Ripple Payment Network to Support Remittances Among 27 African Countries
Ripple has teamed up with UK-based fintech company Onafriq to expand remittance corridors across Africa, the UK, Australia, and the Gulf States. The partnership will use Ripple's private network, Ripple Payments, to offer a faster and more cost-effective alternative to traditional remittance processes. The move is aimed at reducing high fees and slow transaction times for remittance senders, particularly the African diaspora. The partnership highlights the growing acceptance of blockchain">blockchain technology in financial services and comes at a time when Africa is witnessing a surge in mobile money platforms and fintech innovation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Optimism Plans Ethereum Pectra Upgrade for April 2025

XRP Faces Potential Price Collapse Amid Bearish Indicators

World Liberty Financial Completes $550 Million Token Sale

Ethereum’s ETH/BTC Pair Faces Potential Downturn Amid Weak Market Signals for 2025
Trending news
MoreCrypto prices
More








