Ripple’s New Partnership To Enable Cross-Border Payments Between UK, Australia, Gulf Countries and Africa

It has been just revealed that Ripple made a new partnership that will enable cross-border payments between Africa, the UK, Australia, and the Gulf Countries. Check out the latest reports about this below.

Ripple payments company, has announced a new partnership with Onafriq, a fintech firm that operates in 40 African markets.

The partnership aims to facilitate cross-border payments between 27 African countries and the United Kingdom, Australia, and the Gulf Cooperation Council (GCC), which represents six countries including the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait.

Onafriq will leverage Ripple’s crypto-enabled payments technology to launch payment corridors between these markets.

Onafriq’s founder and CEO, Dare Okoudjou, has announced a new partnership with Ripple, which supports his company’s mission to reduce the significance of borders when it comes to payments to and from Africa.

The partnership aims to facilitate fast, secure, and low-cost remittances at scale between Africa and the rest of the world.

This marks a bold first step for Onafriq’s crypto strategy, which leverages blockchain technology to amplify its impact on people and businesses on the African continent.

The partnership includes 27 African countries, namely Benin, Botswana, Burkina Faso, Burundi, Central African Republic, Egypt, Equatorial Guinea, Eswatini, Ethiopia, Gambia, Ghana, Ivory Coast, Liberia, Madagascar, Malawi, Mali, Morocco, Mozambique, Niger, Nigeria, Senegal, South Africa, Tanzania, Togo, Uganda, Zambia, and Zimbabwe.

In other recent news, Ripple Labs has announced its collaboration with the National Bank of Georgia to launch the country’s first central bank digital currency (CBDC) pilot program.

The project aims to develop a digital version of Georgia’s national currency, Lari (GEL). According to Ripple’s blog post, the National Bank of Georgia has selected Ripple as its partner for this project.

Check out our previous article in order to learn more details about this and make sure to keep your eyes on the market.