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Tether and Rezolve Ai Share Vision to Eliminate Merchant Fees, and Redefine Retail PaymentsShareRezolve Ai supported by Tether to make cryptocurrency mainstream for everyday purchasesRezolve Ai to address the $600 billion+ global burden of merchant payment processing fees annuallyRezolve Ai plans to set a new global standard for retail payments through innovation, accessibility, and sustainability
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.
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.
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.”
"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 $600 billion annually on credit card and payment processing fees, cutting deeply into profitability. Rezolve is planning on introducing a merchant fee-free paymentsystem that eliminates these costs entirely. Retailers gain a compelling reason to embrace cryptocurrency payments, enabling them to keep more revenue while providing consumers with a frictionless checkout experience.
Merchants worldwide collectively spend over $600 billion annually on credit card and payment processing fees, cutting deeply into profitability. Rezolve is planning on introducing a merchant fee-free paymentsystem that eliminates these costs entirely. Retailers gain a compelling reason to embrace cryptocurrency payments, enabling them to keep more revenue while providing consumers with a frictionless checkout experience.
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 $30 trillion retail sector.”
"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.”
Delivering Game-Changing Technology to the Retail Sector
This integration introduces transformative innovations designed to benefit merchants and consumers alike:
This integration introduces transformative innovations designed to benefit merchants and consumers alike:
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 $30 trillion - and empower businesses and consumers worldwide.
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 $30 trillion - and empower businesses and consumers worldwide.
For more information on this announcement, visit www.rezolve.com.
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