Ivorypay and Tether Join Forces to Boost Crypto Payments in Africa

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."

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.

(Source: Finextra)