Ivorypay Partners with Tether to Enhance Blockchain Payments and Cross Border Remittances in Africa
Ivorypay, a blockchain-based payment and remittance startup in Africa, has made a groundbreaking announcement of a strategic partnership with Tether. This partnership is set to revolutionize digital transactions and cross-border remittances across the continent.
Tether, a leading stablecoin provider, will mint and issue USDT directly to Ivorypay, providing cheaper transactions, stability, and efficiency within the Ivorypay ecosystem. This collaboration will empower businesses and individuals in Africa with more reliable and affordable options for digital transactions.
Oluwatobi Ajayi, CEO of Ivorypay, expressed his excitement about the partnership, stating that it aligns perfectly with their vision of simplifying and securing crypto transactions across Africa. By leveraging Tether’s liquidity and stability, Ivorypay aims to cater to more businesses and individuals across the continent, fostering greater trust and adoption of digital currencies.
With Ivorypay’s growing payment ecosystem and Mansa, its crypto payment app for end users, the partnership with Tether will enhance the reliability and inclusivity of Ivorypay’s blockchain-based financial services. This collaboration is expected to drive further innovation in the African payment sector, introducing more businesses and consumers to the benefits of stable digital transactions.
Aly Madhavji, Managing Partner at Blockchain Founders Fund, praised the partnership, calling it a transformative step for digital transactions in Africa. By integrating USDT into their payment systems, Ivorypay is set to enhance financial inclusivity and streamline cross-border remittances, setting a new standard for stability and efficiency in the region’s financial services.
Overall, the partnership between Ivorypay and Tether represents a significant milestone in the African payment sector, promising to unlock new opportunities for businesses and consumers throughout the continent.
