Recently, Web3 shopping platform UQUID launched a new feature that supports users to use the TRON version of USDT to recharge Argentina's SUBE card. The news was reported by many authoritative foreign media such as the Financial Times, Le Figaro, and Cointelegraph, who believed that this innovative move will further promote the popularization and application of cryptocurrency and digital finance in Latin America and other places.
The report pointed out that this function is designed to allow cryptocurrencies to enter daily transactions, help Argentines easily manage public transportation costs, and provide modern and efficient travel solutions. At the same time, this also shows that blockchain technology represented by TRON has made significant progress in daily financial transactions, highlighting the potential of cryptocurrencies to provide tangible convenience in the real world.
SUBE card recharge innovation, Argentina enters the crypto payment market
As a pre-charged smart wallet, the SUBE card can be used for payment and ticketing management of public transportation in Argentina. The coverage area includes more than 60 towns in the Greater Buenos Aires metropolitan area, as well as popular cities such as Bariloche, Ushuaia and Mendoza, and plays a vital role in Argentina's public transportation system.
In the past, users had to go to subway stations, use self-service terminals or online banks, which usually required long queues and was time-consuming and laborious. Now, through TRON recharge, transactions can be completed quickly and the funds are credited to the account in almost real time. Commuters can recharge at any time, which greatly facilitates users who are busy and traveling during non-working hours.
Industry insiders believe that the launch of this function will effectively alleviate the troubles faced by Argentine residents in daily transportation payments and herald the broad prospects of blockchain and cryptocurrency in practical applications.
As a pioneer in the blockchain field, TRON is known for its low fees, allowing users to achieve cost-effective payment methods without having to bear high transaction costs. USDT (Tether) is anchored to the US dollar, ensuring the stability and reliability of transaction value. For commuters in a high-inflation economy, this stability can effectively protect their purchasing power. Recharging the SUBE card through the TRON version of USDT breaks through the limitations of traditional banking services and provides inclusive financial tools for the public, allowing more people to fairly enjoy the convenience of transportation.
Regarding this innovation in transportation payment methods, UQUID CEO Tran Hung said, "We are committed to simplifying transactions, and introducing blockchain into daily life is the key to achieving this goal. TRON, with its high stability, low fees and high speed, perfectly meets the needs of Latin American users. This is why we chose to integrate the TRON version of USDT." Tran Hung said that USDT had been successfully introduced in the Philippines to pay for the Social Security System (SSS) funds. This innovation in Argentina's SUBE card recharge will also bring great convenience to users.
Dave Uhryniak, head of TRON ecosystem development, also said, "We are excited about UQUID's innovative move to integrate TRON's USDT to top up SUBE cards. This feature reflects the practical value of cryptocurrency in daily life. With the high stability, low fees and fast speed of TRON, UQUID has set a new standard in using digital assets to improve the convenience of Latin American users."
New application scenarios are added, and the TRON ecosystem is accelerating its implementation
According to foreign media reports such as the Financial Times, the TRON version of USDT has rapidly gained popularity in Latin American markets, represented by Argentina. Data shows that nearly 48.78% of UQUID Latin American users use the TRON version of USDT for shopping, highlighting the growing preference of users in the region for TRON transactions, and also showing that stable and efficient financial solutions are particularly important in economically unstable regions. The advantages of the TRON version of USDT, such as low transaction fees, fast speed, and high stability, make it an ideal choice for daily transactions and savings.
This is not the first time that TRON has expanded the application scenarios of its cryptocurrency to the national payment level. Previously, TRON had reached a historic cooperation with Dominica and was designated as a national blockchain infrastructure. All of its 7 tokens can be used to pay for domestic public services, including tax payments.
In addition, the TRON version of USDT also performs well in many fields such as e-commerce and cross-border commerce. According to a recent report released by the blockchain payment platform Orbital and the on-chain analysis platform OurNetwork, the transaction volume of the TRON version of USDT has increased significantly. It has an obvious dominant position in the world, especially in emerging markets, and the amount on the chain ranges from US$1 to US$10,000. The number of transactions has increased significantly year-on-year, indicating that its C2C and B2B payments are increasingly popular in the real world.
As more and more sovereign countries and service providers accept the TRON version of USDT as a means of payment, TRON's dominance in the stablecoin field has been further consolidated. According to Tether's official website, as of July, the issuance of TRC 20-USDT increased to 60.8 billion, making TRON the first blockchain with a single stablecoin market value exceeding $60 billion.
Industry insiders believe that as the leading platform in the stablecoin field, the integration of the Tron version of stablecoin into the UQUID platform is a further expansion of its application scenarios, and it also sets a new benchmark for the widespread application of cryptocurrencies.
It is reported that Uquid is a leading e-commerce platform integrating DeFi and Web3.0, with more than 160 million physical, digital and NFT products. It is committed to creating a first-class Shop to Earn experience and redefining the standards of convenience and popularity of digital shopping. Since its establishment in 2016, it has provided services to 220 million users on major platforms.
Source: Phoenix Finance
Original link: https://finance.ifeng.com/c/8bsn0jTDrA9
