Tether, the stablecoin issuer, and a Nigerian business that specialises in blockchain-based payments and remittances have partnered.

It is anticipated that the agreement will benefit more customers and companies throughout the African continent by providing stable digital transactions.

The Tether and Ivorypay Partnership Sees to Increase User Confidence

Tether and Ivorypay, a Nigerian startup focused on blockchain-based payments and remittances, have partnered.

Through this partnership, the stablecoin issuer can manufacture and distribute USDT to Ivorypay directly. It's expected that the agreement will make transactions more economical, which will boost Ivorypay users' confidence.

According to a press release, Ivorypay and Tether's partnership will likely lead to more innovation in the African payment market.

Additionally, the alliance is anticipated to increase the benefits of reliable digital transactions to more customers and companies throughout the continent.

Ivorypay CEO Oluwatobi Ajayi made the following remarks regarding the Nigerian startup's "strategic" alliance with Tether: Joining forces with Tether is a calculated decision that perfectly fits with our goal of making cryptocurrency transactions in Africa easier and more secure.

Ajayi said that Ivorypay has the liquidity it needs to service more companies and individuals throughout the continent thanks to its partnership with the top stablecoin issuer.

The CEO added that this collaboration will eventually boost consumer confidence and quicken the uptake of Ivorypay's product.

The collaboration was also discussed by Blockchain Founders Fund Managing Partner Aly Madhavji.

Ivorypay's payment systems now incorporate USDT, he claimed, setting "a new standard for stability and efficiency in the financial services in the area.

Madhavji went on to say that his company is ready to assist Ivorypay in its endeavours to open up new markets for African consumers and companies.