GoCoin collaborates with Tether

GoCoin has joined hands with Tether to increase the number of payment options available to its supported merchants.

The company supports merchants who want to accept cryptocurrency for payments, and also get it converted to their local currency. Besides supporting bitcoin, it added litecoin and dogecoin options last year, making GoCoin a preferred choice among merchants who were looking for altcoin support.

Tether, on the other hand, is a startup that hopes to use the blockchain technology to represent fiat currency and perform transfers.

As a result of the partnership, GoCoin merchants will have the option of accepting the Tether currency as well, which in turn will remove the need to get it converted into fiat instantly. They will also be able to have bitcoin, litecoin or dogecoin payments settled as Tether rather than fiat.