Tether has invested in crypto payment company Fizen

What’s new? Tether has announced a strategic investment in fintech company Fizen, which specializes in non-custodial crypto wallets and digital payments. Among other things, Fizen’s payment technology enables seamless transactions with stablecoins, making this asset type more accessible to businesses and consumers alike.

Press release

What else is known? Fizen “is one of the crypto companies delivering real value to consumers and businesses, bringing practical crypto use cases to life,” Tether’s press release emphasized.

Tether referred to the World Bank’s Global Findex report, according to which access to banking services is still denied to millions of people around the world. The company itself is aimed at providing financial services to as many users as possible, deprived of access to banks, especially in emerging markets.

US authorities seized $200 000 USDT from Hamas terrorists: operation details

Palestinian terrorists collect donations in cryptocurrency and use major trading platforms such as Binance and BTCTurk

Read more

The company’s experts recognize that stablecoins, despite lower fees, increased security, and instant transactions, are still not widely used in everyday commerce. It is this problem that the investment in Fizen is aimed at solving.

Thus, the company will enable users to seamlessly pay with stablecoins while providing merchants with instant fiat payments through common payment methods such as QR codes and payment terminals.

Its technology will eliminate the need for additional infrastructure and make stablecoin payments more accessible and efficient for businesses around the world.

“Fizen’s innovative model helps to bridge the gap between self-custody and digital payments, empowering users with greater financial independence while reinforcing our leadership as the most widely used stablecoin globally, advancing inclusive access to the financial system,” said Tether CEO Paolo Ardoino.

Thailand’s SEC adds USDT and USDC to the list of approved cryptocurrencies

Previously, the list of approved cryptocurrencies only included BTC, ETH, XRP, and XLM

Read more

Tether’s USDT stablecoin ranks third in the overall cryptocurrency ranking by market capitalization, behind only bitcoin and Ethereum at $114,6 billion.

Last year, Tether announced a $1,5 million strategic investment in the non-custodial crypto wallet, Sorted Wallet, with the funds being used to grow its business in Africa and South Asia.