The Surge in Egyptian Users: A Testament to UQUID’s Growing Impact
At UQUID, we are thrilled to share an exciting development: the number of Egyptian users shopping on our platform and paying with USDT (Tether) increased by over 150% in May. This rise highlights the growing adoption of stablecoins for everyday transactions in Egypt and underscores UQUID’s pivotal role as a leading Web3 e-commerce platform.
Why Egyptians Love USDT
A key driver behind this surge is Egypt’s evolving regulatory landscape. The Central Bank and Banking Sector Law №194 of 2020 shows a supportive approach towards digital financial services, including cryptocurrencies. This legislation fosters confidence in digital currencies, enabling more Egyptians to embrace these technologies in their daily transactions.
By providing a clear legal framework, the Egyptian government ensures the security and stability of digital financial transactions. This support builds trust among users and promotes the integration of digital currencies like USDT into the mainstream financial system.
USDT, a stablecoin pegged to the US dollar, offers numerous advantages for everyday transactions in Egypt. Unlike volatile cryptocurrencies, USDT maintains a stable value, providing a reliable medium of exchange. Using blockchain technology, USDT transactions are secure and transparent, ensuring transaction integrity. At UQUID, we offer a seamless user experience, making it easy to transact with USDT.
The rise in USDT usage shows that Egyptian users appreciate the liquidity and convenience of stablecoins. USDT helps users avoid cryptocurrency volatility, ensuring asset value remains stable. This is crucial in economic uncertainty, providing a reliable transaction method.
USDT reduces transaction costs and processing times compared to traditional payment methods. Users avoid currency conversion fees and high banking costs, saving money and speeding up transactions. This allows quick and efficient purchases.
UQUID supports USDT on various chains, including Tron, Ton, and other networks, offering users flexibility in their transactions. This makes it easier to access products and services on the UQUID platform and expands investment opportunities. Users can convert and use USDT across different networks, optimizing their experiences.
The increase in USDT usage also reflects greater awareness and education about cryptocurrencies in Egypt. UQUID plays a crucial role in educating users about cryptocurrency benefits and usage. We provide detailed information and guidance, helping users understand cryptocurrencies better and improve their daily lives.
The rise in users indicates improvements in UQUID’s user experience and customer service. We strive to enhance service quality, support our users effectively, and continually improve our platform. Positive feedback motivates us to keep developing and perfecting our services.
This increase strengthens UQUID’s competitive position in the cryptocurrency and digital financial market. By providing effective and convenient payment solutions, UQUID is establishing itself as a leading platform. We are committed to continuous innovation and providing the best services for users, in Egypt and globally.
About Uquid
Launched in 2016, Uquid is a pioneer in applying DeFi and Web 3.0 to e-commerce, aiming to deliver the ultimate Web3 shopping experience. With verified merchants, exclusive deals, cashback, and Payin3 with crypto, Uquid leads the way in the Web 3.0 shopping infrastructure. Over the years, Uquid has grown to serve 350 million users across significant platforms.
With 3 million active users, Uquid is not just a platform but a pivotal player in shaping the new generation of e-commerce. Boasting the largest selection of over 170 million physical, digital, and NFT products, Uquid caters to a diverse customer base.
Learn more about UQUID at shop.uquid.com
