Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq.
Onafriq will use Ripple Payments’ blockchain technology along with with three partnering companies. Zazi Transfer will provide transfer services to Australia, PayAngel will serve the U.K. and Pyypl will serve GCC member states Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Remittances make up a large part of cross-border payments to Africa. Ripple senior vice president of global customer success Aaron Sears told Cointelegraph:
“Sub-Saharan Africa has proven to be a… Read more on Cointelegraph