Tether, the leading stablecoin firm, invests $8 million into Speed. This is a company that provides payments infrastructure.
The funding round, led by Tether with participation from Ego Death Capital, aims to advance stablecoin payments on Lightning – a network built on top of Bitcoin to power instant and cheap transactions.
This will allow for efficient payment with both native Bitcoins and Tether USDT.
Over $1.5 billion is processed annually by Speed across all payment types, including consumers, creators on platforms and merchants.
Speed Wallet and Speed Merchant serve 1.2 millions users and businesses.
Tether CEO Paolo Ardoino.
Lightning is demonstrating what it can do when combined with USDT, a liquid and stable digital currency.
We provide support to teams that are building infrastructure that can reduce the friction of payments, and improve access to reliable settlement rails. Speed of execution and adoption signals that Bitcoin-rooted network are ready for mainstream business.”
Tether announced in January that it would bring USDT to Bitcoin through a partnership between Lightning Labs.
Please follow us X, Facebook The following are some examples of how to get started: Telegram
Don’t Miss a Beat – Subscribe Get email notifications delivered straight to your Inbox
Check this out Price Action
You can surf to your heart’s content The Daily Hodl Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Before investing in Bitcoin or other digital assets, investors should conduct their own due diligence. You are responsible for any losses that you might incur. The Daily Hodl neither advises the purchase or sale of cryptocurrencies, digital assets or any other type of digital asset. Nor is The Daily Hodl a financial advisor. The Daily Hodl engages in affiliate marketing.
Featured Image: Shutterstock/Sensvector/EB Adventure Photography
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com
