, 08:58:32 AM

i am already up 50% and upside can be huge. But technical anlysis-wise, 50% isn't a signal for anything, as in a grand scale it still looks rather dead coin. There's a volume peak before May but that could be either signal for accumulation, pump or fake volume. I would need to look closer to make any sense of that, but i am not THAT interested about it as this is just another lottery ticket to me.

probably up because of the publication. Many of this kind of token existed, project with a working product but with a marketcap which looks dead. I wrote their name for possible portfolio plan, and i add this token too

Probably, but i would expect that Bitfinex lists them too at some point as tether invested into Oobit already, so if there's nothing shady about OBT tokenomics or fundamentals in general, i don't understand why wouldnt they. And sure, many of similar exists i am sure, but this one got picked up by ton and a platform to integrate with.

I find it kind of weird that TON picked this one, but i am guessing they have looked all the alternatives and this made most sense. Or they couldn't afford to work with other projects.

But i am baffled about how low the marketcap is. When you look at the seed investors in oobit and how much they put in, something doesn't add up. I am thinking, it's just a lack of market interest which could change, if this TON's vision about payments via messages is something people will be using.

muncuss

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Quote from: o48o on May 20, 2024, 08:58:32 AM

i am already up 50% and upside can be huge. But technical anlysis-wise, 50% isn't a signal for anything, as in a grand scale it still looks rather dead coin. There's a volume peak before May but that could be either signal for accumulation, pump or fake volume. I would need to look closer to make any sense of that, but i am not THAT interested about it as this is just another lottery ticket to me.

probably up because of the publication. Many of this kind of token existed, project with a working product but with a marketcap which looks dead. I wrote their name for possible portfolio plan, and i add this token too

o48o

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Quote from: o48o on May 16, 2024, 05:37:18 PM

-cut-
Could be a moonshot
-cut-

I went in to $OBT (that mobile app provider and their token) with a small sum later on from this post because with current $9.04M marketcap, i am already up 50% and upside can be huge. But technical anlysis-wise, 50% isn't a signal for anything, as in a grand scale it still looks rather dead coin. There's a volume peak before May but that could be either signal for accumulation, pump or fake volume. I would need to look closer to make any sense of that, but i am not THAT interested about it as this is just another lottery ticket to me.

Fully diluted market cap is $59.79M which is low too. Token issuance rate seems to be rather slow as well and while i haven't taken a close look at the tokenomics, there seems to be burning mechanics included. Frankly this seems to be a hidden gem after skimming the white paper imho.

I am still wondering why would they dismiss something as simple as critique about working links. I messaged an adming once again.

johnsaributua

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The popularity of ton is good and made a good market segment, I think it is still beta and still has to be perfected, so far the interest in the ton project is increasing, I am grateful to be able to participate even though it is too slow.

OObit sees the opportunity that there are many usdt users and ton is still cheap and fast and I agree with you that the eco ton project is ready to assist transactions even though it starts with basic telegram. The P2p that I usually do is more colourful because there is a new genre like ton. I'm looking forward to see what other cross-network crypto updates there are on the ton network. And maybe it will be compatible on all Os cell phones. I think there are some people who may doubt, because ton is like a new trend and its fundamentals, but I believe that enthusiasts for this blockchain coin have their own needs as long as the ton ecosystem continues to be trusted, liquidity will continue to be maintained, the risk of a collaboration sometimes has obstacles but I think it's natural especially if it's new.

Yudhisthir

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I knew these TON guys are doing something. They have a good app with open API to create custom apps. If they integrate the wallet in a good way and let other app use it through API, they could bring a revolution in crypto payments. People love to have their finance on predictable value and it's where USDT comes in action. When people are able to send and receive USD value in real time with very low fees, they'll start using it. The fee is where they should work on. Paying a cent for a dollar transaction is still large.

muncuss

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Quote from: Yogee on May 17, 2024, 04:15:45 PM

The partnership could lead the platform to change from "The Open Network" to "The Somewhat Open Network" if that's still not the case. I'm not all too familiar with TON's decentralization and transparency but many platforms and projects changes policies whenever fiat is already involved.

No. This is just simple exchange between oobit and user, user give usdt oobit give fiat, like p2p feature on exchange it won't affect the blockchain in anything

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Quote from: bluebit25 on May 17, 2024, 01:59:03 PM

I somehow feel the marketing progress and demonstration of potential that TON is gaining attention and widespread adoption.

As long as it is beneficial to the user's usage behavior, although I am not a fan of USDT as a means, it is still an important object in the crypto space. And this event can be implicitly understood to be beneficial for all parties.

