Fintech company Smartpay, known for stablecoin-based payments, was acquired by Rezolve AI, a commerce platform. The deal aims to enhance digital asset payment initiatives with Tether, processing over $1 billion in USDt value. Smartpay enables consumers to pay with stablecoins and merchants to receive fiat currency settlements, operating in Latin America and central Africa.

Rezolve AI’s acquisition of Smartpay supports the development of a blockchain-based payment network, allowing consumers to pay with digital assets while ensuring instant fiat transactions for merchants. CEO Daniel M. Wagner sees Smartpay as a foundation to scale the digital asset payment initiative globally.

A study by Reown and YouGov suggests that payments and AI are driving the next phase of crypto growth. This trend reflects the integration of digital assets into everyday transactions and intelligent systems. Google’s Agent Payments Protocol, in collaboration with Coinbase, enables AI agents to autonomously conduct crypto transactions, emphasizing the synergy between AI and blockchain-based payments. Galaxy Digital CEO Mike Novogratz predicts AI agents will become major users of stablecoins for fast and borderless digital payments.

Read more at Cointelegraph: Rezolve AI Acquires Smartpay, a $1B Stablecoin Payments Platform