As per TechFlow, on October 21, Tether announced a strategic investment in Kotani Pay, an African payment infrastructure company. Kotani Pay serves as an on-ramp and off-ramp provider connecting Web3 users with local African payment channels. The investment aims to lower the entry barriers for digital assets in Africa, addressing high transaction costs, long settlement times, and limited access to global financial networks for small and medium enterprises in emerging markets. Tether CEO Paolo Ardoino stated that blockchain technology plays a key role in enabling financial freedom, and Kotani Pay's vision and strong regional influence make it a suitable partner for advancing shared goals in Africa and beyond.
Tether Announces Strategic Investment in African Payment Infrastructure Firm Kotani Pay
TechFlowShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.