It aims to create three blockchain-based payment corridors between users in Africa, UK, the GCC, and Australia.
Optimism has been growing around Ripple since the partial win against the SEC.
Ripple [XRP] has partnered with payments fintech Onafriq to expand its remittance capabilities, reaching customers in Africa and several Gulf nations, the United Kingdom, and Australia.
This partnership aims to create three blockchain-based payment corridors.
The purpose is to facilitate transactions between Onafriq users in Africa and customers of PayAngel in the UK, Pyypl in the Gulf Cooperation Council (GCC), and Zazi Transfer in Australia.
Ripple unveiled this development at its annual conference in Dubai.
Monica Long, Ripple’s President, described Onafriq as a major payment player in Africa.
Onafriq boasts a vast reach of 400 million mobile wallets. The collaboration marked a significant milestone for Ripple. It enables its payment services to cover a remarkable 90% of the foreign exchange m

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