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Ripple Partner MFS Africa Rebrands to Onafriq Amid Trademark Overlap

Published 11/03/2023, 12:25 AM
Updated 11/03/2023, 12:45 AM
© Reuters.  Ripple Partner MFS Africa Rebrands to Onafriq Amid Trademark Overlap

  • 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).

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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