Rezolve Ai (NASDAQ: RZLV), a small-cap AI firm that infuses AI within the e-commerce process, is partnering with Tether on retail payments. Tether is the largest stablecoin issuer in the world, and its dollar-based digital asset, USDT, has a market cap of over $135 billion.
Rezolve says it will integrate Tether’s WDK (Wallet Development Kit) into its Brain Checkout platform, aiming to make crypto a mainstream payment method for everyday purchases. The company explains that integration will enable users to utilize cryptocurrency as easily as cash or credit for routine transactions.
Paolo Ardoino, CEO of Tether, said they are excited to support Rezolve AI as they break down barriers to crypto acoption around the world.
Tether reports that over 400 million users are already utilizing Tether’s USD₮, and it has a growth rate of 35 million new wallets created each quarter.
Integration with Tether will also reduce merchant fees for retailers as Rezolve plans to introduce a merchant fee-free payment system that eliminates these costs entirely.
Daniel M. Wagner, CEO of Rezolve AI, commented:
“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 $30 trillion retail sector.”
While stablecoins have largely been used as an on/off ramp for crypto investing the bigger opportunity is to provide the new payment rails for the world that provides immediate transfers and zero (or low cost) payments thus challenging the established payments industry.