Ripple Partners With Chipper Cash For Faster Cross-Border Payments In Africa
1min read Ripple has entered into a strategic partnership with Chipper Cash, an African payment infrastructure provider, to enhance cross-border payments through the use of blockchain technology. This collaboration aims to provide faster, cheaper, and more efficient settlements for transactions across Africa.
According to the announcement, Chipper Cash will utilize Ripple Payments for its cross-border transactions. Reece Merrick, Ripple’s managing director for the Middle East and Africa, emphasized the significance of this partnership in Ripple’s expansion into the African market. He noted that African consumers and businesses are increasingly recognizing the potential of blockchain technology, which offers increased operational efficiency and cost savings.
Ask Aime: What impact will Ripple's partnership with Chipper Cash have on the African market?
Ham Serunjogi, co-founder and CEO of Chipper Cash, highlighted the transformative potential of crypto-enabled payments in Africa. He stated that such payments can drive financial inclusion, accelerate access to global markets, and empower businesses and individuals across the continent. By integrating Ripple’s technology, Chipper Cash aims to provide its customers with faster and more affordable payment options, thereby expanding its services and enhancing its competitive edge.
This partnership builds on Ripple’s previous initiatives in Africa, including its 2023 deal with Onafriq, which utilized Ripple’s infrastructure to process payments between 27 African countries and other regions. The collaboration with Chipper Cash further solidifies Ripple’s presence in the African market and underscores its commitment to driving economic growth and innovation through blockchain technology.
In addition to its partnership with Chipper Cash, Ripple has also secured a Dubai license to offer cryptocurrency-powered payments in the United Arab Emirates. This move, coupled with its recent legal victory against the United States Securities and Exchange Commission, positions Ripple to expand its activities and determine its strategic direction in the digital asset space.
Overall, the partnership between Ripple and Chipper Cash represents a significant step forward in the adoption of blockchain technology for cross-border payments in Africa. By leveraging Ripple’s technology, Chipper Cash aims to provide faster, more affordable, and more efficient payment solutions, thereby driving economic growth and financial inclusion in the region. 
