Tether and Rezolve Ai share the vision of creating crypto

• Rezolve Ai is backed by Tether to make cryptocurrencies mainstream for everyday purchases
• Rezolve Ai addresses the global burden of more than $600 billion per year in merchant payment processing fees
• Rezolve Ai plans to set a new global standard for retail payments through innovation, accessibility and sustainability

LONDON, Dec. 4, 2024 (GLOBE NEWSWIRE) — Rezolve Ai (NASDAQ: RZLV), a global leader in AI-powered trading solutions, announces a groundbreaking new product developed with the support of Tetherthe largest company in the digital asset industry, is revolutionizing retail payments. Rezolve Ai will integrate Tether’s WDK (Wallet Development Kit), an open-source crypto wallet library, into its Brain Checkout platform, with the aim of making cryptocurrencies a mainstream payment method for everyday purchases, eliminating burdensome merchant fees and to create a seamless cryptocurrency payment system for consumers and retailers alike. The integration allows users to purchase groceries, meals, and transportation with a single tap.

Making cryptocurrency mainstream for everyday purchases
By integrating WDK by Tether with Rezolve Ai’s Brain Checkout platform, consumers will be able to use cryptocurrencies just as easily as cash or credit for routine transactions – groceries, coffee, transportation and more. The integration unlocks the full potential of cryptocurrencies – such as USD₮, Bitcoin and others – making them a convenient and accessible payment option for anyone, anywhere.

Tether has launched WDK by Tether, an open source toolkit for developers to create Bitcoin and USD₮ wallets for use by humans, AI and robots. This integration will create a powerful new crypto payments ecosystem.

Paolo Ardoino, CEO of Tether, explained:
“We are pleased that Rezolve Ai is partnering with Tether to integrate Tether’s WDK into its brain suite of products to enable consumers and retailers seamless cryptocurrency payments for everyday transactions. By embedding crypto capabilities into everyday shopping experiences, Rezolve is breaking down barriers. “We are excited to help Rezolve Ai build a system that benefits consumers and retailers alike.”

With 400 million users already using USD₮ of Tether, the most widely adopted stablecoin, and a growth rate of 35 million new wallets created every quarter, Rezolve’s decision to partner with Tether positions us at the forefront of adoption of cryptocurrencies into everyday activities of consumers.

Eliminate dealer fees to empower retailers
Merchants around the world spend over $600 billion annually on credit card and payment processing fees, significantly impacting profitability. Rezolve plans to launch a fee-free payment system for merchants that will completely eliminate these costs. Retailers are given a compelling reason to accept cryptocurrency payments, allowing them to generate higher revenue while providing consumers with a seamless checkout experience.

Daniel M. Wagner, CEO of Rezolve Ai, said:
“We are working to eliminate merchant fees and unlock the potential of AI and cryptocurrency to reshape the global payments landscape. By combining Tether’s knowledge and expertise, crypto’s massive consumer base and its advanced technology with Rezolve’s Brain Checkout, we plan to offer retailers a frictionless, fee-free payment solution and enable consumers to use cryptocurrencies for everyday purchases. We are pioneering a game-changing solution that will transform the $30 trillion retail sector.”

Delivering breakthrough technology for retail
This integration introduces transformative innovations designed to benefit merchants and consumers alike:

• Fee-free merchant transactions: Unlike traditional payment methods, this solution aims to eliminate payment processing fees, creating a disruptive incentive for retailers to adopt the system and encourage customer usage.
• Real-time crypto to fiat conversion: We plan to work with exchanges to perform instant crypto-to-fiat conversions, with funds credited to traders in fiat at regular intervals. This seamless process improves the user experience for both consumers and retailers.
• Global scalability: A blockchain-based, AI-driven platform that easily integrates with retailers’ existing apps and websites.
• Consumer Friendly Wallets: Tether’s WDK will be integrated directly into Rezolve’s apps and partner merchant platforms, allowing users to load and use cryptocurrency for purchases with live synced balances.

Setting a new standard for retail payments
Tether and Rezolve are both committed to making cryptocurrencies as ubiquitous as cash or credit. By eliminating inefficiencies in legacy payment systems and promoting financial inclusion, this shared vision sets a new standard for innovation, accessibility and sustainability in retail payments. To this end, Rezolve aims to leverage Tether’s technology to reshape the $30 trillion global retail market and empower businesses and consumers worldwide.

For more information on this announcement, please visit www.rezolve.com.

About Rezolve Ai
Rezolve Ai (NASDAQ: RZLV) is a leading provider of AI-powered commerce and retail solutions focused on transforming customer engagement, streamlining transactions and driving revenue growth. The company’s Brain Suite products – Brain Commerce, Brain Checkout and Brain Assistant – harness the power of AI to deliver personalized, frictionless shopping experiences and improve business outcomes for retailers and brands worldwide. By partnering with industry giants like Tether, Microsoft, and Google, Rezolve is pioneering the future of commerce. For more information, see www.rezolve.com.

About Tether and USD₮
Tether is a pioneer in the field of stablecoin technology, driven by the goal of revolutionizing the global financial landscape. With a mission to provide accessible and efficient financial, communications, artificial intelligence and energy infrastructure. Tether enables greater financial inclusion and communications resilience, driving economic growth and empowering individuals and businesses alike.

As the creator of the largest, most transparent, and most liquid stablecoin in the industry, Tether is dedicated to building sustainable and resilient infrastructure to benefit underserved communities. By using cutting-edge blockchain and peer-to-peer technology, the company is committed to bridging the gap between traditional financial systems and the potential of decentralized finance. For more information, see www.tether.io.

Media contact:
Resolve Ai
Urmee Khan
Global Head of Communications
[email protected]
+44 7576 094 040

Investor Relations Contact:
CORE IR
+15162222560
[email protected]

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1996. Actual results of Rezolve Ai Limited (“Rezolve”) may differ from its expectations, estimates and projections and therefore should You should not rely on these forward-looking statements as predictions of future events. Words like “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “Believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, among other things, Rezolve’s expectations regarding revenue from its co-selling agreements and descriptions of future performance. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated. Forward-looking statements in this press release contain Rezolve’s expectations. You should carefully consider the “Risk Factors” section of Rezolve’s amended registration statement on Form F-4 (File No. 333-272751) filed with the Securities and Exchange Commission (“SEC”) on July 5 , 2024, and declared effective by the SEC on July 9, 2024 (the “Registration Statement”) and its subsequent filings with the SEC. This material identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are beyond Rezolve’s control and are difficult to predict. Factors that could cause such differences include, but are not limited to: (1) competition, Rezolve’s ability to grow and manage growth profitably and to retain management and key employees; (2) Costs related to Rezolve’s completed business combination with Armada Acquisition Corp. I; (3) changes in applicable laws or regulations; and (4) economic weakness, market trends, uncertainty and other conditions in the markets in which Rezolve operates, as well as other factors beyond its control, such as inflation or rising interest rates. Rezolve cautions that the foregoing list of factors is not exclusive and that undue reliance should not be placed on forward-looking statements, including forecasts, which speak only as of the date on which they are made. Neither Rezolve nor any other party (including Tether) undertakes or assumes any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances to which such statements relate.

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