In recent news, Ripple and Onafriq have announced a partnership to establish blockchain-based remittance channels. This is a major development in the world of digital payments and could have far-reaching implications for the global economy.

Ripple is a leading provider of blockchain-based financial solutions. The company has been working to revolutionize the way money is sent and received around the world. Through its XRP token, Ripple has been able to provide a fast and secure way to transfer funds across borders.

Onafriq is a Nigerian-based fintech company that specializes in providing remittance services to African countries. The company has been working to make it easier for people to send money back home to their families and friends. By partnering with Ripple, Onafriq will be able to leverage Ripple’s technology to provide faster and more secure remittance services.

The partnership between Ripple and Onafriq will enable users to send money from any country in the world to any other country in the world in a matter of seconds. This is a major development in the world of digital payments and could have far-reaching implications for the global economy.

The partnership between Ripple and Onafriq is just one example of how blockchain technology is being used to revolutionize the way money is sent and received around the world. As more companies begin to adopt blockchain-based solutions, we can expect to see an increase in the speed and security of global payments. This could have a major impact on the global economy, as it will make it easier for people to send money back home to their families and friends.

Overall, the partnership between Ripple and Onafriq is an exciting development in the world of digital payments. By leveraging blockchain technology, the two companies are able to provide a faster and more secure way to transfer funds across borders. This could have major implications for the global economy, as it will make it easier for people to send money back home to their families and friends.