US-based technology company Ripple , said the company’s cryptocurrency solution, known as “liquidity on demand,” is set up to help MSF Africa “streamline real-time mobile payments for customers in 35 countries.” The evolution of Ripple’s partnership with MSF Africa, which has 800 payment corridors across the continent, will ostensibly give the entire region the opportunity to enjoy “economically comprehensive benefits.” .
Faster, lower-cost remittances
U.S.-based technology company Ripple announced on November 14 that it has partnered with MSF Africa Did. It will help “make [MSF Africa]’s real-time mobile payments more efficient for customers in 35 countries.” As part of the agreement, the continent’s leading fintech group, MSF Africa, will use Ripple’s crypto solution known as Liquidity on Demand (ODL).
Commenting on his MSF Africa decision to partner with Ripple, Dare Okoudjou, CEO of the mobile financial solutions company, said:
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 remittances at scale.
The CEO added that his company’s partnership with Ripple represents the first attempt to use blockchain technology.
Meanwhile, the Ripple team described the partnership in his November 14 blog postas follows: Africa” argued that ODL would help “markets that often struggle to source liquidity”.
The team said the evolution of the deal between Ripple and his MSF Africa, which has 800 payment corridors across the continent, would “ensure the entire region to enjoy comprehensive financial benefits.” ‘ added.
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