Rizon Unveils Innovative Stablecoin App To Spend Stablecoins
Rizon Unveils Innovative Stablecoin App To Spend Stablecoins. Photo By Allison Saeng On Unsplash.
Rizon has officially launched its stablecoin app, designed to provide a seamless way for users to spend digital dollars worldwide. This innovative platform, which is now available in 110 countries, allows users to utilize stablecoins like USDC and USDT through various payment methods, including cards and mobile wallets, according to GlobeNewswire.
The app features a unique non-custodial architecture, meaning that while Rizon manages the complexities of stablecoin transactions in the background, users retain control over their funds. This approach aims to enhance user experience by making stablecoin transactions as straightforward as possible. Ignas Survila, CEO and Co-Founder of Rizon, stated:
"For the first time in history, we're witnessing the rise of a truly internet-native financial system centered around one simple, powerful idea: a dollar in the cloud. A dollar that anyone with a smartphone can access, save, spend, or invest."
Founded by Survila and Laurynas Jokubaitis, both seasoned entrepreneurs in the blockchain space, Rizon aims to democratize access to stablecoins. The app has partnered with several key players to enhance its functionality, including Privy for wallet infrastructure, Rain for payment card issuance and compliance, and Visa to facilitate spending at over 100 million merchants and ATMs globally.
Additionally, Rizon's collaboration with Circle, the issuer of USDC, ensures that users can rely on one of the most trusted digital dollar options available, especially since the passing of the U.S. GENIUS Act allowing for friendlier and clearer regulations towards stablecoins.
Note: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers are reminded to carefully conduct their own due diligence at all times.
This article has been partly researched and aggregated with the help of AI and does not pertain to be an exclusive story. For specific media and public information referenced, please locate it below.
