ChainCatcher reported that Tether announced a strategic investment of $1.5 million in Sorted Wallet. The investment aims to enhance financial inclusion in Africa and South Asia.

Sorted Wallet provides secure and convenient cryptocurrency transactions designed for individuals without or underbanked bank accounts. The platform is suitable for feature phones and low-power smartphones, meeting the needs of users who cannot use advanced technology, providing non-custodial wallets, and promoting economic empowerment and financial inclusion.

This move will not only help improve local financial services, but may also bring new growth points to the global cryptocurrency market.