[Ripple Promotes the Adoption of Stablecoin RLUSD in the African Market] Ripple is actively expanding the use cases of its USD-backed stablecoin RLUSD in Africa by establishing partnerships with distributors such as Chipper Cash, VALR, and Yellow Card, aiming to attract more institutional users. Meanwhile, Mercy Corps Ventures is testing RLUSD in Kenya for climate risk insurance programs. In the trial, stablecoin funds are automatically disbursed after satellite data monitors drought conditions; another pilot project is being used for rainfall insurance, where extreme weather events trigger compensation mechanisms. These innovative applications showcase the potential of blockchain technology in addressing climate change and advancing financial services.
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