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- Tether invests in Fizen to boost global stablecoin use and financial inclusion.
- Fizen’s tech enables seamless stablecoin payments with instant fiat settlements.
- The partnership targets unbanked populations and promotes self-custody wallets.
Tether has made a bold move. The digital asset giant invested in Fizen Limited, a growing fintech firm. Fizen focuses on self-custody wallets and digital payment solutions. This partnership aims to improve access to stablecoins worldwide. It supports the goal of easier, safer, and faster digital transactions.
Fizen’s technology is designed to be user-friendly. It is a multichain stablecoin supported and makes it easy to use the blockchain. Tether’s support will enable scaling of these tools more quickly. It will also propel the use of crypto to areas where banks are inaccessible.
Millions of people are excluded due to geography and paperwork constraints. Fizen provides a bridge to the financial systems using a digital solution. By eliminating the requirement of papers or travel, Fizen makes it directly available using mobile apps. Tether believes it’s a game-changer in inclusion.
Tether’s Role Goes Beyond Investment
While stablecoins have the benefits of speed and low cost, they also struggle in the retail environment. Merchants are not eager to embrace crypto. Fizen has a simple solution to alter this reality. Its products enable customers to pay in stablecoins. Meanwhile, traders receive immediate fiat by using card readers or QR codes.
This makes it routine and efficient. It doesn’t require new infrastructure. It saves companies friction and expense. This facilitates real-world utilization of digital assets.
Projections show that payments using QR codes will hit over $3 trillion by the year 2024. Over two billion will use them by the year 2025. Such numbers indicate a high demand for swift, online payment processes. Fizen is leveraging the trend by using technology that is seamlessly integrated into people’s daily lives.
The Power of Self-Custodial Wallets
Part of that is Tether’s mission of achieving financial autonomy. Self-custody wallets are a major component of that. These wallets put control of money directly in users’ hands. Paired with instant payments, they become a highly effective instrument of autonomy.
Fizen’s platform marries simplicity and blockchain. It removes the tech layer of the cryptocurrency. It becomes more usable in people’s daily lives by doing so. Users are provided a seamless experience by having the tech layer hidden. Tether’s contribution in this undertaking is not solely fiscal.
It also represents a wider purpose. It seeks to spearhead the build-up of stablecoin utility. This also seeks to secure, include, and simplify digital finance. This investment indicates that the future of finance might not be in banks anymore. It might happen through apps, QR codes, and stablecoins in daily pockets.
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