Tether and Rezolve Ai Share Vision to Make Crypto Mainstream, Eliminate Merchant Fees, and Redefine Retail Payments
Rezolve Ai (NASDAQ: RZLV) announces a collaboration with Tether to revolutionize retail payments by integrating WDK (Wallet Development Kit) into its Brain Checkout platform. The integration aims to make cryptocurrency mainstream for everyday purchases while eliminating merchant payment processing fees, which currently cost retailers over $600 billion annually worldwide.
The solution will enable consumers to use cryptocurrencies like USD₮ and Bitcoin for routine transactions such as groceries and transportation. With Tether's 400 million existing users and 35 million new wallets created quarterly, the partnership plans to transform the $30 trillion retail sector through features including merchant fee-free transactions, real-time crypto-to-fiat conversion, and consumer-friendly wallets integrated directly into Rezolve's apps and partner merchants' platforms.
Rezolve Ai (NASDAQ: RZLV) annuncia una collaborazione con Tether per rivoluzionare i pagamenti al dettaglio integrando il WDK (Wallet Development Kit) nella sua piattaforma Brain Checkout. L'integrazione mira a rendere le criptovalute comuni per gli acquisti quotidiani, eliminando le spese di elaborazione dei pagamenti per i commercianti, che attualmente costano oltre 600 miliardi di dollari all'anno a livello globale.
La soluzione permetterà ai consumatori di utilizzare criptovalute come USD₮ e Bitcoin per transazioni di routine, come la spesa e i trasporti. Con i 400 milioni di utenti esistenti di Tether e 35 milioni di nuovi portafogli creati trimestralmente, la partnership punta a trasformare il settore retail da 30 trilioni di dollari attraverso funzionalità che includono transazioni senza commissione per i commercianti, conversione in tempo reale da crypto a fiat e portafogli user-friendly integrati direttamente nelle app di Rezolve e nelle piattaforme dei commercianti partner.
Rezolve Ai (NASDAQ: RZLV) anuncia una colaboración con Tether para revolucionar los pagos al por menor integrando el WDK (Wallet Development Kit) en su plataforma Brain Checkout. La integración tiene como objetivo hacer que las criptomonedas sean comunes para las compras diarias, eliminando las tarifas de procesamiento de pagos para los comerciantes, que actualmente cuestan más de 600 mil millones de dólares anuales a nivel mundial.
La solución permitirá a los consumidores utilizar criptomonedas como USD₮ y Bitcoin para transacciones rutinarias como la compra de alimentos y el transporte. Con los 400 millones de usuarios existentes de Tether y 35 millones de nuevas billeteras creadas trimestralmente, la colaboración planea transformar el sector minorista de 30 billones de dólares a través de características que incluyen transacciones sin tarifas para comerciantes, conversión en tiempo real de cripto a fiat y billeteras amigables para el consumidor integradas directamente en las aplicaciones de Rezolve y en las plataformas de los comerciantes asociados.
Rezolve Ai (NASDAQ: RZLV)는 Tether와 협력하여 WDK(지갑 개발 키트)를 Brain Checkout 플랫폼에 통합하여 소매 결제를 혁신한다고 발표했습니다. 이 통합은 암호화폐를 일상적인 구매에 보편화하고 현재 연간 전 세계적으로 소매업체에 6천억 달러 이상의 비용이 드는 상인 결제 처리 수수료를 없애는 것을 목표로 하고 있습니다.
이 솔루션은 소비자가 USD₮ 및 비트코인과 같은 암호화폐를 생필품이나 교통수단과 같은 일상 거래에 사용할 수 있도록 합니다. Tether의 4억 명의 기존 사용자와 매 분기 3,500만 개의 새 지갑이 생성됨에 따라, 이 파트너십은 상인 수수료 없는 거래, 실시간 암호화폐-법정화폐 변환, Rezolve의 앱 및 파트너 상인의 플랫폼에 직접 통합된 사용자 친화적인 지갑 등 여러 기능을 통해 30조 달러 규모의 소매 부문을 변혁할 계획입니다.
Rezolve Ai (NASDAQ: RZLV) annonce une collaboration avec Tether pour révolutionner les paiements au détail en intégrant le WDK (Wallet Development Kit) dans sa plateforme Brain Checkout. L'intégration vise à rendre les cryptomonnaies courantes pour les achats quotidiens tout en éliminant les frais de traitement des paiements pour les commerçants, qui coûtent actuellement aux détaillants plus de 600 milliards de dollars par an dans le monde.
