people · May 21, 2026
Cooperative Bank of Oromia, TerraPay, and Quantoz Launch Blockchain-Based Euro Remittance Settlement for Ethiopia
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Cooperative Bank of Oromia partnered with TerraPay and Quantoz Payments to launch blockchain-based settlement for euro-denominated inward remittances to Ethiopia on May 6, 2026. The initiative combines TerraPay’s cross-border payments network, COOP Bank’s 700+ branches nationwide, and Quantoz’s regulated digital euro infrastructure on the Xahau blockchain. It targets Ethiopia’s annual inbound remittance flows exceeding $5 billion from Europe. TerraPay Founder and CEO Ambar Sur and COOP Bank President and CEO Deribe Asfaw highlighted the collaboration for fast, transparent, and compliant services.
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