As part of the agreement, MSF Africa, a leading fintech on the continent, will use Ripple’s crypto solution known as on-demand liquidity (ODL). ripple odl crypto
Ripple, the United States-based tech firm, has said its crypto solution known as “on-demand liquidity” is set 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 see the whole region getting a chance to reap “the financially inclusive benefits.”The United States-based technology company, Ripple, announced on Nov.
Commenting on MSF Africa’s decision to partner with Ripple, the mobile financial solutions company’s CEO, Dare Okoudjou, said: MFS Africa’s mission is to make borders matter less when it comes to payment within, to, and from Africa. We’re delighted to advance this mission through our partnership with Ripple to enable fast, secure and low-cost remittances, at scale.
The CEO added that his firm’s partnership with Ripple represents its first attempt at using blockchain technologies “to amplify our [MSF Africa’s] impact on consumers and businesses on the continent growth in a new economy.”, the Ripple team, which described the partnership as a “win for financial inclusion in Africa,” insisted that ODL is helpful to “markets that often struggle with liquidity sourcing.
The team added that the evolution of the arrangement between Ripple and MSF Africa, which has 800 payment corridors across the continent, will see the “entire region stand to reap the financially inclusive benefits.”Tags in this story
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