Ripple Partners With Chipper Cash For Faster Cross-Border Payments In Africa
1min read Ripple, a prominent provider of digital asset infrastructure for financial institutions, has announced a strategic partnership with Chipper Cash, a leading fintech company serving over five million customers across nine African countries. This collaboration aims to enhance cross-border payments by leveraging Ripple's crypto-enabled payments solution, Ripple Payments. The integration will allow Chipper Cash users to receive funds from around the world 24/7/365, significantly reducing the time and friction associated with moving value into Africa.
The partnership marks a significant milestone in Ripple's expansion into the African market. Reece Merrick, Managing Director for the Middle East and Africa at Ripple, highlighted the growing recognition of blockchain technology's potential in the region. By integrating Ripple's technology into Chipper Cash's platform, the companies aim to enable faster, more affordable cross-border payments, driving economic growth and innovation across the markets they serve. Ripple's journey in tokenizing real-world assets began with bringing fiat currencies on-chain to simplify international money transfers, and this partnership is a testament to the transformative power of blockchain technology in driving efficiency and innovation.
Ask Aime: What impact will the partnership between Ripple and Chipper Cash have on cross-border payments in Africa?
Ham Serunjogi, Co-Founder and CEO at Chipper Cash, emphasized the potential of crypto-enabled payments to enhance financial inclusion, accelerate access to global markets, and empower businesses and individuals across Africa. The integration with Ripple's global payments network will allow Chipper Cash to harness the transformative potential of blockchain technology, enabling consumers to receive payments faster and at a lower cost.
Ripple's digital asset infrastructure is designed to provide the core services that financial institutions need to tokenize, store, exchange, and move digital assets. Ripple Payments offers near-global coverage with over 90 payout markets, representing more than 90% coverage of the daily FX markets. With over a decade of experience in the digital asset space and holding 60+ regulatory licenses and registrations in various jurisdictions, Ripple is well-positioned to support the growing global cross-border payments market.
Chipper Cash, founded in 2018, revolutionized cross-border money transfers in Africa by providing a frictionless way to send and receive money. Since then, the company has expanded its product suite to include personal investments and digital business transactions, and has extended its reach into the US. Led by co-founders Ham Serunjogi and Maijid Moujaled, Chipper Cash is committed to providing the most trusted and accessible financial services for people living in Africa and beyond.
This partnership between Ripple and Chipper Cash is set to unlock new opportunities for faster, cheaper, and more efficient cross-border payments in Africa. By leveraging Ripple's technology, Chipper Cash will be able to offer its users a more seamless and cost-effective way to receive funds from around the world, driving economic growth and innovation in the region.
