Ivorypay partners with Tether to boost crypto payments in Africa

Written by Delisha Fernandez

April 22, 2024

  • blockchain payment
  • Cross-border remittance
  • cryptocurrency payment

Ivorypay, an African blockchain-based payments and remittance startup, has announced a strategic partnership with. tether.

This partnership marks a significant milestone as Tether will mint and issue USDT directly on IvoryPay, enhancing cheaper transactions, stability and efficiency within the IvoryPay ecosystem across Africa.

This partnership aims to provide more reliable and affordable digital trading options to businesses and individuals across Africa. Leveraging Tether’s wide acceptance and stability, Ivorypay provides a buffer against the volatile nature of cryptocurrencies, and provides an easy way to utilize digital currencies for everyday transactions and cross-border remittances. Increase user trust.

Mr. Oluwatobi Ajayi, CEO of Ivorypay“Partnering with Tether is a strategic move that aligns perfectly with our vision to simplify and secure cryptocurrency transactions across Africa. This will enable us to reach more businesses and individuals across the continent. We believe this will significantly increase user trust and increase adoption rates across the platform. ”

As payment ecosystems such as Ivorypay for businesses and Mansa, a crypto payment app for end users, grow, this partnership strengthens the credibility and inclusivity of Ivorypay’s blockchain-based financial services across the continent. will be significantly improved. The partnership between Ivory Pay and Tether is expected to drive further innovation in Africa’s payments space by bringing the benefits of stable digital transactions to more businesses and consumers.

“This strategic partnership between Ivorypay and Tether is a transformative step for digital transactions across Africa.” Aly Madhavji, Managing Partner, Blockchain Founders Fund. “By integrating USDT into its payment system, Ivorypay is poised to strengthen financial inclusion, streamline cross-border remittances, and set new standards for stability and efficiency in financial services in the region. We are excited to support Ivorypay in its efforts to bring new opportunities to businesses and consumers across Africa.”

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