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Onafriq Uses Ripple Payments to Foster Cross-Border Payments

Published 11/08/2023, 04:31 PM
Updated 11/08/2023, 04:45 PM
Onafriq Uses Ripple Payments to Foster Cross-Border Payments

  • Ripple partners with Onafriq, enabling cross-border payment services between Africa and other new crypto markets.

  • Onafriq connects with payment giants like PayAngel in the UK, Zazi Transfer in Australia, and Pyypl in the GCC.

  • The partnership aims to facilitate easier and safer cross-border payments, eliminating the traditional system’s challenges.

Ripple announced its alliance with leading payments fintech Onafriq at Swell, Ripple’s annual conference in Dubai. Through the alliance, Ripple aims to extend digital asset-enabled cross-border payments in Africa and several other markets.

As per Ripple’s press release, the CEO of Onafriq, Dare Okoudjou, stated that the partnership focuses on eliminating the challenges of traditional cross-border payments, including unreliability, longer transfer times, and high expenses.

Reportedly, Ripple and Onafriq are partnering to facilitate crypto-enabled cross-border payments between 27 African countries and several other crypto markets, including the United Kingdom, Australia, and the Gulf Corporation Council (GCC). Onfariq connects with three payment companies- PayAngel in the UK, Zazi Transfer in Australia, and…

The post Onafriq Uses Ripple Payments to Foster Cross-Border Payments appeared first on Coin Edition.

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