CandleFocus Tether Invests $1.5 Million in Sorted Wallet to Enhance Financial Inclusion
2024-09-19
Author: Content Editor
Tether Operations Limited, the largest company in the digital asset industry, has invested $1.5 million in Sorted Wallet, a platform that provides easy access to cryptocurrencies for users in emerging markets. The investment aims to enhance financial inclusion in Africa and Southern Asia by bridging the gap for unbanked and underbanked individuals. Sorted Wallet is specifically designed for feature phones and low-powered smartphones, offering secure and accessible cryptocurrency transactions. This aligns with Tether's mission to improve global financial accessibility in regions with limited banking infrastructure. Cryptocurrency is becoming essential for financial inclusion in Africa and Southern Asia due to limited access to traditional banking services. Despite regulatory concerns, crypto adoption continues to grow in these regions as it enables faster remittances, provides an alternative to unstable local currencies, and offers investment opportunities. The investment by Tether reflects its commitment to advancing financial inclusion and driving the growth of digital finance.
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