{"id":189644,"date":"2023-11-08T16:27:10","date_gmt":"2023-11-08T10:57:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=189644"},"modified":"2023-11-08T16:27:10","modified_gmt":"2023-11-08T10:57:10","slug":"ripple-partners-with-onafriq-for-african-cross-border-payment-channels-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ripple-partners-with-onafriq-for-african-cross-border-payment-channels-crypto-news\/","title":{"rendered":"Ripple partners with Onafriq for African cross-border payment channels &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Ripple Labs, the San Francisco-based payments firm, has partnered with South African fintech company Onafriq to expand remittance payment capabilities in Africa and across its borders with the Gulf Cooperation Council (GCC), the U.K. and Australia.\u00a0\u00a0<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/sam-bankman-fried-found-guilty-all-charges-ftx-trial\/\">Sam Bankman-Fried found guilty on all charges<\/a><\/p>\n<h3 class=\"wp-block-heading\">Fast Facts<\/h3>\n<ul>\n<li>The collaboration will open three new blockchain-based payment channels between Onafriq users in Africa and three of its partner firms, namely U.K.-based fintech firm PayAngel., Abu Dhabi-based digital Wallet Pyypl that serves users in the GCC and Australia-based payments company Zazi Transfer.\u00a0<\/li>\n<\/ul>\n<ul>\n<li>The payment channels will enable users to execute low cost remittance and business payments to recipients in 27 countries across Onafriq\u2019s pan-African network.<\/li>\n<\/ul>\n<ul>\n<li>The new payment channels will utilize Ripple Payments, an XRP-enabled payments technology, to eliminate the lengthy transfer times and high costs associated with traditional remittance payments, Ripple said in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ripple.com\/ripple-press\/ripple-partners-with-onafriq-to-power-digital-asset-enabled-cross-border-payments-between-africa-and-the-rest-of-the-world\/\">press release<\/a> on Tuesday.\u00a0<\/li>\n<\/ul>\n<ul>\n<li>\u201cConnecting our partners PayAngel, Pyppl 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,\u201d said Aaron Sears, senior vice president of global customer success at Ripple.<\/li>\n<\/ul>\n<ul>\n<li>XRP fell 1.46% in the 24 hours leading up to 5:15 p.m. in Hong Kong, to trade at US$0.68, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\">CoinMarketCap<\/a>.<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/xrp-sec-ripple-crypto-clarity\/\">XRP triumphs over SEC, but crypto clarity remains in the shadows<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple Labs, the San Francisco-based payments firm, has partnered with South African fintech company Onafriq to expand remittance payment capabilities in Africa and across its borders with the Gulf Cooperation Council (GCC), the U.K. and Australia.\u00a0\u00a0 See related article: Sam Bankman-Fried found guilty on all charges Fast Facts The collaboration will open three new blockchain-based [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":189645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-189644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/189644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=189644"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/189644\/revisions"}],"predecessor-version":[{"id":189646,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/189644\/revisions\/189646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/189645"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=189644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=189644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=189644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}