Tether, a leading stablecoin issuer, has announced an investment in SQRIL, a real-time cross-border QR code payment platform. While the exact amount of the investment remains undisclosed, SQRIL is currently focused on markets in Asia, Africa, and Latin America. The platform is capable of integrating with APIs of traditional banks like Barclays and Bank of America, as well as digital banks such as Venmo, Revolut, and Cash App. The new funding will aid SQRIL in enhancing its stablecoin and QR code cross-border payment solutions.
Tether Invests in Cross-Border QR Payment Platform SQRIL
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