Smartpay, handling $1B in annual USDt payments, acquired by Rezolve AI

Rezolve AI has acquired Smartpay, a major player in stablecoin payments, enhancing its digital payments network and solidifying ties with Tether across Latin America and Africa.

Smartpay, founded in 2019, processes approximately $1 billion in annual USDt payments, specializing in stablecoin-based transactions.
The acquisition strengthens Rezolve AI's collaboration with Tether, the cryptocurrency known for its widespread use in stablecoin payments.
Rezolve AI aims to leverage Smartpay's infrastructure to expand its artificial intelligence-driven payment systems across Latin America and Africa.
The acquisition reflects a growing trend towards integrating digital assets and fiat money within fintech solutions, enhancing payment accessibility in emerging markets.
Rezolve AI's Chief Executive Officer emphasized the importance of this acquisition in creating innovative payment solutions tailored for diverse regional markets.

Why It Matters

This acquisition represents a significant step in the evolution of fintech, particularly in the realm of digital assets. It enhances payment options in Latin America and Africa, where stablecoin adoption is increasing. Businesses and consumers in these regions may benefit from improved transaction efficiency and security, signaling potential growth in the digital payments landscape.