Ripple to Establish 3 New #BlockchainTechnology Corridors with Onafriq

1. #Ripple Bridges Borders with Onafriq #Partnership

The company has announced a strategic partnership with the fintech firm Onafriq to establish three new blockchain-based payment corridors spanning Africa, the United Kingdom, the Gulf Cooperation Council (GCC), and Australia. This expansion marks a significant step in Ripple’s mission to revolutionize cross-border payments, particularly in underserved regions like Africa.

2. Ripple’s Regulatory Strides Aid $XRP ’s Rally

These developments come as Ripple continues to expand its regulatory compliance efforts. The company has obtained money transmitter licenses in the U.S. and an institutional payments license in #Singapore , with recent filings in the U.K. and EU.

3. Ripple’s ongoing legal battle with the United States Securities and Exchange Commission could overshadow its expansion plans.

While Ripple’s expansion into Africa holds immense potential, it is crucial to acknowledge the challenges in the region’s financial infrastructure.

Ripple’s recent price surge, while attributed to its regulatory achievements, could also be attributed to speculative trading and market momentum