Ripple Partners with Africa-Focused Remittance and Payments Firm MSF Africa – Fintech Bitcoin News

U.S.-based tech firm Ripple says its crypto solution, dubbed “On-Demand Liquidity,” will help MSF Africa “simplify real-time mobile payments for customers in 35 countries.” Ripple-MSF Africa Partnership With the development of MSF Africa, which has 800 payment corridors across the continent, ostensibly the entire region will have the opportunity to reap the “financial inclusion benefits”.

Enable faster, lower-cost money transfers

U.S.-based technology company Ripple announced on Nov. 14 that it has entered into a partnership with MSF Africa that is expected to help “simplify [MSF Africa’s] Provide real-time mobile payment services to customers in 35 countries. As part of the agreement, MSF Africa, the continent’s leading fintech group, will use Ripple’s crypto solution, On-Demand Liquidity (ODL).

Commenting on MSF Africa’s decision to partner with Ripple, Mobile Financial Solutions CEO Dare Okoudjou said:

MFS Africa’s mission is to reduce border issues when it comes to payments within, to, and from Africa. We are excited to advance this mission through our partnership with Ripple to enable fast, secure and low-cost money transfers at scale.

The CEO added that his company’s partnership with Ripple represents its first attempt to use blockchain technology to “expand our [MSF Africa’s] The impact of the new economy on growing consumers and businesses on the African continent. “

Meanwhile, in their November 14th blog post postalthe Ripple team described the partnership as a “victory for financial inclusion in Africa,” insisting that ODL helps “markets that often struggle to access sources of liquidity.”

The team added that the evolution of Ripple and MSF Africa’s arrangement with 800 payment corridors across the continent will see “the benefits of financial inclusion reaped across the region.”

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Terrence Zinwala

Terence Zimwara is an award-winning journalist, author and author from Zimbabwe. He has written extensively about the economic woes of some African countries and how digital currencies can provide escape routes for Africans.

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