product · May 21, 2026
TerraPay Cooperative Bank of Oromia and Quantoz Board Blockchain for Ethiopian Remittances
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TerraPay, Cooperative Bank of Oromia and Quantoz launched blockchain-based settlement for inward remittances to Ethiopia on May 6, 2026. The initiative supports euro-denominated remittance flows from Europe and incorporates the Xahau Blockchain as the settlement layer. TerraPay supplies the cross-border payments network, Cooperative Bank of Oromia provides nationwide banking reach, and Quantoz Payments contributes regulated digital euro settlement infrastructure. The project strengthens efficiency, transparency and reliability across the Europe-Ethiopia corridor.
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