Tether backs Fizen to improve stablecoin payments and self-custody
TETHER has announced a strategic investment in FIZEN Limited, a fintech company focused on self-toilet portfolios and digital payments.
The attachment is team up With Fizen to stimulate the real use of stablecoins and help those who do not have access to banking services. FIZEN allows people to store, transfer and spend stablecoins by easily using self-cire portfolios.
Their technology simplifies cryptographic payments for buyers and businesses, with features such as QR codes and card players. This means that companies can accept stable And get instant Fiat establishments without having to invest in a lot of additional infrastructure – make digital payments accessible.
According to the World Bank’s global Findex report, there are still millions of people without bank accounts because they cannot access financial institutions or do not have the necessary documentation.
Tether’s investment will help Fizen evolve its blockchain technology to increase the use of the stable reserve on different platforms and solve some of these problems.
Adoption of stable merchantscoins
Even if the stablecoins Can offer fast and inexpensive transactionsBringing merchants to adopt them was a bit of a challenge. Fizen’s approach aims to change this by offering a simple and friendly payment experience, which could really open the door to more people to use the crypto for daily purchases.
With QR code payments fixed to go beyond 3 dollars of dollars in the world by 2024 and more people who obtain smartphones, there is a great opportunity here to ensure that the stablescoin use worldwide.
“Tether’s investment in Fizen is a question of our goal of making digital financial solutions accessible to everyone,” said Paolo Ardodino, CEO of Tether. He noted that having a self-cascard configuration is the key to making stablecoins practical for real use.
Tether said he was making this decision to advance his USDT (USDT) Label and support freedom and financial inclusion.
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