There are sectors we should avoid in the market because winning comes with good patterns and we'll never underestimate chances of grabbing our opportunities when we encounter them. TON team have successfully hits the formidable ground in the crypto sector and when it comes to mining, they played major roles for these mining projects. There are huge benefits that follows when we're talking about grabbing benefits from the market. It's not consider easy because quite a whole lot comes from the system.

Yogee

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The partnership could lead the platform to change from "The Open Network" to "The Somewhat Open Network" if that's still not the case. I'm not all too familiar with TON's decentralization and transparency but many platforms and projects changes policies whenever fiat is already involved.

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Quote from: jrrsparkles on May 16, 2024, 02:31:10 PM

(...)These are the part I wanted to share with you guys because it's quite revolutionary, right?
...

I somehow feel the marketing progress and demonstration of potential that TON is gaining attention and widespread adoption.

As long as it is beneficial to the user's usage behavior, although I am not a fan of USDT as a means, it is still an important object in the crypto space. And this event can be implicitly understood to be beneficial for all parties.

o48o

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Quote from: peter0425 on May 17, 2024, 04:37:29 AM

Quote from: o48o on May 16, 2024, 05:37:18 PM

Ok, i am interested. But i find it weird that in oobit's home page, download link automatically leads to applestore, even if i try to click it for android.

Have you tried searching for it directly in the google play store for android?

Because most likely it is not available in android which would be a shame and should be changed for a larger access to different kinds of audience. Not everyone uses apple and everyone should be considered.

I would say that’s potentially one of the limitations of this project but something I am sure is very easy to fix

Sure, i went to heir telegram and found the link for an android phones.

I am not purely trusting google results as i believe scammers can manipulate those results especially with smaller projects, and push their fake sites and fake telegrams etc. Usually link from coinmarketcap to the website does the trick and from there i download the project. Luckily their telegram was in the website, i could tell it was real.

I also asked about the missing link in telegram yesterday and got no answer what so ever, even though admin is active in there. This seems like such a weird rookie mistake that's really easy to fix, but they weren't bothered? I don't know what to think about that honestly, but it's marketing 101 and pure customer safety to have all the trusted links in the official site.

peter0425

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Quote from: o48o on May 16, 2024, 05:37:18 PM

Ok, i am interested. But i find it weird that in oobit's home page, download link automatically leads to applestore, even if i try to click it for android.

Have you tried searching for it directly in the google play store for android?

Because most likely it is not available in android which would be a shame and should be changed for a larger access to different kinds of audience. Not everyone uses apple and everyone should be considered.

I would say that’s potentially one of the limitations of this project but something I am sure is very easy to fix.

Jawhead999

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Now the question is which country do accept USDT as legal tender? even it's "USD"T it doesn't mean country who accept USD is legal to use USDT to pay something in their country. Probably there are few stores that accept cryptocurrency, but sooner or later when the government aware with the stores and cryptocurrency are growing, the government can catch and fines them.

Quote from: o48o on May 16, 2024, 06:22:06 PM

I am starting to change my views about TON to positive, if this kind of development keeps going on.

It seems the hype is shifting from memes to TON.

betswift

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My concerns is the liquidity on the TON, I mean USDT. All this incentivize program will help, but TBH not so bullish on it!

jrrsparkles

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Quote from: Ben Barubal on May 16, 2024, 06:09:41 PM

I won't waste it just buying things that can be bought at a convenience store or any supermarket or grocery store.

Of course, it seems to be the same as Satoshi's paid Bitcoin worth 10,000 pieces, and then this time, I think this bull run will show a high ATH in my opinion.
But at the same it is still good because it shows this TON is not just a Ton but beneficial to everyone who will have it isn't?

You have lot of misconceptions about the cryptos.

Satoshi didn't pay 10,000 BTC to buy 2 pizza, Laszlo Hanyecz and satoshi didn't want people to use bitcoin as asset rather currency anyway we can use as we wish but if this is going to provide an option to buy something just by paying via crypto itself then you don't need to convert crypto to fiat anymore which is great in my opinion.

X-ray

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sounds great to be honest, this could be a contender to the paypal and the likes.
I think USDT is the most ideal to be used for payment and such, like this one implemented by tether and TON team, they try to make fiat transaction interop with USDT which i think will be really convenient for people.
gone the days we need to rely on third party with their silly rules.
hopefully that it can be really practical, i mean i know that similar service exist which is crypto debit card which allows for ease of us to make fiat transaction but its gonna be really great if we can just directly use USDT instead without
all the complicated process of using debit card with the requirements of top ups as well as the rather sneaky conversion rate.

o48o

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Quote from: Ben Barubal on May 16, 2024, 06:09:41 PM

Quote from: jrrsparkles on May 16, 2024, 02:31:10 PM

This Ton is really making quite a bit of noise these days, and I think that's normal for those who come out in the crypto field. That's why, if I know that I have the potential for crypto assets,
I won't waste it just buying things that can be bought at a convenience store or any supermarket or grocery store.