La solution permettra aux consommateurs d'utiliser des cryptomonnaies telles que USD₮ et Bitcoin pour des transactions courantes comme les courses et le transport. Avec les 400 millions d'utilisateurs existants de Tether et 35 millions de nouveaux portefeuilles créés chaque trimestre, le partenariat prévoit de transformer le secteur du retail de 30 trillions de dollars grâce à des fonctionnalités telles que des transactions sans frais pour les commerçants, la conversion en temps réel de crypto en fiat et des portefeuilles conviviaux intégrés directement dans les applications de Rezolve et les plateformes des commerçants partenaires.
Rezolve Ai (NASDAQ: RZLV) gibt eine Zusammenarbeit mit Tether bekannt, um den Einzelhandel durch die Integration eines WDK (Wallet Development Kit) in die Brain Checkout-Plattform zu revolutionieren. Ziel der Integration ist es, Kryptowährungen für alltägliche Einkäufe mainstream zu machen und die Kosten für die Zahlungsabwicklung durch Händler zu eliminieren, die derzeit Einzelhändler weltweit über 600 Milliarden Dollar pro Jahr kosten.
Die Lösung ermöglicht es den Verbrauchern, Kryptowährungen wie USD₮ und Bitcoin für alltägliche Transaktionen wie Lebensmittel und Transport zu verwenden. Mit 400 Millionen bestehenden Nutzern von Tether und 35 Millionen neuen Geldbörsen, die vierteljährlich erstellt werden, plant die Partnerschaft, den 30 Billionen Dollar schweren Einzelhandel durch Funktionen wie gebührenfreie Transaktionen für Händler, Echtzeit-Konvertierung von Krypto in Fiat und benutzerfreundliche Geldbörsen, die direkt in die Rezolve-Apps und die Plattformen der Partnerhändler integriert sind, zu transformieren.
- Integration with Tether's WDK potentially opens access to 400 million USD₮ users
- Planned elimination of merchant payment processing fees could save retailers from $600 billion annual costs
- Solution targets the $30 trillion retail sector with potential for significant market penetration
- Product is still in development phase with features described as 'planned' or 'intended'
- Real-time crypto-to-fiat conversion system still needs to be established with exchanges
Insights
This partnership represents a significant strategic move in the retail payments sector. The integration of WDK by Tether into Rezolve's Brain Checkout platform targets the
The real-time crypto-to-fiat conversion feature addresses a important merchant pain point, eliminating volatility risk while maintaining the benefits of blockchain technology. By targeting the
The integration of Tether's WDK represents a significant technological breakthrough in mainstream crypto adoption. The implementation of real-time crypto-to-fiat conversion and zero-fee transactions addresses two major barriers to cryptocurrency adoption in retail: transaction costs and price volatility. Tether's stablecoin (USD₮) provides the stability needed for everyday transactions, while the WDK integration enables seamless wallet creation and management.
The scalability of this blockchain-based, AI-driven platform could revolutionize retail payment infrastructure. The ability to integrate directly into existing merchant systems reduces implementation barriers and could accelerate adoption rates significantly.
- Rezolve Ai supported by Tether to make cryptocurrency mainstream for everyday purchases
- Rezolve Ai to address the
$600 billion + global burden of merchant payment processing fees annually - Rezolve Ai plans to set a new global standard for retail payments through innovation, accessibility, and sustainability
LONDON, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Rezolve Ai (NASDAQ: RZLV), a global leader in AI-powered commerce solutions, is announcing a groundbreaking new product designed with support from Tether, the largest company in the digital asset industry, to revolutionize retail payments. Rezolve Ai will integrate WDK (Wallet Development Kit) by Tether, an open-source crypto wallet library, into its Brain Checkout platform with the aim to make cryptocurrency a mainstream payment method for everyday purchases, eliminating burdensome merchant fees, and creating a seamless cryptocurrency payment system for consumers and retailers alike. The integration will allow users to purchase groceries, meals, and transport with a single tap.
Making Cryptocurrency Mainstream for Everyday Purchases
By integrating WDK by Tether into Rezolve Ai’s Brain Checkout platform, consumers will be able to use cryptocurrency as easily as cash or credit for routine transactions - groceries, coffee, transportation, and more. The integration unlocks the full potential of cryptocurrencies – like USD₮, Bitcoin, and others – making them a practical and accessible payment option for everyone, everywhere.
Tether launched WDK by Tether, an open-source toolkit for developers to create Bitcoin and USD₮ wallets for the use of humans, AI, and robots. This integration will create a powerful new ecosystem for crypto payments.
Paolo Ardoino, CEO of Tether, explained:
"We are excited to see Rezolve Ai working with Tether to integrate WDK by Tether to its Brain Suite of products to empower consumers and retailers with seamless cryptocurrency payments for everyday transactions. By embedding crypto functionality into everyday shopping experiences, Rezolve is breaking down barriers to adoption and enabling consumers around the world to use cryptocurrency seamlessly in their daily lives. We’re excited to support Rezolve Ai as it builds a system that empowers consumers and retailers alike.”
