Soytechno Venezuela announced a partnership with the fintech Kontigo to accept payments in USDT at its 22 stores nationwide. Customers will be able to pay by scanning a QR code from Kontigo and the products will be valued “at the best market rate”

📌 Key details of the partnership
National coverage: The option to pay with USDT will be available at the 22 Soytechno stores in Venezuela.
Payment method: Customers will be able to scan a QR code from Kontigo to make their purchases with stablecoins.
Competitive rate: Products will be valued “at the best market rate,” according to the fintech.
Service expansion: Kontigo also offers personalized payment links, payroll payments in USDT or bolivars, and corporate virtual cards.
Financial inclusion: The Kontigo app allows converting dollars into USDT through the National Credit Bank, even without being a bank customer.

🌍 Context
USDT (Tether) is a stablecoin linked to the US dollar, widely used in Venezuela as an alternative against inflation and the volatility of the bolívar.
The partnership reinforces the trend of cryptocurrency adoption in physical stores, offering greater security and speed in transactions.
Kontigo positions itself as a bridge between the traditional financial system and the crypto ecosystem, facilitating digital payments and currency conversion.
🚀 Potential impact
Consumers: Greater ease in paying with crypto without relying on cash or traditional banks.
Businesses: Reduction of friction in collections and the possibility of attracting customers who prefer to use USDT.
Crypto ecosystem: Reinforces the legitimacy of stablecoins as a means of everyday payment in Venezuela.

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