Ripple nigeria news

Here are some recent news updates about Ripple in Nigeria:

Ripple Partners with Nigerian Banks to Launch Cross-Border Payments

In October 2020, Ripple announced a partnership with several Nigerian banks, including Fidelity Bank, First Bank, and Guaranty Trust Bank, to launch a cross-border payments solution using Ripple's blockchain technology. The partnership aimed to reduce the cost and time of international transactions between Nigeria and other countries.

Ripple's xRapid to Facilitate Remittances to Nigeria

In November 2020, Ripple announced that its xRapid service would be used to facilitate remittances to Nigeria. xRapid is a liquidity solution that uses Ripple's blockchain technology to enable fast and low-cost international transactions. The partnership aimed to reduce the cost of remittances to Nigeria, which is a major recipient of remittances from abroad.

Ripple's Partnership with Nigerian Fintech Company, Flutterwave

In December 2020, Ripple announced a partnership with Flutterwave, a Nigerian fintech company, to launch a new payment solution using Ripple's blockchain technology. The partnership aimed to enable fast and secure payments between Nigeria and other countries.

Ripple's Investment in Nigerian Fintech Company, TeamApt

In January 2021, Ripple announced an investment in TeamApt, a Nigerian fintech company that provides payment solutions to businesses and individuals. The investment aimed to support TeamApt's growth and expansion in Nigeria and other African countries.

Ripple's Plans to Expand its Operations in Nigeria

In February 2021, Ripple announced plans to expand its operations in Nigeria, including the establishment of a new office in the country. The company aims to increase its presence in Nigeria and provide more services to Nigerian businesses and individuals.

These are some of the recent news updates about Ripple in Nigeria. Ripple's partnerships and investments in Nigeria are aimed at promoting financial inclusion and reducing the cost and time of international transactions in the country.