Crypto News: Rezolve AI Acquires Smartpay After Handling $1B in USDt Payments

Rezolve AI acquires Smartpay, processing $1B in USDt payments, to expand AI-driven digital payments across Latin America and Africa.

 

Rezolve AI has acquired Smartpay, a fintech company that processes over $1 billion in annual USDt payments. The acquisition strengthens Rezolve’s digital payments platform and expands its reach in emerging markets. 

By incorporating Smartpay’s technology, Rezolve aims to improve payment processing with stablecoin-based transactions. The deal comes as part of the growing trend of integrating AI with crypto payments.

Smartpay’s Contribution to the Deal

Smartpay has been facilitating stablecoin-based payments since its inception in 2019. The company has processed more than $1 billion in USDt transactions over the past year. It has built a reliable infrastructure that makes it easier for consumers to pay using stablecoins while merchants receive local fiat currency.

The company operates in Latin America and central Africa, regions with increasing demand for stable payment solutions. 

By integrating Smartpay into its platform, Rezolve can expand its operations into these high-growth markets. This acquisition also enhances the ability to offer a seamless transaction experience, combining both crypto and fiat payments.

Smartpay’s ability to handle high transaction volumes makes it a valuable addition to Rezolve’s payment network.

It simplifies the adoption of digital assets for businesses while reducing exposure to the volatility of crypto prices. This foundation will help Rezolve scale its digital payment services across multiple regions.

Rezolve’s Plans After the Acquisition

Rezolve AI plans to leverage Smartpay’s infrastructure to expand its blockchain-based payment network. This move aligns with its broader strategy to integrate digital assets into everyday payments.

By doing so, Rezolve hopes to offer businesses a seamless experience that combines digital asset payments with local currency settlements.

The acquisition also gives Rezolve the opportunity to increase its presence in emerging markets like Latin America and Africa. These regions are showing a growing interest in crypto payments, which Rezolve aims to tap into.

With Smartpay’s established presence in these markets, Rezolve is well-positioned for future growth.

Rezolve’s CEO, Daniel M. Wagner, noted that Smartpay’s technology will help scale their global digital asset payment efforts. This acquisition strengthens their ability to bring digital payment solutions to a broader audience, particularly in regions where access to traditional banking is limited.

The Role of AI in Shaping Crypto Payments

AI is becoming a key component in the evolution of crypto payments.

Artificial intelligence helps improve transaction speed and reduces errors, making crypto payments more efficient. In recent years, AI has been integrated into blockchain systems to automate processes and increase reliability.

Rezolve’s platform uses AI to manage payments and enhance user experience. AI technology can help identify trends and optimize payment routes, ensuring faster and safer transactions.

With Smartpay’s integration, Rezolve will be able to offer these enhanced AI features to a larger user base.

The growing role of AI in crypto payments is not just about improving efficiency. It also builds trust, especially for users who may be new to digital assets. As more businesses adopt AI-driven payment systems, the demand for stablecoin-based transactions will likely increase.

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