Cryptocurrency Q&A
Does strike use USDT?
Does strike use USDT?
SsamziegangStroll
Mon May 27 2024
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5 answers
1433
Could you please clarify for me whether Strike incorporates the usage of USDT in its operations? I'm interested in understanding if Strike leverages this particular cryptocurrency for transactions or if it opts for alternative means of exchange. Could you elaborate on this aspect, and perhaps also explain the reasons behind any choice Strike might have made in this regard? Thank you for your time and assistance in addressing my inquiry.
5 answers
Alessandro
Tue May 28 2024
Nicolás, an Argentinian user, revealed to CoinDesk an intriguing aspect of the Strike app. He mentioned that the application, while capable of receiving bitcoin payments, promptly converts the cryptocurrency into USDT.
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GyeongjuGrace
Tue May 28 2024
BTCC, a cryptocurrency exchange headquartered in the UK, offers a diverse range of services that cater to different needs in the crypto space. Among its offerings are spot trading, futures trading, and wallet services.
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Giuseppe
Tue May 28 2024
This feature of Strike wallet ensures that users do not hold bitcoins directly within the wallet. Instead, they are seamlessly converted to USDT, a stablecoin pegged to the value of the US dollar.
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Sara
Tue May 28 2024
Nicolás's revelation highlights the practicality and convenience offered by Strike's wallet functionality. It addresses concerns related to bitcoin's volatility, allowing users to benefit from crypto transactions while maintaining stability in their holdings.
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Michele
Tue May 28 2024
Additionally, Strike's instant conversion feature may appeal to those who prefer not to deal with the complexities of managing bitcoins directly. It simplifies the process of receiving and converting crypto payments, making it more accessible to a wider audience.
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