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Ripple Partners With MSF Africa To Streamline Real-time Mobile Payments

According to Ripple, its “on-demand liquidity” (ODL) cryptocurrency solution will help MSF Africa streamline real-time mobile payments for clients in 35 countries.

On November 14, the company said that it had partnered with MSF Africa. A key fintech organization in the region, MSF Africa, will use ODL, a crypto solution, as part of the partnership.

Dare Okoudjou, CEO of the provider of mobile financial solutions, commented on MSF Africa’s choice to work with Ripple:

“The Ripple MFS Africa partnership represents a confident, important and bold first step for our crypto strategy to leverage blockchain technologies to amplify our impact on consumers and businesses on the continent growth in a new economy.”

The relationship, according to the Ripple team, is a victory for financial inclusion in Africa, and ODL is beneficial to markets that frequently suffer from liquidity sourcing.

The team continued by saying that as the partnership between the blockchain company and MSF Africa, which operates 800 payment corridors throughout the continent, develops, the whole area stands to reap the advantages of financial inclusion.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.