{"id":94,"date":"2022-01-24T19:59:53","date_gmt":"2022-01-24T19:59:53","guid":{"rendered":"https:\/\/microtalk.co.uk\/blog\/?p=94"},"modified":"2025-07-28T07:43:30","modified_gmt":"2025-07-28T07:43:30","slug":"is-cryptocurrency-the-future-of-payments-in-telecoms","status":"publish","type":"post","link":"https:\/\/microtalk.co.uk\/blog\/is-cryptocurrency-the-future-of-payments-in-telecoms\/","title":{"rendered":"Is Cryptocurrency the Future of Payments in Telecoms?"},"content":{"rendered":"\r\n<p><a href=\"https:\/\/microtalk.co.uk\/\" target=\"_blank\" rel=\"noreferrer noopener\">Microtalk<\/a> is proud to announce that we\u2019ve added Tether to our payment options. We\u2019re constantly on the lookout for new ways to serve our customers and ensure the most reliable and efficient customer experience possible. Cryptocurrency is just one of these developments, with its low transaction fees and speedy processing time in comparison to traditional currencies.<\/p>\r\n\r\n\r\n\r\n<p>As you can now use Tether at Microtalk, we\u2019ve put together a short summary about <a href=\"https:\/\/www.kaspersky.com\/resource-center\/definitions\/what-is-cryptocurrency\" target=\"_blank\" rel=\"noreferrer noopener\">cryptocurrency<\/a> and its advantages so you can add a new payment option to your wallet, and your business, with confidence.<\/p>\r\n\r\n\r\n\r\n<p><strong>Regulations<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Cryptocurrency is trying hard to shake its bad reputation and introduce regulations while maintaining the freedom and ease of use that sets it apart from traditional transactions. In January 2020, the UK transferred the EU&#8217;s 5th Anti-money Laundering Directive into our laws, thereby updating the regulations and extending the scope of anti-money laundering laws in the UK.\u00a0Criminals work to circumvent regulations, that\u2019s why regulations are constantly being updated and vendors are working hard to stay one step ahead.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Risk assessment and controls: businesses must\u00a0take appropriate steps to assess the risks of money laundering \u2014 this means customers, the countries of operation, transactions, services, and delivery channels should all be considered when assessing money-laundering risks.<\/li>\r\n<li>Customer Due Diligence: intelligence units have the right to access addresses and owners of virtual currency.\u00a0<\/li>\r\n<li>Record keeping:\u00a0there must be swift compliance with information requests and documents should be maintained for at least five years after the transaction or business relationship has ended.<\/li>\r\n<li>Reporting: crypto asset businesses must report any suspicious transactions.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>Both Microtalk and our partners ensure compliance with these regulations for your safety and peace of mind.<\/p>\r\n\r\n\r\n\r\n<p><strong>What is Tether?<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Tether\u00a0(USDT) is a cryptocurrency. It\u2019s also the world\u2019s biggest stablecoin, meaning it gets its value from an external asset\u2014in this case, it\u2019s designed to always have the equivalent value of 1 US dollar\u2014and, being stable crypto, its value does not rise or fall as suddenly and it avoids the volatility of other cryptocurrencies, so Tether is considered a great way to store value while holding onto the advantages of\u00a0the crypto market. Towards the end of 2021, it was also announced that Tether would begin research to help combat money laundering and fraud in cross-border transactions \u2014 so it is not only stable but safe too.<\/p>\r\n\r\n\r\n\r\n<p>Here at <a href=\"https:\/\/microtalk.co.uk\/\">Microtalk<\/a>, we\u2019re proud to be working with Tether and giving our customers the support and flexibility they need through all areas of our business, including payments. We now connect more than 40 million calls a month for our customers and, as Microtalk is management-owned, we\u2019re dedicated to ensuring reliability and legality.<\/p>\r\n"},"excerpt":{"rendered":"<p>Microtalk is proud to announce that we\u2019ve added Tether to our payment options. We\u2019re constantly on the lookout for new ways to serve our customers and ensure the most reliable and efficient customer experience possible. Cryptocurrency is just one of these developments, with its low transaction fees and speedy processing time in comparison to traditional [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":97,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[92,90,93,97,132,135,4,99,134,138,136,98,95,139,130,131],"class_list":["post-94","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-crypto","tag-cryptocurrency","tag-currency","tag-fraud","tag-how-does-cryptocurrency-work","tag-is-cryptocurrency-the-future-of-payments-in-telecoms","tag-microtalk","tag-payments","tag-regulations-for-cryptocurrency-payments","tag-stable-coin","tag-stablecoin","tag-telecoms","tag-tether","tag-usdt","tag-what-is-cryptocurrency-and-how-does-it-work","tag-what-is-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/microtalk.co.uk\/blog\/wp-json\/wp\/v2\/posts\/94","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/microtalk.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microtalk.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microtalk.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/microtalk.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=94"}],"version-history":[{"count":9,"href":"https:\/\/microtalk.co.uk\/blog\/wp-json\/wp\/v2\/posts\/94\/revisions"}],"predecessor-version":[{"id":582,"href":"https:\/\/microtalk.co.uk\/blog\/wp-json\/wp\/v2\/posts\/94\/revisions\/582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microtalk.co.uk\/blog\/wp-json\/wp\/v2\/media\/97"}],"wp:attachment":[{"href":"https:\/\/microtalk.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=94"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microtalk.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=94"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microtalk.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=94"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}