Tether has invested $1.5 million in Sorted Wallet, a platform designed to improve crypto accessibility in emerging markets, particularly in Africa and Southern Asia.
The collaboration aims to enhance financial inclusion by providing non-custodial crypto wallets that work on low-powered smartphones and feature phones, targeting users with limited access to advanced technology.
With many emerging market users lacking high-end smartphones, Tether’s investment in Sorted Wallet addresses this gap by offering crypto solutions for basic mobile devices.
Stephen Browne, CEO of Sorted Wallet, highlighted the importance of making financial tools accessible to everyone, stating, “Financial empowerment should not depend on owning the latest smartphone.”
By designing wallets for simpler devices, Sorted Wallet opens the door for millions to participate in the digital economy, providing a critical link for underbanked populations to manage their finances securely.
Tether’s investment aligns with its broader goal of promoting financial empowerment through crypto. Paolo Ardoino, Tether’s CEO, emphasized that this partnership “unlocks new opportunities” for underserved communities.
Sorted Wallet’s non-custodial approach allows users to maintain full control of their assets, ensuring safe and secure crypto management.