Of course, it seems to be the same as Satoshi's paid Bitcoin worth 10,000 pieces, and then this time, I think this bull run will show a high ATH in my opinion.
But at the same it is still good because it shows this TON is not just a Ton but beneficial to everyone who will have it isn't?

What do you mean by wasting? Wasting by buying something from a crocery store? Aren't you like buying something all the time? And what would it even matter if you are using USDT instead of USD to buy your groceries? How is that any more wasting? You can't just use all your money in cryptos and hodl, and not spend it on food and other necessities at all. I am not saying this is good as physical cash, far from it, but it seems to be handy tool for bankless people.

I am starting to change my views about TON to positive, if this kind of development keeps going on.

Ben Barubal

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Quote from: jrrsparkles on May 16, 2024, 02:31:10 PM

The Open Network users will be able to use Oobit’s Tap & Pay technology to pay merchants in fiat while spending USDT.

Oobit’s Tap & Pay technology will allow merchants to receive payment in fiat currency even when the customer pays in USDT

Tether, TON team up with mobile app for USDT-to-fiat transactions

These are the part I wanted to share with you guys because it's quite revolutionary, right?

I am not a supporter of USDT because of the centralization but this is something that gives an alternate choice to spend our crypto even when the merchant isn't accepting crypto so kind of bridging crypto-fiat transactions.

This app for payment is new either, anyway if they can succeed what they are trying to then they are going to become bigger than expected.

This Ton is really making quite a bit of noise these days, and I think that's normal for those who come out in the crypto field. That's why, if I know that I have the potential for crypto assets,
I won't waste it just buying things that can be bought at a convenience store or any supermarket or grocery store.

Of course, it seems to be the same as Satoshi's paid Bitcoin worth 10,000 pieces, and then this time, I think this bull run will show a high ATH in my opinion.
But at the same it is still good because it shows this TON is not just a Ton but beneficial to everyone who will have it isn't?

o48o

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Quote from: jrrsparkles on May 16, 2024, 02:31:10 PM

The Open Network users will be able to use Oobit’s Tap & Pay technology to pay merchants in fiat while spending USDT.

Oobit’s Tap & Pay technology will allow merchants to receive payment in fiat currency even when the customer pays in USDT

Tether, TON team up with mobile app for USDT-to-fiat transactions

These are the part I wanted to share with you guys because it's quite revolutionary, right?

I am not a supporter of USDT because of the centralization but this is something that gives an alternate choice to spend our crypto even when the merchant isn't accepting crypto so kind of bridging crypto-fiat transactions.

This app for payment is new either, anyway if they can succeed what they are trying to then they are going to become bigger than expected.

Ok, i am interested. But i find it weird that in oobit's home page, download link automatically leads to applestore, even if i try to click it for android.
And i am curious why ootbit token has $6,2M marketcap, even though tether mentions teaming up with TON and them, and Paolo Ardoino retweeted that, yet OBT isn't even listed in Bitfinex.
It jumped 25% in a day, but i find this weird. Maybe people aren't following tether and Paolo as much as memes then.

Could be a moonshot, depending on what that token even does. Payment system seems to have mandatory KYC of course, but i am definitely looking into this as a fiat payment option.

electronicash

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Quote

“Together, we will provide banking solutions to the unbanked population and revolutionize how users transact with cryptocurrencies, making it easier and more convenient."

haven't really heard of that Oobit mobile payment app, Isn't this like Venmo?

Oobit seems to have a tight partnership already with USDT. yep it's going to be useful since most merchants will prefer to have USDT. even if they say they accept BTC but often they turn it into stablecoin after receiving the payment. the volatility makes them afraid of holding BTC.

jrrsparkles

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The Open Network users will be able to use Oobit’s Tap & Pay technology to pay merchants in fiat while spending USDT.

Oobit’s Tap & Pay technology will allow merchants to receive payment in fiat currency even when the customer pays in USDT

Tether, TON team up with mobile app for USDT-to-fiat transactions

These are the part I wanted to share with you guys because it's quite revolutionary, right?

I am not a supporter of USDT because of the centralization but this is something that gives an alternate choice to spend our crypto even when the merchant isn't accepting crypto so kind of bridging crypto-fiat transactions.

This app for payment is new either, anyway if they can succeed what they are trying to then they are going to become bigger than expected.

Topic: Tether, TON team up with mobile app for USDT-to-fiat transactions (Read 115 times)