Ripple and MSF Africa Collaborate To Utilize On-demand Liquidity

Ripple and MSF Africa Collaborate To Utilize On-demand Liquidity
  • Ripple is looking to establish itself outside U.S, seeking approval in Ireland.
  • MSF Africa has agreed to use Ripple’s on-demand liquidity (ODL) crypto solution.

On November 14th, American technology firm Ripple announced a collaboration with MSF Africa to “streamline [MSF Africa’s] real-time mobile payments for their customers across 35 countries.” Moreover, MSF Africa, a prominent fintech firm on the continent, has agreed to use Ripple’s on-demand liquidity (ODL) crypto solution.

In response to MSF Africa’s decision to work with Ripple, Dare Okoudjou, CEO of the mobile financial solutions firm, said:

“MFS Africa’s mission is to make borders matter less when it comes to payment within, to, and from Africa. We’re delighted to advance this mission through our partnership with Ripple to enable fast, secure and low-cost remittances, at scale.”

Win for Financial Inclusion in Africa

Moreover, the CEO said that their relationship with Ripple is their first effort at adopting blockchain technology “to amplify our [MSF Africa’s] impact on consumers and businesses on the continent growth in a new economy.”

Furthermore, the Ripple team, in a blog post published on November 14th, welcomed the agreement as a “win for financial inclusion in Africa” and stressed that ODL is useful for “markets that often struggle with liquidity sourcing.”

Ripple and MSF Africa, which operates 800 payment corridors throughout the continent, are working together to provide “financially inclusive benefits” to the whole area. Ripple is looking outside the United States, namely Europe, as it continues to fight the Securities and Exchange Commission (SEC).

Moreover, on Friday, Stuart Alderoty, the lawyer for the blockchain payments firm, told that “effectively, Ripple is operating outside of the U.S” and was looking to establish itself in Ireland.

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