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The deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partners. Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payment s provider Onafriq. Onafriq will use Ripple Payments' blockchain technology along with with three partner ing companies. Zazi Transfer will provide transfer services to Australia, PayAngel will serve the U.K. and Pyypl will serve GCC member states Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Remittances make up a large part of cross-border payment s to Africa. Ripple senior vice president of global customer success Aaron Sears told Cointelegraph: “Sub-Saharan Africa has proven to be a bright spot of crypto adoption, with consumers in countries like Nigeria, Kenya, and South Africa employing digital assets for real-world, day-to-day purposes.” Pyypl is alrea...

Ripple proudly announced its attainment of a comprehensive digital payment tokens license granted by the Monetary Authority of Singapore. This milestone signifies Ripple’s achievement of a fully-fledged license , endorsing its position as a major payment s institution sanctioned by Singapore’s central bank. This authorization paves the way for Ripple to continue its operations in the country, following the in-principle approval it received back in June. In an official statement dated October 4th, the company conveyed that its local entity, Ripple Markets APAC Pte Ltd, had been granted the full license by the esteemed Monetary Authority of Singapore (MAS). Ripple’s CEO, Brad Garlinghouse, remarked in the statement, “Singapore has evolved into a prominent fintech and digital asset hub, successfully balancing innovation, safeguarding consumer interests, and nurturing responsible growth.” Garlinghouse further highlighted that Singapore has been the nucleus...

Marcus said there’s still no universal protocol when it comes to transferring money, unlike information which can be shared via email. While information today can be easily transferred over the internet via email or text, global payment s on the other hand, have remained in a “fax era," according to the former president of PayPal.  In a Sept. 11 interview with CNBC, the former PayPal executive and co-founder of Bitcoin Lightning-focused payment service Lightspark said he believes Bitcoin's Lightning network could solve the cumbersome process of sending money across jurisdictions.  “If you were to stop [someone] and wanting to communicate with them you could ask them for an email address and you can email them easily the next minute [and] you could text them,” said Marcus.  However, there’s no universal protocol when it comes to transferring money over the internet, he said: “If you were to send them money [but] they were not a U.S citizen here using one of the same fintech ...