Small businesses will benefit from Tether‘s collaboration with KriptonMarket by using USDT to pay invoices and a portion of employee salaries.
Tether and KriptonMarket Partnership Benefits Argentine Businesses
With the help of Tether and KriptonMarket, the Central Market of Buenos Aires, one of the continent’s major movers for fruits and vegetables, will now take USDT. According to a press statement from Tether, the market comprises 900 wholesale merchants and 50 stores, which will also be able to pay their bills and a portion of their employees’ salaries in USDT.
The collaboration is formed at a pivotal time when the nation is dealing with 104% inflation, which is extremely high. With 8% monthly inflation, Argentinians are increasingly seeing their savings go. Therefore, the cooperation can assist in lowering intermediation costs and assisting in the fight against increasing inflation by assisting Argentinians in making stablecoin payments to small producers.
With the continuing devaluation of their nation’s currency, the people of Argentina need solutions to pursue their own financial freedom.
If we are able to contribute to the well-being of an entire country through the state-of-the-art technologies provided by the blockchain, we will be one step closer to ending the fight against financial discrimination.Paolo Ardoino, CTO of Tether
The press statement states that Tether and KriptonMarket will also introduce educational programs in Buenos Aires to inform and enlighten blockchain aficionados.
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