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XRP Ledger sidechain Xahau is drawing attention following the launch of a blockchain-based settlement service for inward remittances to Ethiopia. TerraPay, a global payments infrastructure company, partnered with Cooperative Bank of Oromia to introduce the initiative.
The program is designed to support euro-denominated remittance flows from Europe into Ethiopia. It was developed in collaboration with the Inclusive Financial Technology Foundation (INFTF).
INFTF and TerraPay worked with Ethiopian financial authorities to establish the regulatory and technical framework for blockchain-based inward remittance settlement.
The initiative’s settlement layer is the Xahau Blockchain, which is positioned as the core infrastructure for processing these inward remittances.
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