This comes as Bolivians seek a more stable currency amid massive inflation brought about by a shortage in its USD reserves.
As a non-custodial wallet, the Best Wallet app’s importance can no longer be overlooked.
In a post on X, Tether CEO Paolo Ardoino confirmed that vehicle companies BYD, Yamaha, and Toyota have begun accepting payments in the $USDT stablecoin issued by his company.
Source: X/@paoloardoino
He called $USDT the ‘digital dollar’ for millions living in emerging markets, which is not at all surprising considering the current situation in Bolivia.
The country’s dwindling natural gas supply has squeezed its overseas revenues, reducing its USD reserves. This, in turn, has made importing goods more expensive, leading to inflation.
This, combined with the loosening of crypto restrictions in the country, has led to an exponential growth in crypto transactions in Bolivia. According to the nation’s Central Bank, the 12 months up to June this year saw a 630% increase in crypto transactions, equating to about $430M.
With car companies now accepting crypto payments in Bolivia, an increase in the adoption of crypto wallets is to be expected. Best Wallet Token ($BEST) wants to capitalize on this growth as it continues to raise funds for its crypto wallet of the same name.
The Best Wallet app is a secure and user-friendly crypto wallet that lets you do more than just store your crypto. Here, you can also buy and trade them, and even access the best presales via its Token Launchpad.
As a non-custodial crypto wallet, it gives you total control over your private keys. This is important as these keys are used to sign your transactions and prove that you own the assets in your wallet.
It also supports multiple wallets. This means that you can track all your assets across all your wallets within the same app for an extra level of convenience.
Down the line, the project team plans to launch its own Best Card supported by Google and Apple Pay. With this, you’ll be able to pay for your daily needs and receive up to 8% cashback with your every purchase.
The Best Wallet app is pretty powerful on its own. Multi-chain, multi-currency, non-KYC, top security (thanks to Fireblocks MPC-CMP technology), and free to download. Holding its native $BEST token, however, unleashes exclusive perks.
To date, the Best Wallet Token presale has raised over $16M. This reflects the rising demand for highly secure crypto wallets. And investors are clearly drawn to the Best Wallet app as a one-stop shop for all their crypto needs.
Priced at only $0.025675, the $BEST token is the most affordable way to invest in the project. You can also stake your tokens to enjoy 83% APY staking rewards.
Join the Best Wallet Token presale today and see what the buzz about this top altcoin is all about.
Also read: Ripple (XRP) Rewards Reached 111% in The Month – RMC Strong Gains
