Tether, a digital asset company, has invested in Kotani Pay, a fintech that aims to empower people and businesses in Africa by removing obstacles to global financial participation.
According to the statement, this investment will provide access to digital assets and cross-border payment systems, addressing long-standing challenges for small and medium-sized enterprises and big businesses in emerging markets such as high transaction costs, long settlement times, and limited access to global financial networks.
According to the investor, Kotani Pay's infrastructure aligns with Tether's broader mission of expanding blockchain use cases such as cross-border payments and digital asset management, providing extensive access to financial tools, and developing systems that enable underserved communities to participate in the global economy.
“Together, we aim to provide businesses and individuals with access to digital assets for their global operations, reduce friction in cross-border transactions, and build a more inclusive financial future while promoting the informed use of digital assets,” said Paolo Ardoino, CEO of Tether.
Felix Macharia, CEO and co-founder at Kotani Pay added: “We have been fortunate to witness and build on the rising usage of blockchain technology on the continent across a variety of use cases. This strategic investment from Tether better positions us to continue our work as a bridge to the on-chain economy, connecting millions of Africans to the global financial system.”
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