Tether bets on Africa: 500 million users thanks to Kotani Pay!
Tether reaches 500 million users and invests in Kotani Pay to promote digital payments in Africa and streamline international transfers.

Tether bets on Africa: 500 million users thanks to Kotani Pay!
Competitive pressures are growing in the digital payments space, and Tether has taken a significant step to expand its presence on the African continent. With the recent announcement that the company now has 500 million users, Tether is investing in the Kenyan platform Kotani Pay. This investment aims to improve access to digital payments in Africa and reduce the cost and time of international money transfers.
In a world where financial inclusion is becoming increasingly important, Tether plans to integrate its USDT token with mobile money and banking networks in Africa. Kotani Pay plays a crucial role in this as the platform specializes in connecting digital assets such as USDT with local payment methods. Tether CEO Paolo Ardoino highlighted Kotani Pay's vision and regional presence, describing it as ideal for Tether's corporate goals in the region.
Growth of the digital payments market
Tether's investment comes as a report from Chainalysis reports an impressive 52% increase in on-chain transaction volume in sub-Saharan Africa. Within a year, the volume exceeded $205 billion. The drivers of this growth are often small business owners and individuals who use digital assets to hedge against inflation and unstable local currencies.
The use of cryptocurrencies as an anchor of stability and a means of making payments and transfers is on the rise in many African countries. As part of its initiative, Tether has also released a documentary that features local traders in Kenya who use USDT for international payments and families who receive remittances.
Consequences for the African continent
Tether's commitment shows the potential of digital currencies to reduce economic barriers and make financial services easier for many people. By becoming active in Kenya, Tether aims to leverage existing infrastructure while further encouraging cryptocurrency adoption.
Overall, Tether's investment in Kotani Pay is not only a strategic move to expand its user base, but also a sustainable advancement of the digital financial landscape in Africa. By creating cheaper and more efficient remittance methods, this effort could have far-reaching positive impacts on regional economies.
Developments in this space remain exciting and it will be interesting to see how the partnership between Tether and Kotani Pay unfolds and what further innovations emerge in the African digital payments markets.