Rezolve Ai (NASDAQ: RZLV), a global leader in AI-powered commerce
solutions, is announcing a groundbreaking new product designed with
support from Tether, the largest company in the digital asset
industry, to revolutionize retail payments. Rezolve Ai will
integrate WDK (Wallet Development Kit) by Tether, an open-source
crypto wallet library, into its Brain Checkout platform with the
aim to make cryptocurrency a mainstream payment method for everyday
purchases, eliminating burdensome merchant fees, and creating a
seamless cryptocurrency payment system for consumers and retailers
alike. The integration will allow users to purchase groceries,
meals, and transport with a single tap.
Making Cryptocurrency Mainstream for Everyday
PurchasesBy integrating WDK by Tether into Rezolve Ai’s
Brain Checkout platform, consumers will be able to use
cryptocurrency as easily as cash or credit for routine transactions
- groceries, coffee, transportation, and more. The integration
unlocks the full potential of cryptocurrencies – like USD₮,
Bitcoin, and others – making them a practical and accessible
payment option for everyone, everywhere.
Tether launched WDK by Tether, an open-source
toolkit for developers to create Bitcoin and USD₮ wallets for the
use of humans, AI, and robots. This integration will create a
powerful new ecosystem for crypto payments.
Paolo Ardoino, CEO of Tether, explained:"We are
excited to see Rezolve Ai working with Tether to integrate WDK by
Tether to its Brain Suite of products to empower consumers and
retailers with seamless cryptocurrency payments for everyday
transactions. By embedding crypto functionality into everyday
shopping experiences, Rezolve is breaking down barriers to adoption
and enabling consumers around the world to use cryptocurrency
seamlessly in their daily lives. We’re excited to support Rezolve
Ai as it builds a system that empowers consumers and retailers
alike.”
With 400 million users already utilizing Tether’s USD₮, the most
widely adopted stablecoin, and a growth rate of 35 million new
wallets created each quarter, Rezolve’s decision to work with
Tether positions us at the forefront of introducing cryptocurrency
into the day-to-day activities of consumers.
Eliminating Merchant Fees to Empower
RetailersMerchants worldwide collectively spend over $600
billion annually on credit card and payment processing fees,
cutting deeply into profitability. Rezolve is planning on
introducing a merchant fee-free payment system that eliminates
these costs entirely. Retailers gain a compelling reason to embrace
cryptocurrency payments, enabling them to keep more revenue while
providing consumers with a frictionless checkout experience.
Daniel M. Wagner, CEO of Rezolve Ai, said:"We
are working to eliminate merchant fees and unlock the potential of
AI and cryptocurrency to reshape the global payment landscape. By
combining the knowledge and know-how of Tether, the enormous
consumer base of crypto and its advanced technology with Rezolve’s
Brain Checkout, we are planning to provide retailers with a
frictionless, merchant fee-free payment solution and empower
consumers to use cryptocurrency for everyday purchases. We’re
pioneering a disruptive solution set to transform the $30 trillion
retail sector.”
Delivering Game-Changing Technology to the Retail
SectorThis integration introduces transformative
innovations designed to benefit merchants and consumers alike:
- Merchant Fee-Free Transactions: Unlike
traditional payment methods, this solution is intended to eliminate
payment processing fees, creating a disruptive incentive for
retailers to adopt the system and encourage customer usage.
- Real-Time Crypto-to-Fiat Conversion: We plan
to work with exchanges to conduct instant crypto-to-fiat
conversions, with funds credited to merchants in fiat at regular
intervals. This seamless process enhances the user experience for
both consumers and retailers.
- Global Scalability: A blockchain-based,
AI-driven platform that integrates easily into retailers’ existing
apps and websites.
- Consumer-Friendly
Wallets: WDK by Tether will be integrated directly into
Rezolve’s apps and partner merchants' platforms, enabling users to
load cryptocurrency and use it for purchases with live,
synchronized balances.
