Smartpay Joins Rezolve AI in $1 Billion Stablecoin Payment Expansion

Smartpay Joins Rezolve AI in $1 Billion Stablecoin Payment Expansion

By BitDegree
Rezolve AI, a publicly traded company focused on artificial intelligence (AI) powered commerce tools, has acquired Smartpay, a financial technology firm that enables businesses to accept payments in stablecoins.

Article Details

Rezolve AI has completed a strategic acquisition of Smartpay in a major $1 billion stablecoin payment expansion that could revolutionize cryptocurrency commerce integration. This groundbreaking partnership positions the publicly traded AI-powered commerce company at the forefront of digital payment innovation, enabling businesses to seamlessly accept stablecoin transactions.

The acquisition highlights growing institutional adoption of cryptocurrency payment solutions as traditional finance increasingly embraces blockchain technology. Smartpay's fintech expertise combined with Rezolve AI's artificial intelligence capabilities creates a powerful platform for merchants seeking DeFi payment alternatives to conventional processing systems.

This billion-dollar expansion signals significant market confidence in stablecoin utility for everyday transactions, potentially driving wider cryptocurrency adoption across retail sectors. The strategic move positions Rezolve AI to capture substantial market share in the rapidly evolving digital payments landscape, where stablecoins offer reduced volatility compared to Bitcoin and other cryptocurrencies.

As blockchain-based payment solutions gain mainstream traction, this acquisition demonstrates how AI and cryptocurrency technologies are converging to transform traditional commerce infrastructure, offering businesses enhanced transaction efficiency and reduced processing costs.

Article Details

Market Sentiment
neutral
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Technology

Additional Information

0

Read the Full Article

Continue reading this article on BitDegree

Read Full Article

Source: BitDegree

Type: Article

Continue Reading

Stay informed with more cryptocurrency news and insights

Binance CEO Pushes Back on Claims of Promoting Trump Stablecoin Before CZ Pardon
generalNegative

Binance CEO Pushes Back on Claims of Promoting Trump Stablecoin Before CZ Pardon

TL;DR Binance CEO denies promoting Trump's stablecoin. The allegations involve a $2 billion investment in MGX. Senator Elizabeth Warren denounced thes...

Crypto Economy1 min
Crypto Industry Watches Closely as Prosecutors Seek Five-Year Term in Samourai Case
generalNegative

Crypto Industry Watches Closely as Prosecutors Seek Five-Year Term in Samourai Case

TL;DR US prosecutors are seeking the maximum five-year sentence for the co-founders of Samourai Wallet. They are accused of laundering $237M, although...

Crypto Economy1 min
U.S. Sanctions North Korean Bankers Over Crypto Laundering Tied to Cyberattacks
generalNegative

U.S. Sanctions North Korean Bankers Over Crypto Laundering Tied to Cyberattacks

The U.S. Treasury has imposed fresh sanctions on a group of North Korean bankers and institutions accused of laundering millions in cryptocurrency tie...

Coindesk1 min
Arthur Hayes: America's ‘Repo Market Voodoo' Could Be a Blessing for Crypto
generalPositive

Arthur Hayes: America's ‘Repo Market Voodoo' Could Be a Blessing for Crypto

TL;DR Arthur Hayes argues that the US government's repo-based funding model expands the dollar supply without calling it QE, which may support crypto ...

Crypto Economy1 min
Binance-backed startup accused of wallet manipulation in APR token airdrop
generalNegative

Binance-backed startup accused of wallet manipulation in APR token airdrop

aPriori, the trading startup backed by Binance founder Changpeng Zhao's venture firm YZi Labs is facing allegations of a Sybil attack in its recent to...

Cryptopolitan1 min
Stream Finance Stablecoin Plunges 77% After Protocol's Fund Manager Loses $93 Million
generalNegative

Stream Finance Stablecoin Plunges 77% After Protocol's Fund Manager Loses $93 Million

Stream's collapse shows operational risk extends beyond smart contracts to fund managers and custody, an expert told Decrypt....

Decrypt1 min