A Nigerian startup focusing on blockchain-based payments and remittances has partnered with Tether, the stablecoin issuer. This partnership aims to bring the advantages of stable digital transactions to more consumers and businesses throughout Africa.
Ivorypay, a Nigerian startup that focuses on blockchain-based payments and remittances, has teamed up with Tether. Through this collaboration, Tether, the stablecoin issuer, can create and distribute USDT directly to Ivorypay. This partnership is expected to lower transaction costs, making transactions more affordable for Ivorypay users and boosting their trust in the platform.
Ivorypay and Tether Partnership
A media statement highlighted that Ivorypay’s collaboration with Tether is poised to stimulate further innovation in Africa’s payment sector. The partnership aims to extend the benefits of stable digital transactions to a broader range of consumers and businesses across the continent.
Oluwatobi Ajayi, CEO of Ivorypay, expressed his views on the strategic partnership with Tether, emphasizing its significance. Ajayi stated that partnering with Tether aligns perfectly with Ivorypay’s vision of simplifying and securing crypto transactions across Africa.
Ivorypay and Tether: Boosting Financial Inclusion
Ajayi highlighted that partnering with the leading stablecoin issuer equips Ivorypay with the liquidity required to cater to a larger audience across the continent. He emphasized that this collaboration will bolster user trust and accelerate the adoption of Ivorypay’s solution among businesses and individuals.
Aly Madhavji, Managing Partner at Blockchain Founders Fund, commended the integration of USDT into Ivorypay’s payment systems, describing it as setting “a new standard for stability and efficiency in the region’s financial services.” Madhavji expressed his organization’s readiness to support Ivorypay in creating new opportunities for African businesses and consumers.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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