XRP Price Prediction as XRP Becomes 7th Biggest Cryptocurrency in the World, Top 3 Soon?
XRP price is far from untangling from the sell-off triggered by the FTX crypto crash. However, bulls seem to hold firmly to a support established at $0.3500. As highlighted in the eight-hour time frame chart, XRP has tapped into a crucial demand area. Here's where it's headed next.
Ripple kicked off this week with news regarding expanding its On-Demand Liquidity (ODL) solution to Africa. The international money transfer company says, "Africa holds 70% of the world's $1T mobile money value." The partnership with MFS Africa "will further enhance digital payment rails across the continent."
MFS Africa has one of the largest mobile money footprints in Africa. The company will leverage Ripple's ODL solution to streamline real-time mobile payments for its customers across 35 countries.
The ODL solution does away with frictions and bottlenecks that are ailing money transfers across borders. It is suitable for Africa, thanks to its low transaction fees and faster payment settlement times.
"The Ripple MFS Africa partnership represents a confident, important and bold first step for our crypto strategy to leverage blockchain technologies to amplify our impact on consumers and businesses on the continent. growth in a new economy," a statement by Dare Okoudjou, CEO at MFS Africa, reads in part.
Via a Twitter post on Wednesday, 16, Ripple reported that the ODL "solution has seen substantial adoption this year, and we have the technology, the global network, and the diverse list of customers to prove it."
Despite the ongoing case between Ripple and the Securities and Exchange Commission (SEC), the company has continued its global expansion plan. It is this focus on growth and development that could be giving Ripple an edge over its
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