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Terra Classic: A Game-Changer in Global Payments
Imagine being able to make payments using cryptocurrency in 180 countries, all with the convenience of your favorite digital wallet. That's exactly what Terra Classic has achieved, integrating with USD Coin (USDC) and enabling crypto users to pay with LUNC using Apple Pay, Samsung Pay, and Google Play. This development marks a significant milestone for the Terra Classic community, offering on-chain utility and potentially accelerating the burn rate.
Payments Without Borders: Terra Classic's Global Reach
Terra Classic's integration with USD Coin has opened up a world of possibilities for crypto users. With access to the Pisa card through the non-custodial Oxe wallet, users can now use their LUNC for payments in 180 countries via Apple Pay, Samsung Pay, and Google Pay. This expansion of payment options not only enhances the utility of Terra Classic but also demonstrates the growing acceptance of cryptocurrencies as a legitimate form of payment.
On-Chain Utility: A Win for the Community
The integration of Terra Classic with USD Coin is a significant win for the community, as it offers on-chain utility, which has been a concern since the community started rebuilding its efforts. This development could greatly speed up the burn rate, as it would be subject to a 1.2% tax. The community has voted on a proposal to reduce the tax parameters to 0.2% to incentivize online transactions, as volumes have largely gone down since the implementation of the tax.
Supply Reduction: A Focus on Chain Development
Since gaining control of the chain in August, the Terra Classic community has been working tirelessly to rebuild the chain. Efforts so far have revolved around three main objectives: reducing the supply, chain development to attract projects, and reclaiming the dollar peg against the classic USD or USDC. These initiatives demonstrate the community's commitment to strengthening Terra Classic's position in the market and ensuring its long-term success.
Market Performance: A Positive Trend
As of the latest data, Terra Classic (LUNC) traded at a price point of $0.00002904, with a 4.12% increase in the last hour. Coinmarketcap observed a 2.38% increase in the 24-hour prime time at a price of $4,478, and the 24-hour transaction volume increased to $7 trillion. The market capitalization was $27.5 trillion, reflecting the positive trend in Terra Classic's performance.
Conclusion
Terra Classic's integration with USD Coin has revolutionized payments in 180 countries, offering crypto users the convenience of using their favorite digital wallets. This development not only enhances the utility of Terra Classic but also demonstrates the growing acceptance of cryptocurrencies as a legitimate form of payment. With a focus on on-chain utility, supply reduction, and chain development, the Terra Classic community is committed to ensuring the long-term success of the project. As the market performance continues to trend positively, Terra Classic is poised to make a significant impact in the global payments landscape.
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