TerraPay and Cooperative Bank of Oromia launch blockchain-based settlement for euro remittances to Ethiopia, combining regulated digital euro infrastructure from Quantoz Payments with nationwide banking reach and settlement on Xahau.
INFTF MTU and Quantoz are bringing the regulated euro-backed EURQ stablecoin to the Xahau blockchain, enhancing compliant payments and unlocking new enterprise and cross-border use cases across the network.
The Internet Assigned Numbers Authority (IANA) has officially assigned TCP port 21337 to the Xahau network daemon (xahaud), marking its formal inclusion in the global Internet registry. While not an endorsement, the assignment recognises Xahau’s protocol as part of the broader Internet infrastructure and reinforces InFTF’s standards-aligned development approach.
The Inclusive Financial Technology Foundation (InFTF) has successfully completed the lockup of 250 million XAH tokens, reinforcing its commitment to the long-term growth and stability of the Xahau ecosystem. This initiative underscores InFTF’s dedication to fostering sustainable development and instilling confidence among all stakeholders.
On November 21, 2024, the first-ever digital asset donation to a university in Estonia took place. The non-profit organization InFTF donated 2,000,000 XAH, the main token of the Xahau Network blockchain, to the Development Fund of TalTech – Tallinn University of Technology.
A Memorandum of Understanding (MoU) was signed between the African Union (AU) and the Inclusive Financial Technologies Foundation (InFTF) to advance the work of the AU Peace Fund through the deployment of cutting-edge innovative financial technologies. This collaboration will unlock new pathways for contributions, making it easier and more accessible for individuals and organizations to support peace initiatives in Africa.
COOP Bank of Oromia, one of Ethiopia’s largest banks, has launched a new remittance service powered by the Xahau blockchain network. This service allows the Ethiopian diaspora to send money home quickly, securely, and affordably. InFTF MTÜ, a key supporter of financial inclusion, contributed its expertise in blockchain technology to facilitate this modernised solution, helping COOP Bank bring affordable cross-border transactions to communities across the country.