Since their inception, cryptocurrencies have sparked a great deal of debate. However, other crypto currencies have to deal with even more issues. Tether, also known by its ticker name USDT, is one of the more contentious cryptocurrency sub-brands.
Tether was launched in 2015, despite the fact that the concept of a stable coin was first proposed in a whitepaper released in 2012. USDT has been a contentious cryptocurrency asset among investors and blockchain enthusiasts alike since then.
Given this, it’s unsurprising that you may still spend Tether and receive goods or services in return. Tether is accepted as a viable payment method by online and brick-and-mortar shops all over the world. This guide will teach you all you need to know about using Tether to purchase services and goods.
Of course, we must first address certain fundamental issues.
What Is Tether (USDT)?
Tether is similar to other popular cryptocurrency tokens including Bitcoin, Litecoin, Ether, and Dogecoin. Tether, on the other hand, has one feature that sets it apart from other cryptocurrencies: its worth. As you may be aware, the value of a popular cryptocurrency fluctuates. The value will change depending on the number of tokens and market demand.
People can lose their heads when things change dramatically, as happened when Bitcoin’s value skyrocketed a few years ago. Tether, on the other hand, is a stablecoin that tries to reduce the coin’s volatility. To keep the price of a stablecoin under control, it is backed by certain assets, which could be fiat cash, cryptocurrency, or precious metals.
The United States Dollar serves as the underpinning currency for Tether. It means that there will be a specified amount of USD reserve for each Tether coin on the blockchain network. Tether’s creators promised that 1 USDT would always be equal to 1 USD when the coin first launched. Users could benefit from bitcoin transactions without having to worry about the currency’s volatility.
It had the potential to go well, but it did not. Tether Limited’s lawyer explained on 30 April 2019 that 1 USDT was only worth $0.74 in cash or cash equivalents, following a series of issues. It’s worth noting that the scandals haven’t slowed the stablecoin’s rise in popularity. When measured by trading volume, USDT used to be the most popular cryptocurrency on the planet.
To cut a long story short, each Tether coin has a set value that is mainly devoid of volatility. Despite the differences, 1 USDT is now considered equal to $1. So, if you have $100 USDT, you can buy $100 worth of goods or services. In the case of Bitcoin — and other crypto assets, for that matter — we can’t assert this.
Why Pay using Tether (USDT)?
These reasons may have been obvious from our discussion of the USDT and its value.
Tether is the greatest option to hold stable digital money while taking use of the benefits of blockchain technology. This global, semi-decentralized cryptocurrency allows for quick and secure transactions without the risk of price fluctuations.
Tether Limited has issued proof of reserve, allowing the coin to be integrated with a variety of exchanges and service providers. Tether also makes USDT available to traders, blockchain companies, and cryptocurrency enthusiasts.
Your transactions are protected thanks to secure wallets and transaction proofs. It’s also worth noting that using Tether instead of fiat money can help you save a lot of money on transaction costs.
Tether can be used to store USD, EUR, and CNH. More significantly, you can spend Tether and benefit from minimal transaction costs on at least some of your favorite goods and services.
Stores Where You Can Pay Using Tether (USDT)
1. Travala.com
Travala.com is one of the few wonderful places where you can use your USDT from a digital wallet to pay for things. Travala.com, in case you didn’t know, lets you book hotels, Airbnb-style home spaces, and flights using a variety of cryptocurrency tokens. Since January 2020, Travala has added USDT to its list of accepted currencies. So, if you have enough USDTs in your wallet, you can use this website to book your favorite vacation.
Finding a place to stay will be easy thanks to Travala.com’s partnerships with various local websites. Travala will show you an excellent choice of hotels and rooms from which to choose whether you are going on a business trip to South Asia or a staycation in the United States. It’s also worth noting that the website offers luxury, semi-premium, and budget-friendly chain options. Even if the hotel you want to stay at doesn’t accept Tether, Travala.com can assist you in making a Tether payment.
By the way, the company is about to provide vacation packages. When it happens, you’ll be able to take advantage of all-inclusive vacation packages and pay for them with minimum transaction fees.
2. STAX: Australia’s First Crypto-friendly IPO
This is no longer a store, but rather an investment platform where you can spend your Tether currency. STAX, a capital raising company, would allow customers to pay with USDT in its Initial Offering. The company claims it chose USDT over Bitcoin because it considers the former to be more stable and has a less volatile value than BTC. So, if you’re looking to move your money from USDT to another currency, STAX might be the place to go.
STAX is, of course, distinct from the other companies on the list. However, if you can wait until the company’s initial public offering (IPO), you can save money while still receiving some stock.
3. Pornhub
Only cryptocurrencies can now be used to pay for a Pornhub premium subscription. Yes, you read that correctly. VISA and MasterCard withdrew their payment choices from the adult entertainment website, putting the corporation in a precarious position. Soon after, the corporation opted to use a variety of cryptocurrency tokens, including the well-known USDT. So, if you wish to use an anonymous payment method to pay for your subscription, now is the time.
Even if VISA and MasterCard decide to reinstate Pornhub’s support, the company will continue to accept Tether, Bitcoin, Ether, and other digital coins as payment methods.
