TechFlow news, October 21 — According to an official announcement, Tether has announced a strategic investment in Kotani Pay, an African payments infrastructure company. Kotani Pay is a fiat on- and off-ramp infrastructure provider connecting Web3 users with local payment channels across Africa.
The investment aims to lower the barriers to digital asset access in Africa and address challenges faced by small and medium-sized enterprises and corporations in emerging markets, including high transaction costs, long settlement times, and limited access to global financial networks.
Tether CEO Paolo Ardoino said blockchain technology plays a key role in unlocking financial freedom, and Kotani Pay’s vision and strong regional influence make it a suitable partner in advancing shared goals across Africa and beyond.
