The latest addition of $USDT on @Polygon Network by Xion Global deserves commendation for it is a pointer towards cracking the nut on the adaptation of blockchain technology in South Africa. Such development makes it possible for $MATIC PoS ‘’scan to pay’’ on 800,000 stations making digital payments more convenient to a large number of users in the region.
This integration relies on #Polygon PoS network which has played a crucial role in the mass adoption of blockchain. Through a list of more than a thousand stations, Xion Global has been linking the main traditional finance and decentralized finance ( #DeFi ), providing users with an analogous means of payment in Tether’s stablecoin, USDT.
It was not only the number of stations created but the new opportunity for many micro payment in our everyday lives that gives importance to this development. While USDT, a stablecoin, has joined the list of acceptable means of payment, users can use blockchain while avoiding such risks as high volatility of cryptocurrencies. This is a giant leap toward making the cryptocurrencies as other forms of money that can be used in the buying of goods and or services.
For #DAOLabs social miners, it is an exposure to the practical implications of blockchain technology which is an added advantage. In this way, discussions of proposed integrations’ effects on local economies as well as financial and blockchain inclusion may be enriched by #SocialMining miners’ perspectives on the trajectory of digital payments.
To this end, as Polygon moves to increase its coverage and sophistication in the ecosystem, this partnership with Xion Global underlines precisely how blockchain technology can catalyse the enhancement of financial systems. This is a big deal not only for Polygon and Xion Global but for the blockchain industry as a whole because it marks the industry slowly but surely moving toward the integration of blockchain and cryptos into people’s lives.