With 400 million users already utilizing Tether’s USD₮, the most widely adopted stablecoin, and a growth rate of 35 million new wallets created each quarter, Rezolve’s decision to work with Tether positions us at the forefront of introducing cryptocurrency into the day-to-day activities of consumers.
Eliminating Merchant Fees to Empower Retailers
Merchants worldwide collectively spend over
Daniel M. Wagner, CEO of Rezolve Ai, said:
"We are working to eliminate merchant fees and unlock the potential of AI and cryptocurrency to reshape the global payment landscape. By combining the knowledge and know-how of Tether, the enormous consumer base of crypto and its advanced technology with Rezolve’s Brain Checkout, we are planning to provide retailers with a frictionless, merchant fee-free payment solution and empower consumers to use cryptocurrency for everyday purchases. We’re pioneering a disruptive solution set to transform the
Delivering Game-Changing Technology to the Retail Sector
This integration introduces transformative innovations designed to benefit merchants and consumers alike:
- Merchant Fee-Free Transactions: Unlike traditional payment methods, this solution is intended to eliminate payment processing fees, creating a disruptive incentive for retailers to adopt the system and encourage customer usage.
- Real-Time Crypto-to-Fiat Conversion: We plan to work with exchanges to conduct instant crypto-to-fiat conversions, with funds credited to merchants in fiat at regular intervals. This seamless process enhances the user experience for both consumers and retailers.
- Global Scalability: A blockchain-based, AI-driven platform that integrates easily into retailers’ existing apps and websites.
- Consumer-Friendly Wallets: WDK by Tether will be integrated directly into Rezolve’s apps and partner merchants' platforms, enabling users to load cryptocurrency and use it for purchases with live, synchronized balances.
Setting a New Standard for Retail Payments
Tether and Rezolve are each committed to making cryptocurrency as ubiquitous as cash or credit. By addressing inefficiencies in legacy payment systems and fostering financial inclusion, this shared vision sets a new standard for innovation, accessibility, and sustainability in retail payments. To that end, Rezolve aims to use Tether’s technology to reshape the global retail market - valued at
For more information on this announcement, visit www.rezolve.com.
About Rezolve Ai
Rezolve Ai (NASDAQ: RZLV) is a leader in AI-powered solutions for commerce and retail, focused on transforming customer engagement, streamlining transactions, and driving revenue growth. The company’s Brain Suite of products - Brain Commerce, Brain Checkout, and Brain Assistant - harness the power of AI to provide personalized, frictionless shopping experiences and improve business outcomes for retailers and brands worldwide. Partnering with industry giants like Tether, Microsoft, and Google, Rezolve is pioneering the future of commerce. For more information, visit www.rezolve.com.
About Tether and USD₮
Tether is a pioneer in the field of stablecoin technology, driven by an aim to revolutionize the global financial landscape. With a mission to provide accessible and efficient financial, communication, artificial intelligence, and energy infrastructure. Tether enables greater financial inclusion, and communication resilience, fosters economic growth, and empowers individuals and businesses alike.
As the creator of the largest, most transparent, and liquid stablecoin in the industry, Tether is dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralized finance. For more information, visit www.tether.io.
Media Contact:
Rezolve Ai
Urmee Khan
Global Head of Communications
urmeekhan@rezolve.com
+44 7576 094 040
Investor Relations Contact:
CORE IR
+15162222560
investors@rezolve.com
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1996. The actual results of Rezolve Ai Limited (“Rezolve”) may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “forecast”, “anticipate”, “intend”, “plan”, “may”, “will”, “could”, “should”, “believes”, “predicts”, “potential”, “continue”, and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Rezolve’s expectations with respect to sales from its co-selling arrangements and descriptions of future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Forward-looking statements in this press release include Rezolve’s expectations. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of Rezolve’s amended registration statement on Form F-4 (File No. 333-272751) filed with the U.S. Securities and Exchange Commission (“SEC”) on July 5, 2024, and declared effective by the SEC on July 9, 2024 (the “Registration Statement”) and its subsequent filings made with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside Rezolve’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) competition, the ability of Rezolve to grow and manage growth profitably, and retain its management and key employees; (2) costs related to Rezolve’s completed business combination with Armada Acquisition Corp. I; (3) changes in applicable laws or regulations; and (4) weakness in the economy, market trends, uncertainty and other conditions in the markets in which Rezolve operates, and other factors beyond its control, such as inflation or rising interest rates. Rezolve cautions that the foregoing list of factors is not exclusive and not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. Neither Rezolve nor any other party (including Tether) undertakes or accepts any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/357b5c87-9c89-4264-9a3f-8c68066202c4
FAQ
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