Ripple and Onafriq are teaming up to revolutionize payments in Africa

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Ripple, the popular payment solutions company, has announced a strategic collaboration with Onafriq, a fintech company with a presence in 40 African markets. This alliance seeks to transform the cross-border payments landscape, connecting Africa to a variety of global markets.

Connecting Markets: A Bridge to Africa

Ripple’s payments technology, which leverages cryptocurrencies, will be the foundation for Onafriq by creating payment corridors between 27 African countries and key regions such as the UK, Australia and the Gulf Cooperation Council (GCC). The Gulf Cooperation Council is an intergovernmental body representing the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait, and plays an important role in regional economic cooperation.

Onafrik’s mission: limitless payments

Dare Okoudjou, Founder and CEO of Onafriq, highlights that this partnership with Ripple is in line with his company’s vision to reduce the importance of borders when it comes to payments to and from the African continent. This initiative will enable fast, secure and affordable money transfers, marking an important step in Onafriq’s crypto strategy to use blockchain technology to benefit African communities and businesses.

Countries joining the Association

The list of 27 African countries that will benefit from this new agreement includes Benin, Botswana, Burkina Faso, Burundi, Central African Republic, Egypt, Equatorial Guinea, Eswatini, Ethiopia, Gambia, Ghana, Ivory Coast, Liberia, Madagascar, Malawi, and Mali. Morocco, Mozambique, Niger, Nigeria, Senegal, South Africa, Tanzania, Togo, Uganda, Zambia and Zimbabwe, opening a wide range of opportunities for economic advancement and financial inclusion.

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The partnership between Ripple and Onafriq promises to be a catalyst for efficiency and innovation in Africa’s cross-border payments sector, providing a window for integration with global financial markets and strengthening both companies’ commitment to economic development and financial inclusion on the continent.

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