May 23, 2024
Altcoins News

Tether Invests in Medical Technology with Blackrock Neurotech

Tether, the operator of the world’s largest stablecoin USDT, has ventured into a new realm with a strategic investment in Blackrock Neurotech, a pioneer in brain-computer-interface (BCI) technology.

Revolutionizing Healthcare Through BCI

Founded in 2008, Blackrock Neurotech specializes in developing advanced brain-computer interfaces aimed at assisting individuals with paralysis and neurological disorders. Their technology enables patients to control robotic arms, wheelchairs, and even drive cars using their thoughts.

In 2016, Blackrock Neurotech gained attention as the patient, Nathan Copeland utilized his Blackrock BCI to interact with President Barack Obama.

In 2016, President Obama met Copeland at the White House Frontiers Conference held at the University of Pittsburgh. Source: Tech Briefs

Investment and Future Prospects

Tether’s $200 million investment in Blackrock Neurotech aims to fund the commercialization of medical solutions that have already shown promise in improving the lives of over 40 individuals.

This investment will also bolster research and development efforts, ensuring Blackrock Neurotech remains at the forefront of BCI innovation.

According to Tether CEO Paolo Ardoino, this investment marks the beginning of Tether’s journey into supporting projects that push the boundaries of technological innovation and human potential. He emphasized the importance of technology enhancing the human experience, rather than simply complementing it.

Partnership for Progress

Blackrock Neurotech co-founder Florian Solzbacher expressed gratitude for Tether’s commitment to advancing technology that benefits humanity. He emphasized the importance of visionary partners like Tether in their mission to restore functions in those with neurological disorders.

This investment follows Tether’s recent announcement of four new business divisions, indicating the company’s expanding interests beyond the realm of stablecoins.

Tether’s foray into the medical technology sector signals a strategic diversification of its investment portfolio. Moreover, the investment highlights its commitment to supporting groundbreaking innovations that improve lives.

Image by rawpixel.com on Freepik

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