IvoryPay, Stablecoin Crypto payments for Africa, Receives Undisclosed Strategic from Hedera

March 6, 2025

Ivorypay, a stablecoin payments platform, has secured a strategic investment from Hedera, a decentralized ledger network. While financial details were not disclosed, the investment includes both capital infusion and a collaborative effort to integrate Hedera’s distributed ledger technology into Ivorypay’s platform. As part of the agreement, a representative from Hedera will also join Ivorypay’s board of advisors.

The company provides crypto payment APIs that facilitate stablecoin transactions for businesses, allowing them to accept digital payments while receiving fiat currency through automated backend conversions. Ivorypay has processed $80 million in transaction volume and onboarded 8,000 merchants across four countries. With Hedera’s support, the company intends to expand its services into new African markets, including Ghana, Kenya, and South Africa.

This investment aligns with Hedera’s broader strategy of supporting blockchain-based financial infrastructure. By incorporating Hedera’s distributed ledger technology, Ivorypay aims to strengthen its payment solutions and enhance transaction efficiency. The partnership reflects ongoing efforts to develop blockchain-based financial services in emerging markets, where digital payment adoption continues to grow.

About Ivorypay

Ivorypay is a stablecoin payments platform designed for businesses seeking to accept digital assets while settling transactions in fiat currency. Its payment APIs and gateway solutions streamline the process of receiving stablecoin payments, with automated conversions handled on the backend. The company currently operates in four countries and plans to expand across Africa.

Website: https://www.ivorypay.io/ 

X: @ivorypay

About Investor

Hedera

Hedera is a decentralized public ledger designed for enterprise applications, offering scalability, security, and low-cost transactions. Utilizing hashgraph consensus, the platform supports various blockchain use cases, including finance, digital identity, and supply chain management.

Location: Las Vegas, NV

Website: https://hedera.com/

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