USDPayment Initiatives Weekly Recap: Tether AI, Steak ‘n Shake Bitcoin Push, XRP in Healthcare, and More
Tether Launches Open-Source AI Project Featuring USDT and Bitcoin Payments
Tether is launching an open-source AI initiative called Tether.AI, which focuses on decentralized artificial intelligence performance without reliance on cloud servers. Central to this project is the "Personal Infinite Intelligence," which allows users to maintain control and privacy over their data. Tether ai features integrated payment capabilities using USDT and Bitcoin, enabling direct transactions for in-app services. This move aims to merge the AI and cryptocurrency sectors while appealing to developers globally to contribute and expand the platform. Although a specific launch date is not yet announced, the project signals Tether's ambition to evolve beyond stablecoins.
Rumble to Launch Non-Custodial Bitcoin Wallet in Q3 2025
Rumble plans to launch a non-custodial Bitcoin wallet in Q3 2025, aimed at empowering content creators and enhancing monetization. In partnership with Tether, the wallet will support peer-to-peer transactions, including Bitcoin and USDT payments. CEO Chris Pavlovski stated the wallet intends to rival Coinbase and become a key player in crypto storage. Earlier this year, Rumble made its first Bitcoin acquisition and secured a $775 million investment from Tether. Despite a 40% decline in stock value this year, Rumble’s initiatives signal a strong commitment to reshaping creator interactions through blockchain technology.
Visa Invests in BVNK to Boost Stablecoin Payment Infrastructure
Visa has invested in BVNK, a stablecoin payment infrastructure provider, following BVNK's $50 million Series B funding round led by Haun Ventures. BVNK processes $12 billion annually and is expanding into the US with new offices in San Francisco and New York. Visa's investment signifies its commitment to incorporating stablecoins into mainstream global payment systems. By partnering with BVNK, Visa aims to enhance the adoption of stablecoin payments. This investment is part of Visa's broader strategy to integrate stablecoin technology across its network, including recent collaborations with other startups to enable stablecoin-linked Visa cards.
Revolut Integrates Lightning Network for Faster Bitcoin Transactions with Lightspark Partnership
Revolut enhanced its Bitcoin payment capabilities by integrating the Lightning Network through a partnership with Lightspark, enabling fast, low-cost transactions. This rollout serves users in the UK and select European Economic Area countries, leveraging Lightspark’s MoneyGrid system, which connects over 300 million users in 140+ countries for optimized cross-border payments. The integration allows near-instant settlements, giving Revolut a competitive edge over traditional banks. Lightspark's CEO, David Marcus, highlighted the initiative as a step towards a modern financial grid, facilitating advancements in crypto payments and reinforcing Revolut’s position in the global fintech landscape.
Steak ‘n Shake to Accept Bitcoin Nationwide from May 16
Steak ‘n Shake will begin accepting Bitcoin at all U.S. locations starting May 16, marking a significant move for crypto adoption in the fast-food industry, which has struggled with high margins. With over 100 million customers set to gain access, this rollout represents one of the rare full-scale implementations of cryptocurrency in fast food, differing from previous pilot programs by other chains. The integration follows a strong social media campaign and engagement from notable figures like Jack Dorsey. Unlike Starbucks and Chipotle, which use conversions to fiat, Steak ‘n Shake's approach could test Bitcoin's real-world usability and speed.
Wellgistics Integrates XRP for Fast, Cost-Effective Payments in Healthcare Supply Chain
Wellgistics, a Florida-based pharmaceutical distribution company, has announced its integration of XRP for real-time payments and treasury management, becoming a pioneer in the healthcare supply chain. This initiative promises to modernize payment systems for pharmacies and suppliers, offering faster transaction speeds—3 to 5 seconds—and lower fees, averaging under one cent, compared to traditional wire transfers that take days and cost up to $30. Wellgistics has secured a $50 million expandable line of credit to support this integration and plans to explore programmable liquidity and on-demand payment systems, enhancing blockchain adoption in the medical supply sector.
This article has been refined and enhanced by ChatGPT.
