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Tether can now be spent in shops thanks to Bitrefill
Tether can now be spent in shops thanks to Bitrefill
Stable Coin

Tether can now be spent in shops thanks to Bitrefill

By Amelia Tomasicchio - 12 Feb 2021

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As announced yesterday on Tether‘s official Twitter profile, from now on it will be possible to spend USDT stablecoins thanks to a partnership with Bitrefill.

Tether, the ERC20 version on Bitrefill

Tether, the ERC20 version of the token, i.e. the one based on Ethereum, has been integrated into Bitrefill. Tether, in fact, is based on several blockchains including Omni, Tron, EOS, Bitcoin Cash, Algorand and Ethereum. And only this version will be supported by Bitrefill.

What is Bitrefill?

This company focuses on gift cards and prepaid card refills to enable crypto payments to be made on Amazon, Steam, Deliveroo, Zalando and so on. Basically, it’s a bridge to allow cryptocurrencies to be accepted even on ecommerce sites that wouldn’t otherwise accept crypto payments. Bitrefill then takes care of sending fiat currency to merchants, exchanging the cryptocurrencies sent for payments.

The latest news on Tether

USDT is the stablecoin with the largest market capitalization and in fact on websites such as CoinMarketCap we currently find it in third place only after Bitcoin and Ethereum.

A few days ago Tether surpassed $30 billion in market cap, while on January 25th it recorded a whopping $25 billion in market cap. January also set a new record for Tether on the Tron blockchain, where there are around 9 billion USDT.  

The blockchain with the most USDT remains Ethereum with over 15 billion.

In mid-January, there were rumours of further problems for Tether given the lawsuit with the New York prosecutor, but this seems not to have caused any damage to the reputation of the stablecoin which still remains the most widely used and sets new records every day.

Tether is a real reference in the crypto sector, so questions related to its security are of course fundamental to this world, as Paolo Ardoino, CTO of Tether, explained in an interview for The Cryptonomist.

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she is about to publish her first book about Blockchain Marketing.

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