The Nimiq Pay app was built for fast, seamless, and frictionless crypto payments in the real world. Stablecoins have grown in popularity across the crypto space as a way to transact without the volatility related inconveniences. More and more people are using them. Among them, USDT has become the most widely used option. Today, Nimiq Pay adds support for a second currency: USDT is now available in the Nimiq Pay app, alongside NIM.
Spend USDT
If you already have USDT, you can spend it right away. Top up directly from any Polygon-compatible wallet and spend from coffee shops to restaurants to online merchants, wherever Nimiq Pay is accepted. That means the full acceptance network: Naka card locations, BTC Lightning merchants, Cryptopayment Link, and anywhere listed in the Crypto Map. When you're done, withdraw to any USDT Polygon address of your choice.
You can toggle between NIM and USDT in the bottom left of your app screen to switch the balance view. You don't need to do conversions or detour through another app. Now you can use both NIM and USDT in the same app.
Why USDT?
As shared above, USDT is the most widely held stablecoin in the world. Many people already have USDT in their wallets or on exchanges. Pegged 1:1 to the dollar, it's a currency people trust for everyday transactions, and Nimiq Pay is giving it a new destination, somewhere you can actually spend it. USDT in Nimiq Pay runs on Polygon, keeping transfers fast and fees low.
Try it out
Whether you prefer to spend NIM or USDT, or switch between the two for different payments, Nimiq Pay now handles it all in one place. The app is the same. Your options have grown.
Update your Nimiq Pay app or download it in the Play Store or App Store, and try it for yourself!
Pura Vida,
Team Nimiq