Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Reg...

Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Reg...

South Africa’s Inter-governmental Fintech Working Group (IFWG) recently accepted Mercury FX, a UK-based e-money firm, into the first cohort of its regulatory sandbox. The firm, which harnesses the Ripplenet blockchain, says it wants to demonstrate its technology’s ability “to shorten the money transfer window to only minutes.” Fast and Low Remittances Further, Mercury FX, which claims to have piloted the use of this technology in the Philippines and Mexico, says its solution, aided by the XRP token, will enable low-cost cross-border remittances. In addition to....


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