IvoryPay, a bitcoin payments service with operations in Africa, has been selected to participate in the current round of the worldwide blockchain startup accelerator Crypto Valley VC (CV VC).
The fifth round of the worldwide blockchain startup accelerator run by Crypto Valley VC (CV VC) has recently begun, and nine cutting-edge companies were selected to participate.
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The Essence of Crypto Valley VC
Venture capital companies can be found all over the world, and each one of them is always on the lookout for creative problems to solve and exceptional concepts to back. In the most recent few years, there has been a heightened focus on initiatives within the cryptocurrency sector.
This is due to the fact that solutions based on blockchains are widely regarded as the next significant step in the growth of global technology.
One of the venture capital firms that is committed to investing in cryptocurrency entrepreneurs is called Crypto Valley VC (CV VC). This is accomplished through the company’s accelerator programme, in which it selects prospective blockchain projects that have the potential to become well-known brands in the Web3 industry.
The CVVC batch 5 accelerator is comprised of forward-thinking initiatives originating from all around the world in the fields of payments, web3 development training, regenerative finance, gaming infrastructure, no-code solutions, marketplaces, and BNPL services.
The fact that Ivorypay was chosen as one of the three African ventures that advanced to the next stage is a cause for celebration. The novel solution it offers is designed to make it easier for people on the African continent to make blockchain-based payments both online and offline.
Ivorypay’s primary mission is to make it easier for companies doing business in Africa to send and receive payments within the country and beyond borders.
The Impact of IvoryPay
It is generally known that firms operating in Africa are confronted with a wide variety of obstacles. These problems include the high cost of local and cross-border transactions, restrictions on foreign exchange that apply to dollar-based online purchases, and the uncertainty surrounding the amount of time it will take for a transaction to be completed.
Blockchain technology is the answer to all of these problems that African businesses face, and Ivorypay is providing that solution for them.
Businesses are able to take payments in a secure cryptocurrency by using QR codes, payment links, and checkout buttons thanks to the unique payment solution offered by Ivorypay, which can be used both online and offline.
In addition to this, it offers small and medium-sized enterprises (SMEs) and firms engaged in social commerce a digital storefront through which they may display their wares and collect fast payments in the form of stablecoins for the things they sell.
As a result, the solutions provided by Ivorypay appear to be ideal for the African continent. It provides a safety net for enterprises and removes one of the most significant obstacles that African companies must contend with. It is the most recent development in a long line of breakthrough ideas that have been introduced to improve the economic situation in Africa.
Ivorypay is receiving financial financing from Crypto Valley VC as part of the accelerator programme. Additionally, Crypto Valley VC is offering access to other channels of finance for the company.
Ivorypay is presently participating in the 10-week CVVC boot camp, where it will receive one-on-one mentorship and acquire customised development hacks.
In addition, Ivorypay has been accepted into the CVVC accelerator programme. This is being done with the goal of constructing a reliable blockchain infrastructure that provides a crypto payment option that is viable for African business owners.
Ivorypay is now offered to commercial entities in the countries of Nigeria, Ghana, South Africa, and Kenya. Ivorypay makes it possible for merchants and enterprises in these nations to accept cryptocurrency payments.