Ripple Joins Forces with Chipper Cash to Streamline Affordable Crypto Payments Throughout Africa

Digital asset infrastructure provider catering to financial institutions, Ripple announced that it has partnered with Chipper Cash a payments technology firm, is leveraging Ripple’s payment solutions to advance cross-border transactions into Africa. This innovative solution utilizes digital assets for faster, cheaper, and more efficient international financial operations.

Thanks to Ripple's crypto-driven payment framework, Chipper Cash can offer its five million customers spanning nine African nations the ability to receive funds globally at any time, reducing the hassle and time involved in money transfers into Africa.

Reece Merrick, Ripple's Managing Director for the Middle East and Africa, expressed that their collaboration with Chipper Cash represents a significant milestone in Ripple's growth strategy in Africa. He pointed out that both consumers and businesses across the continent are increasingly acknowledging the advantages of blockchain technology and expressed enthusiasm about introducing Ripple’s crypto payment solutions to the region.

Reece Merrick also emphasized that by implementing Ripple’s technology within Chipper Cash’s platform, this collaboration boosts the speed and affordability of cross-border transactions while fostering economic advancement and innovation in the markets Chipper Cash supports. He mentioned that Ripple, with over a decade of experience in bringing real-world assets onto the blockchain, originally concentrated on integrating fiat currencies to simplify global money transfers. As the cross-border payment market expands, more organizations like Chipper Cash are turning towards blockchain to improve operational efficiency and spark new innovations.

Ripple Increases Its Footprint in Africa Through New Partnership, Advancing Global Payment Solutions

The partnership between Ripple and Chipper Cash signifies an extension of Ripple's influence in Africa, following their earlier collaboration with Onafriq in 2023. Ripple’s secure and compliant digital asset infrastructure is set to provide essential tools for financial institutions to tokenize, store, exchange, and manage digital assets. With Ripple Payments extending near-global reach across over 90 payout jurisdictions, the service encompasses more than 90% of daily FX markets, facilitating transactions with a whopping volume exceeding $70 billion.

With more than ten years of experience in the digital asset arena, Ripple has secured over 60 regulatory licenses and approvals in numerous regions. Recently, Ripple received approval received a license from the Dubai Financial Services Authority (DFSA) to provide cryptocurrency payment services regulated within the Dubai International Financial Centre (DIFC), marking it as the first blockchain-based payment provider to achieve such accreditation from the DFSA.