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Blockchain Rails Go Live for Ethiopia Euro Remittances via TerraPay
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Blockchain Rails Go Live for Ethiopia Euro Remittances via TerraPay
TerraPay and Cooperative Bank of Oromia have launched blockchain-based settlement for inward remittances to Ethiopia. The system supports euro-denominated flows from Europe and combines TerraPay’s cross-border payments network, COOP Bank’s domestic banking infrastructure, and digital euro settlement provided by Quantoz Payments. Ethiopia receives more than US$5 billion in annual remittances. The launch comes alongside ongoing foreign exchange re…
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