Trillion

Partner

<p>The post <a href="https://coinpedia.org/news/ripples-arrival-in-the-african-market-as-xrp-aims-to-capture-a-2-7-trillion-fintech-market/">Ripple Arrives in Africa! Onafriq Partnership to Capture $2.7 Trillion Market</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Diving into the exciting world of blockchain, <a href="https://coinpedia.org/news/xrp-was-profitable-before-the-secs-lawsuit-pro-ripple-lawyer-unveils-secs-lies/">Ripple</a> is making big moves in Africa by teaming up with Onafriq. This strategic partnership reflects Ripple’s goal to tap into a massive $2.7 trillion market in Africa’s booming fintech scene.</p> 
<p>What’s next for the crypto giant? Read on to explore! </p> 
<h2 class="wp-block-heading" id="h-fintech-wave-in-africa">Fintech Wave in Africa</h2> 
<p>Africa, a major player in global business, is seeing a boom in its fintech sector, especially in payments. Financial experts predict that Africa’s financial services revenue will jump to a whopping $230 billion in the next two years. This surge is powered by more people using fintech, a growing number of folks with mobile phones, and a rising interest in digital banking.</p> 
<h2 class="wp-block-heading" id="h-ripple-and-onafriq-join-hands">Ripple and Onafriq Join Hands</h2> 
<p>On November 8th, as reported by <a href="https://coinpedia.org/crypto-live-news/ripple-partners-with-onafriq-for-african-remittance-expansion/">Coinpedia</a>, Ripple and Onafriq joined hands to tackle common challenges in moving money across borders. These challenges include high fees, slow settlement times, and limited access to regular banking.</p> 
<p>Onafriq, with its big network connecting millions of mobile wallets across a chunk of Africa, is a key player in making financial services more accessible.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">With promising fintech growth and increasing consumer demand for digital banking, Africa represents a bright opportunity for the finance sector. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30d.png" alt="🌍" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Discover the estimated 2.7T market opportunity in our new Faster Payments into Africa Quick Guide: <a href="https://t.co/zo7WYpekBJ">https://t.co/zo7WYpekBJ</a></p>— Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1731772878612255172?ref_src=twsrc%5Etfw">December 4, 2023</a>
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<p>This Ripple and Onafriq partnership could bring real benefits across the whole African region, fitting right into Ripple’s big plan in the $2.7 trillion market.</p> 
<p>Read More About This: <a href="https://coinpedia.org/crypto-live-news/ripple-partners-with-onafriq-for-african-remittance-expansion/">Ripple Partners with Onafriq for African Remittance Expansion!</a></p> 
<h2 class="wp-block-heading" id="h-africa-s-growth-in-the-global-economy">Africa’s Growth in the Global Economy</h2> 
<p>As Africa establishes itself in the world economy, there’s a unique chance for banks to find new ways to make money by getting in on the region’s fast growth. Leading countries like South Africa, Nigeria, Kenya, Ghana, and Egypt are leading the way in changing how people make payments, as Ripple points out.</p> 
<p><strong>Nigeria’s Special Situation</strong></p> 
<p>Especially in Nigeria, where a whopping 73% of adults have mobile phones but don’t use credit cards much, there’s a big opportunity for the financial industry to step in. This opens the door for new ideas and making finance more accessible, creating the perfect ground for Ripple and Onafriq to make a difference.</p> 
<p>In a nutshell, Ripple’s move into Africa, thanks to its partnership with Onafriq, is set to reshape how we handle money across the continent. </p> 
<p>This Might Interest You: <a href="https://coinpedia.org/news/ripple-news-u-s-federal-reserve-examines-xrps-role-in-cbdcs/">Ripple News: Federal Reserve Examines XRP’s Role in CBDCs</a></p>

Ripple Arrives in Africa! Onafriq Partnership to Capture $2.7 Trillion Market

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