A strategic investment by the world’s largest stablecoin issuer in Africa’s Web3 infrastructure.
Tether, the company behind the USDT stablecoin, announced a strategic investment in Kotani Pay, an on-ramp and off-ramp infrastructure platform that connects Web3 users to local payment channels across Africa.
Tether’s Africa investment
This investment is a direct move to lower the significant barriers to global financial participation faced by people and small-to-medium enterprises (SMEs) across the continent. Africa’s rapidly growing adoption of mobile money and blockchain technology makes it a crucial frontier for digital finance. Tether’s involvement aims to provide seamless access to digital assets for cross-border payments, directly tackling common challenges in emerging markets such as: high transaction costs, long settlement times and limited access to global financial networks.
By leveraging blockchain-powered solutions for stability, security, and efficiency, the partnership is designed to empower previously excluded businesses and individuals with direct access to the global economy. This strategic move aligns with Tether’s broader mission to expand blockchain use cases beyond speculative trading and into real-world applications that drive financial inclusion and transparency in underserved communities.
Source: https://coinidol.com/tether-revolutionize-african-finance/