Crypto solution provider Ripple has teamed up with African payment fintech Onafriq (formerly MFS Africa) to power seamless cross-border payments for digital assets between Africa and other markets, including the Gulf Cooperation Council (GCC), the UK and Australia.
The company also upgraded its payment services to onboard more corporate clients. Africa is a huge market, but the African banking system is poorly developed. Now, XRP can help bring African banking to a new level.
Ripple Teams up with African Fintech Leader
The GCC is a political and economic union which consists of six sovereign states Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
As part of the collaborative strategy, Onafriq will launch three corridors in the mentioned markets with Pyypl in the GCC, PayAngel in the UK, and Zazi Transfer in Australia. Powered by Ripple Payments technology, those corridors will bring faster, more…
