South Korea's Jeju Island plans to introduce NFT and virtual currency into tourism! Philippines opens use of USDT to pay social security through TON

With the development of blockchain technology and the maturity of the cryptocurrency market, cryptocurrency is gradually being applied to various payment scenarios in real life. Just yesterday (1), Tether, the leading stablecoin issuer of USDT, announced on Fees required by the Social Security System (SSS) ”

Note: The Philippine authorities stipulate that all employed persons (including foreign citizens working in the Philippines) with a monthly income of more than 1,000 pesos and under the age of 60 must apply to the Social Security System (SSS). Social Security System (SSS) payment. The purpose of SSS is to provide protection against disability, illness, old age and death to private employees and their families.

Uquid provides support

It is understood that this payment solution is supported by the Web3 e-commerce platform Uquid. Uquid officials also forwarded Tether’s tweet yesterday and said: Using USDT on TON to pay for the Philippine Social Security System through Uquid is A perfect example of how stablecoins and cryptocurrencies like USDT can simplify and improve our daily lives.

It is understood that Uquid is a platform that uses blockchain technology and decentralized finance to provide a safe and transparent shopping experience. It provides millions of physical and digital products and supports payment using various mainstream cryptocurrencies, such as BTC, There are more than thirty cryptocurrencies such as ETH, AVAX, and Matic, and it also supports Binance Pay and crypto.com Pay.

Traditional payment methods such as credit card, bank transfer, Apple Pay, Google Pay and Alipay are also available.

South Korea’s Jeju Island plans to introduce virtual currency and NFT into the tourism industry

In addition to the Philippines, according to Korean media reports yesterday, the governor of Jeju Island, a tourist resort in South Korea, expressed his hope to carry out digital transformation in the near future and introduce digital currency to Jeju’s tourism industry. Cryptocurrency and NFT: The energy transformation and digital transformation are important tasks for Jeju’s future. Now is the time to introduce NFT and virtual currencies to Jeju’s tourism industry. Through this, we are able to open up a new market, which is what must be done.

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