Thesis: Tether Invests $1.5 Million in Sorted Wallet to Increase Access to Cryptocurrency in Developing Countries 🌍
- Tether has invested $1.5 million in Sorted Wallet, a platform that allows people in developing countries to use cryptocurrency on basic mobile phones.
- The investment aims to increase financial inclusion in regions of Africa and South Asia where access to traditional banks is limited.
- Sorted Wallet allows unbanked users to store, send, and receive cryptocurrency while keeping their funds safe.
- Cryptocurrencies are becoming important in regions with limited access to traditional banking services, offering faster and cheaper payments.
- Tether CEO Paolo Ardoino noted that the support of Sorted Wallet opens up new opportunities for people with basic mobile phones to participate in the financial system.
💬 Share your thoughts in the comments! Do you think this will change the financial situation in developing countries?