Ivorypay Announces Strategic Partnership with Tether to Boost Crypto Payments in Africa

April 18, 2024 10:14 PM AEST | By EIN Presswire
 Ivorypay Announces Strategic Partnership with Tether to Boost Crypto Payments in Africa
Image source: EIN Presswire
LAGOS, NIGERIA, April 18, 2024 /EINPresswire.com/ -- Ivorypay, a leading blockchain-based payment and remittance startup in Africa has announced a strategic partnership with Tether, the company behind the world’s most widely used stablecoin, USDT. This collaboration marks a significant milestone as Tether will mint and issue USDT directly to Ivorypay, enhancing cheaper transactions, stability and efficiency within the Ivorypay ecosystem across Africa.

This partnership is set to empower businesses and individuals across Africa with more reliable and affordable options for digital transactions. Ivorypay will leverage Tether’s widespread acceptance and stability to provide a buffer against the often-volatile nature of cryptocurrencies, thus fostering greater confidence among users in utilizing digital currencies for daily transactions and also for cross-border remittances.

Oluwatobi Ajayi, CEO of Ivorypay, expressed enthusiasm about the partnership, stating, “Partnering with Tether is a strategic move that aligns perfectly with our vision of simplifying and securing crypto transactions across Africa. It gives us easy access to the liquidity we need to cater to more businesses and individuals across the continent and to do that cheaper and faster than anybody else, which we believe will significantly enhance user trust and increase adoption rates across our platforms.”

With a growing payment ecosystem like Ivorypay for business and also Mansa, its crypto payment app for end users, the partnership will significantly enhance the reliability, and inclusivity of Ivorypay’s blockchain-based financial services across the continent. Ivorypay’s partnership with Tether is expected to drive further innovation in the African payment sector by introducing more businesses and consumers to the benefits of stable, digital transactions.

"This strategic partnership between Ivorypay and Tether represents a transformative step for digital transactions across Africa," said Aly Madhavji, Managing Partner at Blockchain Founders Fund. "By integrating USDT into their payment systems, Ivorypay is poised to enhance financial inclusivity and streamline cross-border remittances, setting a new standard for stability and efficiency in the region's financial services. We are excited to support Ivorypay as they work to unlock new opportunities for businesses and consumers throughout Africa."

About Ivorypay
Ivorypay is a blockchain-based payment and remittance startup that enables businesses and individuals in Africa to transact seamlessly across borders using cryptocurrencies. With a focus on innovation and security, Ivorypay is dedicated to enhancing the accessibility and usability of cryptocurrencies to promote financial fluidity across the continent.

About Tether
Tether is the company behind USDT, the first and most well-established stablecoin in the cryptocurrency market, pegged 1-to-1 with the US dollar. Tether combines digital currency benefits with the stable value of traditional currencies, fostering a robust environment for digital transactions worldwide.

Oluwatobi Ajayi
Ivorypay
[email protected]
Visit us on social media:
Twitter
LinkedIn


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.