- African digital payments network MFS Africa has rebranded as “Onafriq”.
- The new name “Onafriq” was chosen to resolve trademark issues with an unrelated American company.
- MFS Africa is a partner of Ripple and utilizes Ripple’s On-Demand Liquidity (ODL).
MFS Africa, fast-growing African digital payments network partnered with Ripple, has rebranded as “Onafriq”, according to XRP influencer WrathofKahneman.
In a post on X, WrathofKahneman noted that MFS Africa is a partner of blockchain company Ripple using its On-Demand Liquidity (ODL) solution. MFS Africa, which stands for Mobile Financial Services, is also part of the Pan-African Payment and Settlement System (PAPSS).
MFS-Africa, a #Ripple partner (ODL) has rebranded to "Onafriq". ("MFS" belongs to a US confusing things). They are a key large payment platform and a part of the Pan-African Payment and Settlement System (PAPSS). CEO Dare Okoudjou is a SWELL '23 speaker.https://t.co/4o61c6ucZS— WrathofKahneman (@WKahneman) November 1, 2023
However, as WrathofKahneman pointed out, the trademark for MFS belongs to an unrelated American company, complicating things for MFS Africa. The payments network has r…
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