Ripple Partner Unveils New Remittances Solution in US, and Canada

Flutterwave launches Send App, empowering Africans in the US, Canada, to make swift remittances to their families in Africa.

Ripple partner, Flutterwave, has taken a significant stride in the remittance space by launching a new cross-border payment solution targeted at residents of American nations and European countries.

Specifically, the firm announced a new application called Send App in the United States and Canada. According to the firm, the app aims to enable swift and convenient money transfers between Africans living in the US, Canada, and the UK to their families back home.

The development got the attention of a prominent figure in the XRP community, who took to Twitter to share the announcement with crypto enthusiasts. 

#Ripple user Flutterwave extends remittance app to US and CA to facilitate more payments into Africa.https://t.co/lZ7tkG2PVV

— WrathofKahneman ? (@WKahneman) August 1, 2023

Olugbenga GB Agboola, Flutterwave’s CEO, expressed the significance of the Send App. He stated that regardless of location, Africans remain deeply connected to their roots and always seek ways to support their loved ones back home.

Agboola highlighted that Send App, built on its vast cross-border experience and global payment infrastructure, aims to empower diaspora Africans to make swift and hassle-free money transfers to Africa.

He further emphasized its mission to provide robust payment tools to revolutionize the payment industry. Recall that the Ripple partner got regulatory clearance to offer its payment service in Tanzania last year, as The Crypto Basic reported. 

Remittance to Africa

Notably, the official announcement captured the exponential growth in funds being sent to African countries and the need for robust technology to ease the path. Quoting a report from the United Nations, it was estimated these remittances doubled over the decades, hitting a remarkable $100 billion in 2022.

These monies are said to be the financial backbone for approximately 200 million African families, assisting them with medical bills, education expenses, and daily living costs.

It is worth mentioning that Ripple has been at the fore of supporting humanitarian endeavors in African countries, as The Crypto Basic recently reported.