Ripple teams up with Chipper Cash for blockchain-powered cross-border payments in Africa
Ripple has partnered with Chipper Cash to drive faster and more affordable cross-border payments across Africa.
Announced on March 27, the partnership will bring Ripples blockchain-based payment technology to Chipper Cashs millions of users in nine African countries.
The integration will allow Chipper Cash customers to access Ripple Payments, a solution that enables swift international transfers using digital assets. This development would allow Africans to receive funds from abroad more efficiently, reducing time and cost.
Reece Merrick, Ripples Managing Director for the Middle East and Africa, stated that interest in blockchain is growing rapidly across the region. He believes that consumers and businesses are starting to see its real-world value, especially in areas underserved by traditional banking.
According to him:
By integrating our technology into Chipper Cashs platform, were enabling faster, more affordable cross-border payments while driving economic growth and innovation across the markets they serve.
Chipper Cash Co-Founder and CEO Ham Serunjogi expressed optimism about the partnership. He said that blockchain can increase financial access and support broader economic inclusion.
Serunjogi added:
Crypto-enabled payments have the potential to enable greater financial inclusion, accelerate access to global markets, and empower businesses and individuals across Africa.
The deal aims to strengthen Ripples existing presence in Africa. In 2023, Ripple collaborated with Onafriq to introduce similar services, marking the start of its regional expansion.
Ripple Payments international reach
Ripples Payment international push extends beyond Africa with significant partnerships and licensing across the globe.
For context, the company recently teamed up with Unicâmbio, a financial services provider in Portugal. Using Ripples crypto-powered technology, the collaboration is expected to improve payment corridors between Portugal and Brazil.
The firm also secured a license from the Dubai Financial Services Authority (DFSA), becoming the first blockchain payment provider to receive such approval.
According to Ripple, these efforts have bolstered its digital asset infrastructure to support over 90 payout markets, covering more than 90% of the global FX market. The platform has processed over $70 billion in volume, reinforcing its position as a key player in blockchain-based finance.
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Text source: CryptoSlate
