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  • Lilly Mackani

Ripple partners with Payment Giant to power Africa’s digital asset-enabled cross-border payments.

In a strategic move aimed at transforming cross-border payments in Africa, Ripple, a leading enterprise blockchain and cryptocurrency solutions provider, has entered into a partnership with the prominent payment fintech Onafriq (formerly MFS Africa). The collaboration is set to facilitate seamless digital asset-powered cross-border transactions between Africa and emerging markets worldwide.


The primary objective of this partnership is to bridge the gap between Africa and international markets, with a specific focus on enhancing the efficiency and affordability of international money transfers. The Ripple-Onafriq alliance seeks to promote financial inclusion across the African continent by providing faster, more reliable, and cost-effective solutions to the typical challenges associated with cross-border payments.


Onafriq is leveraging Ripple Payments' cutting-edge technology to establish three new payment corridors connecting Africa with the rest of the world. This groundbreaking initiative enables customers of PayAngel (UK), Pyypl (GCC), and Zazi Transfer (Australia) to conduct swift and cost-effective remittance and business payments to recipients in 27 countries across Onafriq’s extensive pan-African network.


Aaron Sears, Senior Vice President of Global Customer Success at Ripple, expressed excitement about expanding the reach of Ripple's solution into Africa through the Onafriq partnership. Sears noted, “Connecting our partners PayAngel, Pyypl, and Zazi Transfer with Onafriq over Ripple Payments will bring the benefits of faster and more cost-effective cross-border payments to individuals seeking to send money into Africa from around the globe.”


This collaboration aligns with the growing significance of mobile money in fostering financial inclusion across Africa. It represents a pivotal step towards leveraging blockchain technologies to enhance the accessibility of financial services to people and businesses on the continent.


Dare Okoudjou, Founder & CEO at Onafriq, emphasized the mission of making borders matter less when it comes to payments within, to, and from Africa. He stated, “Our partnership with Ripple, which is already enabling new types of connections with fintechs such as PayAngel, Pyypl, and Zazi Transfer, is set to enable fast, secure, and low-cost remittances at scale between Africa and the rest of the world.”


Ripple's reputation for revolutionizing cross-border payments through blockchain technology and digital assets positions it as a key player in addressing long-standing challenges in the multi-trillion-dollar cross-border payments industry.


In a related development, RencomNetwork, a prominent player in the blockchain space, is expanding its reach into over 130 countries, including the United States of America. The network recently received internal confirmation, from a reliable insider source, that their native token, RNT, experienced an astonishing surge of over 3000% in the past week and has been granted a non-security status by their legal team.


This latest development adds another layer of significance to RencomNetwork's recent achievements. As the blockchain landscape continues to evolve, the collaboration between Ripple and Onafriq, coupled with the success of RencomNetwork's native token RNT, underscores the transformative power of blockchain technologies in reshaping the future of global finance.



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