Rezolve AI Acquires Smartpay to Enhance Stablecoin Payment Infrastructure

According to PANews, financial technology infrastructure company Smartpay, which supports stablecoin payments, has been acquired by the publicly listed commerce platform Rezolve AI. The acquisition was announced on Tuesday, though the financial terms were not disclosed. Rezolve stated that this move will bolster its digital asset payment initiative in collaboration with Tether, the issuer of the stablecoin USDT. The acquisition supports Rezolve's plan to develop a blockchain-based payment network, enabling consumers to make payments using digital assets while allowing merchants to maintain instant fiat currency transactions.