Kingdom

United

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 The deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partners.
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<div class="cointelegraph">
 <p>Ripple will power new <a rel="noopener noreferrer nofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a> <a rel="noopener noreferrer nofollow" title="corridors" href="https://thebittimes.com/tag/corridors.html">corridors</a> between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile <a rel="noopener noreferrer nofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a>s provider Onafriq.</p>
 <p>Onafriq will use Ripple Payments' blockchain technology along with with three <a rel="noopener noreferrer nofollow" title="partner" href="https://thebittimes.com/tag/partner.html">partner</a>ing companies. Zazi Transfer will provide transfer services to Australia, PayAngel will serve the U.K. and Pyypl will serve GCC member states Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.</p>
 <p>Remittances make up a large part of cross-border <a rel="noopener noreferrer nofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a>s to Africa. Ripple senior vice president of global customer success Aaron Sears told Cointelegraph:</p>
 <blockquote>
  “Sub-Saharan Africa has proven to be a bright spot of crypto adoption, with consumers in countries like Nigeria, Kenya, and South Africa employing digital assets for real-world, day-to-day purposes.”
 </blockquote>
 <p>Pyypl is already a Ripple partner in its on-demand liquidity (ODL) solution, and Onafriq is reported to have integrated ODL as well.</p>
 <p><strong><em>Related: Hashing It Out: What happens when crypto meets fintech in Africa?</em></strong></p>
 <p>Onafriq was known as MFS Africa until early November. It changed its name because of its purchase of U.S. mobile <a rel="noopener noreferrer nofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a> software developer Global Technology Partners in June 2022. MFS is a trademarked company name in the United States. Onafriq struck a deal with Western Union on cross-border transactions earlier this year.</p>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">It’s great to see you all in Dubai! <br>Day 1 of #RippleSwell kicks off tomorrow. pic.twitter.com/QTVGniRlBx</p>— Ripple (@Ripple) November 7, 2023
 </blockquote>
 <p>Ripple Payments was known as RippleNet before its latest upgrade, which was announced at Ripple’s Swell customer event in Dubai on Nov. 8.</p>
 <p><strong><em>Magazine: Crypto Banter’s Ran Neuner says Ripple is ‘despicable,’ tips hat to ZachXBT: Hall of Flame</em></strong></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-onafriq-partner-for-new-payment-corridors-for-africa-uk-australia-and-gulf-tbt69443.html">https://thebittimes.com/ripple-onafriq-partner-for-new-payment-corridors-for-africa-uk-australia-and-gulf-tbt69443.html</a></p>

Ripple, Onafriq partner for new payment corridors for Africa, UK, Australia and Gulf

TheBitTimes

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