TechFlow news, according to Globenewswire, stablecoin giant Tether disclosed that it has invested in the real-time cross-border QR code payment platform SQRIL. The specific investment amount has not been disclosed yet. SQRIL currently primarily targets markets in Asia, Africa, and Latin America, and can integrate with APIs from traditional banks (such as Barclays or Bank of America), digital banks like Venmo, Revolut, or Cash App. The new funds will support its exploration of better stablecoin and QR code cross-border scanning payment methods.
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