On Monday, Tether announced that the Philippines now accepts the USDT stablecoin as a payment option for the Social Security System (SSS). This development, made possible through a partnership with Uquid, a company specializing in Web3 shopping and services, leverages the TON blockchain to enhance payment efficiency.
The introduction of USDT for SSS payments is expected to simplify the process for millions, providing a more stable and efficient transaction method.
This initiative is part of a broader trend, with companies like PayPal also incorporating stablecoins for international transactions.
The Philippines’ decision to accept cryptocurrency for government services may set a precedent for other countries.
The integration of USDT for SSS payments reflects growing confidence in digital currencies as efficient alternatives to traditional payment methods. Read More: SSS Online Registration