The tenders add a crippt ‘Super App’ to the swelling of the investment portfolio – DL News

Tether added CRIPTO PAIMENTS APP Fizen to its growing investment portfolio on Tuesday, which includes football clubs, farms, and even a company that develops computer-brain.

Fizen, Hong Kong Home Power that has previously raised $ 1.2 million From investors, the styles of the “Super Application” that focuses on practical apps for cripto, such as loan overflow for mobile phone or shopping maps.

“Tether’s investment in Fizen emphasizes our commitment to expanding global access to effective and reliable digital financial solutions that promote informed responsible use of digital property in everyday life”, “CEO CEO Paolo Ardoin said in a statement for the public.

Third job

Fizen Investment Investment Mark Tetera Third Great Agreement since this year. It is also a transition from recent external investments Stablecoin Giant, many of which had little to do with the crippt.

Last month, Tether invested The $ 11 million of the media company is water in exchange for 30% stake in the company.

In February, Tether acquired Minority share in Juventus, Italian series of the football club. The same month, tenders and offer $ 385 million For full ownership of the country American agricultural company that partially owns.

The next investment comes after the arrest reported watering for the eyes $ 13 billion Profit from reserve in 2024. years.

Ardoin said DL News In an interview in 2024. year that mours constantly reviews investment opportunities, but it is very choice about what follows.

Strategic investors

As a USDTT publisher, Tether is a top publisher Stablecoin worldwide. USDTT, which has $ 145 billion In circulation, accounts for 62% of the entire Stablecoin market.

He joins other strategic investors in Fizen, including the company for the development of Block Cape Sotatek, Vietnamese development of Vnekt and Victions, previously known as Tomochain.

Previous collection efforts were collected in the form of Sales Fizen Token to investors. It is not clear whether Tether’s strategic investments were owned in a company or cripto tokens.

Tether did not immediately answer the comment request.

Warm sector

Cripto payments quickly become a hot sector.

In January, American Cripto Exchange Krakeken launched Klaken Pay, a service that allows users to send payments using crypto or fiat currencies.

Fintech in the UK revolut last year expanded Its offers with crypto payment cards.

Fintech firms will increasingly integrate with CRIPTO rails to offer faster, cheaper and more efficient financial services – such as its customers – their customers, Mike Giapapa, Galaxi General, General Partner in Galaxy, Previous told DL News.

Fizen’s plan is to offer crypto payments, regardless of whether users do not even realize them to use blockchain technology, Leo Vu, founder and director of Fizen, said in release.

“Technological infrastructure is already in place,” he said. “We miss applications tailored to consumers.”

The CRAIG team is DL News’ Edinburgh correspondent based on Edinburgh. Reach with the tops on tim@dlnevs.com.