Rezolve AI has officially acquired Smartpay, a company recognized for its capability of processing USDt payments, marking a significant development in the intersection of digital assets and artificial intelligence in e-commerce.
The acquisition strengthens Rezolve’s collaboration with Tether while broadening its digital payment network throughout Latin America and Africa.
This deal was revealed recently without disclosing the financial aspects. Rezolve stated that the acquisition would enhance its payment initiatives aligned with Tether, the issuer behind the USDt stablecoin.
Over the past year, Smartpay has facilitated over 19 million transactions for a total exceeding $1 billion in USDt.
Operating primarily in Latin America and central Africa, Smartpay allows consumers to utilize stablecoins for their payments, with merchants receiving local fiat currency for transactions. The model integrates crypto payments with immediate fiat conversion to reduce volatility and ease implementation.
This acquisition positions Rezolve to establish a payments network reliant on blockchain, permitting users to exchange digital assets while ensuring instant transactions for merchants.
“Smartpay gives Rezolve a proven, transaction-tested foundation to scale our digital asset payment initiative globally,” said Daniel M. Wagner, CEO of Rezolve AI.
Payments and AI Driving Cryptocurrency Adoption
The growing utility of cryptocurrencies in transactions has been acknowledged as a pivotal factor in blockchain integration. A recent study by Reown and YouGov indicates that both payments and AI are the main catalysts for crypto’s evolving phases.
According to Jess Hougrave, CEO of Reown, reviews highlight that payments and AI together enhance the functionality and trustworthiness of cryptocurrencies by integrating them into everyday financial exchanges and smart systems.
This trend emphasizes the collaboration between AI technologies and blockchain payment systems, where innovations like Google’s Agent Payments Protocol facilitate AI-driven crypto transactions, primarily operating with stablecoins.
As documented by Cointelegraph, industry leaders including Mike Novogratz have expressed that AI agents could become predominant future users of stablecoins for their rapid and programmable financial transactions.
