Nigerian blockchain payments and remittances startup Ivorypay has partnered with Tether, the issuer of the leading stablecoin USDT. This partnership will enable Tether to create and distribute USDT directly on Ivorypay, providing liquidity for low-cost and stable digital transactions in Africa. Ivorypay CEO Oluwatobi Ajayi believes the alliance aligns with their mission of simplifying crypto transactions in Africa, while Blockchain Founders Fund Managing Partner Aly Madhavji sees it setting "a new standard for stability and efficiency" in African financial services.
Nigerian Blockchain Startup Ivorypay Partners with Tether for Enhanced Cryptocurrency Transactions
Lagos, Nigeria – In a significant move to bolster digital payments and remittances in Africa, Nigerian blockchain startup Ivorypay has forged a strategic partnership with Tether, the issuer of the world's most widely used stablecoin, USDT. This partnership is poised to transform the financial landscape for African businesses, offering increased liquidity, reduced transaction costs, and enhanced stability.
USDT, the leading stablecoin pegged to the US dollar, has gained widespread adoption due to its ability to maintain price stability in the volatile cryptocurrency market. By integrating USDT directly onto its platform, Ivorypay will empower African businesses to seamlessly facilitate cross-border payments, remove the risk of price fluctuations, and offer more predictable and cost-efficient transactions.
Oluwatobi Ajayi, CEO of Ivorypay, hailed this partnership as a pivotal step in fulfilling the company's mission of making crypto transactions in Africa accessible and user-friendly. He expressed confidence that the integration with USDT will instill greater trust among users and drive broader adoption of Ivorypay's solutions.
"We are thrilled to partner with Tether and leverage the power of USDT to provide African businesses with a more stable, cost-effective, and secure way to transact digitally," Ajayi remarked.
Echoing Ajayi's sentiments, Aly Madhavji, Managing Partner at Blockchain Founders Fund, lauded the integration with USDT as a transformative development for African financial services. "This partnership sets a new standard for stability and efficiency," Madhavji asserted. "It demonstrates Ivorypay's commitment to innovation and its position as a leading player in shaping the future of digital payments in Africa."
By harnessing the liquidity and stability of USDT, Ivorypay aims to streamline cross-border transactions, eliminate the need for intermediaries, and foster a more interconnected financial ecosystem for African businesses. The partnership is expected to facilitate faster, cheaper, and more reliable payments, reducing barriers to international trade and boosting economic growth.
The integration with Tether builds on Ivorypay's existing suite of blockchain-powered solutions, which include a non-custodial wallet, peer-to-peer exchange, and bill payment services. By offering a comprehensive range of crypto-related services, Ivorypay empowers African businesses to participate in the global digital economy and access new opportunities for growth.
