- Ripple’s “on-demand liquidity” solution will assist MSF Africa in streamlining seamless payments in real-time for clients in 35 countries.
- MFS-Africa aims to reduce the importance of borders when sending money to, from, and within Africa.
- Ripple has also described this new partnership as a victory for financial inclusion in Africa.
By launching new services and partnerships in several countries across several continents, Ripple has continued to grow its “On-Demand Liquidity” (ODL) services.
According to its most recent statement, ODL is now accessible in Africa thanks to a collaboration between Ripple and an Africa-focused payments and remittances platform, MFS Africa.
Ripple’s “on-demand liquidity” solution will assist MSF Africa in streamlining seamless payments in real-time for clients in 35 countries. As a result, MSF Africa, which has 800 payment corridors across the continent, is expected to allow the entire area to benefit from faster and more streamlined financial services.
Prior On-Demand Liquidity, there were traditional financial firms in Europe and America. However, it comes as a paradigm shift with Ripple’s choice to collaborate with one of Africa’s biggest mobile payment gateways.
In a statement from the CEO of MSF Africa, Dare Okoudjou, the goal of MFS-Africa is to reduce the importance of borders when sending money to, from, and within Africa.
Given that a sizable portion of the population on the continent has limited choices when it comes to banking, this partnership is a massive leap for the African financial sphere.
Okoudjou noted that MFS Africa’s cooperation with Ripple is its first attempt at using blockchain technology to boost its services to customers and companies on the continent.
Ripple has also described this new partnership as a victory for financial inclusion in Africa.
Additionally, Ripple emphasized the value of On-Demand Liquidity Solutions for markets that frequently face liquidity sourcing challenges.
Ripple (XRP) Price Analysis
Bulls have come back regarding the price of XRP, as seen on the charts. Given that the price has been moving upwards today, today seems bullish. The price of XRP has risen by 3% over the last day after a brief decline from its $0.3864 intra-day high.
The cryptocurrency currently trades at $0.3832 and has a relatively small decline in trading volume. However, Ripple’s price seems healthy over the last day.
Over the last few days, the price of the cryptocurrency has been in decline. This decline took the price of the cryptocurrency to $0.32 support.
However, the situation reversed when the bulls took control of the market and pushed the cryptocurrency’s price toward the $0.38 zone.
XRP is currently consolidating around this zone and has a real chance of breaking through the $0.39 resistance for a retest of the following target around $0.5.
Overall, the daily RSI is neutral and presents a good chance of further price movement to the upside.
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