Ivorypay, a Nigerian business specializing in blockchain transactions for payments and remittances, has teamed up with Tether, the organization responsible for creating the popular stablecoin USDT.
Through this collaboration, Tether can now produce and disseminate its USDT stablecoin straight onto Ivorypay. This results in increased liquidity, ultimately leading to cheaper and more stable digital transactions for African businesses.
According to Oluwatobi Ajayi, Ivorypay’s CEO, this partnership perfectly matches Ivorypay’s goal of streamlining cryptocurrency transactions in Africa. He is confident that as a result, users will feel more assured and ultimately choose Ivorypay’s offerings.
Following this development, Aly Madhavji, managing partner at Blockchain Founders Fund, expressed his view that integrating with USDT raises the bar for both stability and effectiveness in African financial services. Moreover, he endorsed Ivorypay.
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2024-04-21 13:40