Altcoins News

Story: South Africa’s IFWG Regulatory Sandbox Accepts Mercury Ripple (XRP) ODL Partner

By Steven Anderson

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Financial institutions or banks who have partnered for Ripple ODL will be able to help deliver instant cross-border payments.

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Ripple expresses that they are honored to be part of the transformation of remittances and international payments within Africa through partnerships with innovative partners like…

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Ripple stated that the aim to bring down time and money off international payments is particularly important in the larger African continent.

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For clarity, Mercury is an International payments specialist which focuses on shortening the money transfer window to just a few to fractions of minutes by making use of…

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It is good news that Mercury has been accepted into the first cohort of South Africa’s Intergovernmental Fintech Working Group (IFWG) Regulatory Sandbox.

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For clarity, the IFWG is there to make it possible for Fintech and innovation in South African financial market.

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This, Mercury is one of two companies in the final six who are leveraging XRP to ensure efficient cross-border payments into the region. 

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The company’s IFWG announcement clarifies the trust in the RippleNet and ODL process to send and receive money out and in to South Africa.

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Previously, Mobile Money connected to bKash powers wallet-to-wallet transactions. They have been delivering a cost effective, fast and reliable remittance experience to 10…

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Also, the good news is that Ripple currently has a good position in its lawsuit with SEC.  On the other hand, SEC has some key points regarding Ripple CEOs that they have…

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