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Ripple, the US-based technology company, said its crypto solution known as “on-demand liquidity” is intended to help MSF Africa “streamline real-time mobile payments for customers in 35 countries. “. The evolution of Ripple’s partnership with MSF Africa, which has 800 payment corridors across the continent, will apparently see the whole region stand a chance of reaping “the financially inclusive benefits.”

Enable faster, low-cost remittances

US-based technology company Ripple announced on November 14 that it had formed a partnership with MSF Africa that is expected to help “streamline [MSF Africa’s] real-time mobile payments for their customers in 35 countries. As part of the deal, MSF Africa, a leading fintech group on the continent, will use Ripple’s crypto solution known as On-Demand Liquidity (ODL).

Commenting on MSF Africa’s decision to partner with Ripple, the CEO of the mobile financial solutions company, Dare Okoudjou, said:

MFS Africa’s mission is to make borders less important when it comes to payments within, to and from Africa. We are excited to advance this mission through our partnership with Ripple to enable fast, secure, and low-cost remittances at scale.

The CEO added that his company’s partnership with Ripple represents his first attempt to use blockchain technologies “to amplify our [MSF Africa’s] impact on consumers and businesses on the continent’s growth in a new economy.

Meanwhile, in their November 14 blog Publishthe Ripple team, which described the partnership as a “victory for financial inclusion in Africa”, insisted that the ODL is useful for “markets which often struggle to find liquidity”.

The team added that the evolving arrangement between Ripple and MSF Africa, which has 800 payment corridors across the continent, will see “the entire region stand up to reap the financially inclusive benefits.”

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Terence Zimwara

Terence Zimwara is an award-winning journalist, author and writer in Zimbabwe. He has written extensively on the economic issues of some African countries as well as how digital currencies can provide an escape route for Africans.

Image credits: Shutterstock, Pixabay, Wiki Commons

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