We had a guest in the office yesterday! José from INFTF stopped by to talk through where things could go next. We've worked together before, his efforts were instrumental in getting the TerraPay and Coop Bank partnership off the ground, and that set a good foundation. This time, the conversation was broader. Future corridors, how Xahau fits into the picture, and what a longer-term relationship could actually look like in practice. Thank you so much for stopping by José. It was a pleasure to see you in person.

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Coopbank and TerraPay Launch Blockchain-Based Remittance Settlement to Enhance Cross-Border Transfers Addis Ababa, Ethiopia — Coopbank in partnership with global payments infrastructure company TerraPay, has announced the launch of a blockchain-based settlement system for inward remittances to Ethiopia. This initiative marks a significant step toward faster, more transparent, and more reliable cross-border financial services. Ethiopia, one of Africa’s largest remittance-receiving countries with inflows exceeding USD 5 billion annually, is undergoing financial sector reforms aimed at improving efficiency and transparency in foreign exchange and cross-border payments. The initiative supports euro-denominated remittance flows from Europe by combining TerraPay’s global cross-border payments network, Coopbank’s nationwide banking reach, and regulated digital euro settlement infrastructure provided by Quantoz Payments. Together, these components enhance efficiency, transparency, and reliability across the remittance corridor. By integrating advanced digital settlement mechanisms with Coopbank’s extensive banking network, the bank continues to strengthen its position as a leading digital financial services provider. The initiative also extends the reach of inward remittances across Ethiopia’s domestic financial system, supporting households and communities nationwide while remaining fully aligned with local banking and regulatory requirements. This aligns with Coopbank’s purpose of empowering communities and transforming lives. Coopbank CEO Mr. Deribie Asfaw stated that inward remittances are vital to both households and the wider economy. “Through this collaboration, Coopbank enhances its role as a leading digital bank, delivering secure, fast, and fully compliant remittance services while supporting financial inclusion and expanding access to reliable financial solutions nationwide.” TerraPay CEO Ambar Sur noted that the collaboration delivers infrastructure that is faster and more reliable for diaspora remittances and can be extended to other global corridors. Quantoz CEO Arnoud Star Busmann highlighted that regulated digital euro instruments enable transparent and compliant settlement while reducing the need for costly pre-funding. The initiative is supported by the Inclusive Financial Technology Foundation (INFTF), which said it lays the foundation for modernizing cross-border settlement infrastructure and expanding financial inclusion in emerging markets.

@TerraPay , @Coopbankoromia , and @Quantoz launch regulated digital remittance flows from Europe to Ethiopia, with settlement on @XahauNetwork . The project gives near total coverage of the entire country, across multiple banks and mobile wallet operators, helping boost inward remittances. Read more: inftf.org/news/blockchain-se…

We have released a new introductory course for developing on the @XahauNetwork. The course covers theory, and includes scripts that can be run directly from your IDE. Course: learnxahau.inftf.org/ Repository: github.com/INFTF/xahau-cours…