Tether has invested $1.5 million in Certed Wallet to increase access to finance in emerging markets

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Tether's $1.5 million investment in Certed Wallet targets financial inclusion in Africa and South Asia. Sorted Wallet facilitates secure crypto transactions on basic mobile phones, promoting economic empowerment.

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Tether has invested $1.5 million in Certified Wallet to increase financial inclusion in Africa and South Asia.

In the year Launched in 2023, Sorted Wallet is a pioneering crypto wallet designed for feature phones and low-power smartphones. The app was downloaded more than 70,000 times in its first year.

Sorted Wallet offers secure crypto transactions, especially for underbanked populations in unbanked and emerging markets. The investment is part of Tether's ongoing mission to improve access to global finance in regions that lack significant banking infrastructure, he said.

“This investment underscores Tether's commitment to financial inclusion and economic empowerment in underserved regions,” said Tether CEO Paolo Arduino.

Crypto plays a vital role in financial inclusion in areas where traditional banking services are lacking. In Africa, crypto has become integral to the daily financial activities of many people.

Similarly, Central and South Asia, and Oceania are experiencing rapid crypto market growth, with India leading the way in terms of transaction volume. Crypto offers faster money transfers, stable alternatives to local currencies, and opens up investment opportunities, Tether said.

“By supporting Sorted Wallet, we open up new opportunities for individuals with basic mobile phones to participate in the financial system. Our goal is to enable everyone, regardless of location and phone type, to securely manage and use cryptocurrency, build a more secure financial future, and participate in the evolving digital economy.” It is,” added Arduino.

The investment will enable Tiered Wallet to expand its reach and foster a more connected and inclusive financial landscape. The company aims to provide accessible digital finance to millions of people in underserved regions.

“Money empowerment shouldn't depend on owning the latest smartphone,” said Stephen Brown, CEO of Sorted Wallet. With Tether Investment, we are turning this belief into reality for millions of people across Africa and South Asia.

The move follows Teter's first visit to agriculture earlier this month. The company has become Adecoagro's third largest shareholder after acquiring a 9.8 percent stake in its investment portfolio in land, bitcoin and gold.

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