4. Snel.com
Snel.com is a hosting firm that provides a wide range of products and services. Snel customers can choose from six Cloud VPS plans with over twenty adjustable options. Because Snel’s cloud servers use SSD storage, they provide excellent speed and scalability. Snel also provides dedicated servers with 100 percent network uptime for customers all around the world. Each company can select a solution that best suits their requirements. Customers can also register their domain name with Snel at any time because the company is open 24 hours a day. Clients of Snel can also choose their ideal web hosting package based on their company. Snel has a solution for every type of business, whether it’s a little flower shop or a major corporation. Web hosting options also include webmail, which is spam-free thanks to a powerful filter. Snel is a cryptocurrency payment platform that accepts Tether (USDT) and a variety of other digital assets.
5. Alternative Airlines
Alternative Airlines is a website that helps people find low-cost plane tickets. The company’s key feature is its one-of-a-kind toolset, which allows customers to discover tickets for even the most unusual flights. It’s ideal for travelers who are planning a multi-city trip or who have a wide variety of arrival and departure timings. To put it another way, Alternative Airlines can assist you in planning your trip, no matter how complicated it may be. Alternative Airlines offers flights from over 600 different airlines across the world. The organization has already served 65k consumers and continues to expand its customer base. Alternative Airlines also offers a cancellation protection service that allows customers to get a refund on their reservations. The ability to pay for tickets with cryptocurrency, including Tether, is the company’s coolest feature. According to Alternative Airlines’ official website, the average customer rating is 4.4 out of 5.
6. Kiklabb
Kiklabb is a Dubai-based government-owned company that issues licenses to its customers. Kiklabb is headquartered in Mina Rashid, one of the region’s largest ports. Kiklabb’s headquarters are located in the harbor of the enormous Queen Elizabeth 2 ship. Queen Elizabeth 2 is a free trade zone with favorable investment terms. Residents of Queen Elizabeth 2 are, for example, exempt from import charges and taxes. In collaboration with authorised distributors, they can also trade freely abroad and within the UAE. Kiklabb provides full services to businesses and individuals interested in relocating to the free zone. Kiklabb, for example, helps consumers obtain medical insurance and commercial services. Kiklabb can also assist its clients in opening a business bank account in Dubai to execute all financial transactions. Kiklabb recently stated that it would take a variety of cryptocurrencies as payment, including Tether.
7. Time
Perhaps there isn’t a single person on the earth who isn’t familiar with Time magazine. Time magazine has been around for than a century and continues to be one of the most prominent publications on the planet. Time magazine covers fetch astronomical sums at auction and ignite societal discussions. Time has announced a collaboration with Crypto.com, a renowned cryptocurrency exchange. Time began accepting a variety of cryptocurrencies, including stablecoins like Tether, as part of this collaboration. Subscribers who pay with cryptocurrency can get 18 months of service for $49, with a 10% return if they pay with CRO. Tether funds can be used to pay for readers’ subscriptions. Time will undoubtedly become the crypto community’s favorite publication as a result of this move.
8. Paxful
Paxful is a well-known peer-to-peer platform where users can exchange nearly anything for Bitcoin. Paxful, in instance, is a marketplace where consumers can trade their gift cards for cryptocurrencies. Paxful made a move in 2020 to expand its list of assets available for purchase by adding Tether to it. Users could previously only purchase Bitcoin. On Paxful, there are a plethora of options for getting Tether. You can, for example, trade your car or even game stuff in exchange for the asset. Paxful, however, cannot control all of its users because it is fully peer-to-peer. As a result, there have been reports of scams on the network, with users losing all of their money. Paxful has a 3.4 out of 5 average rating according to CryptoWisser. When utilizing Paxful or a similar service, be cautious because there is no guarantee that you will receive your cryptocurrency.
9. Vertis Aviation
Vertis Aviation is a business that offers a high-end travel experience. In more than a hundred locations, the company organizes bespoke travel solutions for celebrities, politicians, and corporate leaders. Clients of Vertis Aviation enjoy the luxury of first-class aircraft such as the Boeing Business Jet and Gulfstream G450. To entice new customers, the company opted to accept Tether and other cryptocurrencies. It’s no surprise that some crypto investors have gained billions, and Vertis Aviation ensures that these individuals have the opportunity to spend their money on high-quality vacation.
10. Coinsbee
All cryptocurrency enthusiasts flock to Coinsbee to stock up on gift cards. Coinsbee allows its customers to use bitcoins to purchase gift cards from a variety of businesses. Tether is a cryptocurrency that may be used to make payments on Coinsbee. Coinsbee has gift cards from Amazon, Starbucks, iTunes, PlayStation, and a variety of other companies. The service sells gift cards for over 500 brands from 165 countries in total. Customers can select the desired card amount and receive it without any additional fees. Users can also use Tether and other cryptocurrencies to top up their mobile phone balance on the website.
Coinsbee is a reputable website that has demonstrated its dedication to providing excellent service over the years. This is why Coinsbee has a 4.8/5 Trustpilot rating.
Conclusion
There may be some other smaller stores or payment gateways where you can utilize Tether to make a purchase, but we haven’t included them due to their lack of online reputation. You may be confident that every small amount you spend on these sites is secure, even if you are spending hundreds or thousands of USDTs on the items you require. We hope you’ll consider doing so when booking a trip to an exotic area through Travala or investing through STAX.
I am Keith Rainz a content creator in Zambia. I specialize in forex and crypto trading. You can WhatsApp me via +260977770202.
