In a move set to redefine global payments, Chimoney, the Toronto-based, Techstars-backed fintech, unveils its strategic integration with the Interledger Foundation (ILF) — a partnership that promises unparalleled financial inclusion and innovation. This strategic alliance is poised to reshape the landscape of cross-border transactions through the integration of Interledger Protocol (ILP) to Chimoney and bring Mobile Money, Airtime, Gift Cards, and Bank cash out to the Interledger ecosystem.

Harnessing the power of ILP, Chimoney will deliver seamless transactions across diverse payment networks, from traditional banking systems to emerging blockchain platforms. This integration seeks to democratize financial services, mirroring the internet's universal accessibility via the TCP/IP protocol.

Uchi Uchibeke, CEO of Chimoney, expressed, "Our vision at Chimoney has been steadfast - to unlock global economic opportunities by eliminating financial barriers. The integration of the Interledger Protocol is a monumental stride. It's set to revolutionize financial transactions, enabling swift exchanges across any currency or network, akin to how the internet democratized information."

Since its inception, Chimoney has championed financial empowerment and inclusion. With support now in 100 countries and constant innovations, Chimoney shines in the fintech realm, aiming to unify global payment networks.

When asked about the partnership with Chimoney, Briana Marbury, the CEO and President of the Interledger Foundation, said, “We are excited to have awarded the ILP Financial Services grant to Uchi Uchibeke, founder of Chimoney. Our partnership with Chimoney creates more opportunities to further the goals of global financial inclusion. We are also looking forward to Uchi speaking at our Interledger Summit this year in Costa Rica, where he and many other innovators in this space will share their insights."

The integration of the Interledger Protocol, coupled with collaborations with licensed financial service providers, underscores Chimoney's leading-edge drive in fintech. This move highlights Chimoney's dedication to providing top-tier solutions, ensuring unmatched efficiency in its platform. With the enhanced capabilities of Chimoney's ILP-powered platform, businesses can expect streamlined payouts, further solidifying Chimoney's reputation as the prime choice for global payouts.