Xahau, an XRP Ledger sidechain, has launched a blockchain-based remittance service in Ethiopia through a partnership with TerraPay and the Cooperative Bank of Oromia. This initiative enables euro-denominated transfers from Europe, marking a significant expansion of the XRP ecosystem into regulated cross-border payment infrastructure. The project, developed with the Inclusive Financial Technology Foundation, required collaboration with Ethiopian financial authorities to establish necessary technical and regulatory frameworks.
The launch represents a major milestone for Xahau, enhancing its utility beyond traditional blockchain transactions. It positions the sidechain within a regulated financial use case, addressing settlement delays and operational costs in the remittance sector. This development coincides with increased institutional activity in the XRP Ledger ecosystem, including recent leadership changes and technical upgrades aimed at strengthening network growth and coordination.
XRP Sidechain Xahau Launches Remittance Service in Ethiopia via TerraPay
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