New XRP Payments in AFRICA Xago & MercuryFX, Coinbase IPO Date, XDC & R3, Ripple Employee Poached

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International payments specialist MercuryFX aims to shorten that money transfer window to only minutes using RippleNet’s On-Demand Liquidity (ODL) service and the digital asset XRP.

The recent news that Mercury has been accepted into the first cohort of South Africa’s Intergovernmental Fintech Working Group (IFWG) Regulatory Sandbox for its work in partnership with Ripple and cryptocurrency exchange VALR, is a big step toward bringing fintech innovation to the region.

The IFWG exists to facilitate the role of fintechs and innovation in the South African financial market. More than 50 companies applied to be part of this inaugural Regulatory Sandbox, with Mercury being one of the final six chosen. Mercury is one of two companies within the final six that are leveraging XRP for more efficient cross-border payments into the region.

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