Several companies and institutions in Africa have started adopting XRP, the cryptocurrency developed by Ripple, to improve the efficiency of cross-border payments and other financial services. Here are some of them:
Onafriq: This leading mobile payments provider in Africa has partnered with Ripple to create a new payments corridor connecting 27 African countries with Australia, the UK, and the Gulf Cooperation Council (GCC) countries. The collaboration aims to speed up and lower the cost of international money transfers.
Africhange: This cross-border money transfer service has partnered with Ripple to facilitate money transfers between Africa and Canada, leveraging Ripple’s technology to provide faster and more efficient services.
M-PESA: This popular mobile payments service in Africa has partnered with Ripple’s partner Onafriq to send money to Ethiopia, indicating the adoption of XRP in the region.
XRP Healthcare: This Web3-based healthcare company is expanding its operations into Africa, specifically Uganda, by leveraging the XRP Ledger to provide efficient and affordable healthcare solutions.
Additionally, BRICS member states, including South Africa, are reportedly considering using XRP to develop autonomous payment systems as a faster and cheaper alternative to traditional methods.
The adoption of XRP by companies and institutions in Africa shows the potential of this cryptocurrency to revolutionize the payments and financial services system on the continent.
