2021-8-14 13:56 |
Payment processor Circle Pay has collaborated with EOS Voice to become the platform’s payments provider. The Voice also says it will enable payments via the EOS platform soon.
Chief Executive Officer of Voice, Salah Zalatimo, was responding to a question by a Twitter critic who questioned while Voice was using Ethereum (ETH/USD) for balancers of its accounts instead of EOS/USD.
.@VoiceHQ CEO @Salafel recently stated that Voice has partnered with @circlepay as payment processors. They are also looking for a method to allow payments through $EOS as well.
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The Voice chief corrected the impression, stating that the firm is launching a multi-chain project but will use EOS.IO open-source software instead.
Implementing OES-powered Payments InstrumentHe stressed that the firm will be publishing its standards to EOS. The platform will also ensure portability on EOS after publishing its headers to the same chain.
Zalatimo provided details of the company’s partnership and informed users why the company chose the multi-chain stablecoin USD Coin as its payments option.
USDC is competing favorably with USDT as the top two stablecoins go head-to-head in search of superiority in the market. USDC is currently adopted on several platforms, including Algorand, Solana, Tron, and Ethereum blockchains.
Voice says it wants to implement an EOS-powered payments instrument into its platform since Circle is not compatible with EOS at the moment.
Voice is frequently used for emerging digital assets presently active in the NFT sector. The platform is close to its public launch. Based on its EOS.IO software, it is already seen as a decentralized social media platform.
The future of stablecoins in the banking sectorChief Executive Officer of Circle Pay, Jeremy Allaire, while commenting on the integration, also stated that stablecoins will play a pivotal role in the US banking system. He added that stablecoins provide low risk and stability compared to those offered in the traditional banking system.
“Stablecoins are becoming so big that they are going to be part of that regulated federal banking system,” Allaire pointed out. He said although there is some level of risks with stablecoins, the speedy level of adoptions indicates a strong future for the tokens.
The post EOS Voice taps USDC stablecoin operator Circle as its payments provider appeared first on Invezz.
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