Setting a New Standard for Retail
PaymentsTether and Rezolve are each committed to making
cryptocurrency as ubiquitous as cash or credit. By addressing
inefficiencies in legacy payment systems and fostering financial
inclusion, this shared vision sets a new standard for innovation,
accessibility, and sustainability in retail payments. To that end,
Rezolve aims to use Tether’s technology to reshape the global
retail market - valued at $30 trillion - and empower businesses and
consumers worldwide.
For more information on this announcement, visit
www.rezolve.com.
About Rezolve AiRezolve Ai (NASDAQ: RZLV) is a
leader in AI-powered solutions for commerce and retail, focused on
transforming customer engagement, streamlining transactions, and
driving revenue growth. The company’s Brain Suite of products -
Brain Commerce, Brain Checkout, and Brain Assistant - harness the
power of AI to provide personalized, frictionless shopping
experiences and improve business outcomes for retailers and brands
worldwide. Partnering with industry giants like Tether, Microsoft,
and Google, Rezolve is pioneering the future of commerce. For more
information, visit www.rezolve.com.
About Tether and USD₮Tether is a pioneer in the
field of stablecoin technology, driven by an aim to revolutionize
the global financial landscape. With a mission to provide
accessible and efficient financial, communication, artificial
intelligence, and energy infrastructure. Tether enables greater
financial inclusion, and communication resilience, fosters economic
growth, and empowers individuals and businesses alike.
As the creator of the largest, most transparent, and liquid
stablecoin in the industry, Tether is dedicated to building
sustainable and resilient infrastructure for the benefit of
underserved communities. By leveraging cutting-edge blockchain and
peer-to-peer technology, it is committed to bridging the gap
between traditional financial systems and the potential of
decentralized finance. For more information, visit
www.tether.io.
Media Contact:Rezolve AiUrmee
KhanGlobal Head of Communicationsurmeekhan@rezolve.com+44 7576 094
040
Investor Relations Contact:CORE
IR+15162222560investors@rezolve.com
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1996. The actual results of
Rezolve Ai Limited (“Rezolve”) may differ from their expectations,
estimates and projections and consequently, you should not rely on
these forward-looking statements as predictions of future events.
Words such as “expect”, “estimate”, “project”, “budget”,
“forecast”, “anticipate”, “intend”, “plan”, “may”, “will”, “could”,
“should”, “believes”, “predicts”, “potential”, “continue”, and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Rezolve’s expectations with respect to sales from its
co-selling arrangements and descriptions of future performance.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Forward-looking statements in
this press release include Rezolve’s expectations. You should
carefully consider the risks and uncertainties described in the
“Risk Factors” section of Rezolve’s amended registration statement
on Form F-4 (File No. 333-272751) filed with the U.S. Securities
and Exchange Commission (“SEC”) on July 5, 2024, and declared
effective by the SEC on July 9, 2024 (the “Registration Statement”)
and its subsequent filings made with the SEC. These filings
identify and address other important risks and uncertainties that
could cause actual events and results to differ materially from
those contained in the forward-looking statements. Most of these
factors are outside Rezolve’s control and are difficult to predict.
Factors that may cause such differences include, but are not
limited to: (1) competition, the ability of Rezolve to grow and
manage growth profitably, and retain its management and key
employees; (2) costs related to Rezolve’s completed business
combination with Armada Acquisition Corp. I; (3) changes in
applicable laws or regulations; and (4) weakness in the economy,
market trends, uncertainty and other conditions in the markets in
which Rezolve operates, and other factors beyond its control, such
as inflation or rising interest rates. Rezolve cautions that the
foregoing list of factors is not exclusive and not to place undue
reliance upon any forward-looking statements, including
projections, which speak only as of the date made. Neither Rezolve
nor any other party (including Tether) undertakes or accepts any
obligation to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions, or circumstances
on which any such statement is based.
A photo accompanying this announcement is available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/357b5c87-9c89-4264-9a3f-8c68066202c4
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