Ripple has collaborated with Chipper Cash to expand cross-border payments in Africa. The collaboration will use Ripple Payments, a crypto-enabled payment solution, to provide quicker and cheaper transactions.
This move cements Ripple‘s foothold in the African market and expands its presence in the global payment market. Chipper Cash has five million customers in nine African countries.
Ripple powers seamless global payments
Via Ripple’s technology, customers can receive money from anywhere in the world in real time. The service operates 24/7, reducing delays and making money transfers more convenient. The alliance aims at increasing efficiency in cross-border transactions and financial inclusion in Africa.
Ripple focuses on tokenizing real-world assets for facilitating easier cross-border money transfers. It provides financial institutions with trusted digital asset infrastructure. Its payment network covers over 90 markets and settles billions of dollars in transactions. With the incorporation of Ripple’s tech, Chipper Cash aims to broaden its services and make transactions cheaper for its users.
The demand for fast and affordable cross-border payments is growing. Blockchain technology is becoming a key driver of financial innovation. More institutions are adopting crypto solutions to streamline transactions. Ripple and Chipper Cash see this as an opportunity to expand their services and improve payment networks. Ripple started its African expansion in 2023 with a partnership with Onafriq.
The new collaboration with Chipper Cash marks another step in its strategy to support businesses and consumers in the region. Ripple’s platform ensures secure and compliant transactions, making it an attractive solution for financial institutions.
Ripple & Chipper cash boost Africa’s payments
The digital asset industry continues to evolve, and he remains a leader in the space. It holds over 60 regulatory licenses worldwide, proving its commitment to compliance. Chipper Cash, founded in 2018, has grown into a major fintech player in Africa.
The company provides seamless money transfer services and has expanded into personal investments and digital business transactions. By working together, Ripple and Chipper Cash hope to transform the African payments landscape.
Their partnership aligns with the global shift toward blockchain-powered financial solutions. As more businesses recognize the benefits of crypto-enabled payments, the adoption of blockchain technology in finance is expected to rise. This collaboration could pave the way for a more efficient and inclusive financial system in Africa.
