Tether Invests in Kotani Pay to Advance Web3 Payments in Africa
Tether’s partnership with Kotani Pay is focused on enhancing cross-border payment solutions, addressing the challenges faced by African SMEs in global transactions.
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Summary
Tether has announced a partnership with Kotani Pay, targeting the reduction of costs and time involved in international money transfers. This collaboration aims to empower African SMEs by improving their access to global finance through more efficient blockchain-powered payment solutions, according to a press release dated October 21, 2025.
Terms & Concepts
- Blockchain-powered payment solutions: Payment systems that leverage blockchain technology for secure and transparent transactions, reducing reliance on traditional intermediaries.
- SMEs (Small and Medium Enterprises): Businesses that maintain revenues, assets, or number of employees below a certain threshold, often facing challenges accessing global financial systems.