Ripple Taps Chipper Cash To Foster Crypto Payments in Africa

In the latest development, Ripple announced a strategic collaboration with Chipper Cash to expand its payment solutions to Africa. Through Ripple Payments, the partnership intends to foster cross border payments in the African regions.

Notably, the crypto platform’s alliance with Chipper Cash provides a fast, low-cost, and efficient payment system that unites international markets. Let’s delve deeper into the partnership’s goals and its potential implications.

Ripple Teams Up with Chipper Cash: Know the Details

In an official blog post published today, Ripple revealed its partnership with payments provider Chipper Cash. The crypto platform’s new venture focuses on supporting cross-border payments into Africa using Ripple Payments.

Leveraging the potential of blockchain technology, the companies aim to bring faster, easier, and productive payment system. As pointed out by Reece Merrick, Managing Director of Ripple Africa, the partnership plays a key role in the platform’s expansion in Africa.  Merric further commented,

By integrating our technology into Chipper Cash’s platform, we’re enabling faster, more affordable cross-border payments while driving economic growth and innovation across the markets they serve. With over a decade of experience in tokenizing real-world assets, Ripple’s journey began by bringing fiat currencies on-chain to simplify international money transfers.

Ripple Expands to Africa for Crypto Payments

Significantly, Ripple marked its entry into Africa in 2023 through a partnership with Onafriq. Now, the company is further expanding its presence on the continent with Chipper Cash.

According to Reece Merrick, the growing demand for cross-border payments worldwide is driving companies like Chipper Cash to adopt crypto payments, thereby boosting efficiency and fostering innovation.

Acknowledging the potential of crypto-enabled payments, Ham Serunjogi, Co-Founder and CEO at Chipper Cash, highlighted the significance of its alliance with Ripple. The Chipper Cash founder cited, “Through integrating with Ripple’s global payments network, we are excited to be able to harness the transformative potential of blockchain technology to enable consumers to receive payments faster and at lower cost.”

In a recent development, Ripple joined hands with Unicambio, Portugal’s leading currency exchange provider for cross-border payments. This move aligns with the platform’s vision of global expansion.

XRP Lawsuit Settlement Opens Doors To New Collaborations

With the protracted XRP lawsuit now resolved, as Ripple withdraws its cross-appeal in response to the SEC’s dropped appeal, the stage is set for new partnerships and collaborations. All Things XRP, a prominent member of the Ripple community, shared insights on the possible outcomes of the XRP case conclusion, which included future partnerships.

The lawsuit update also opens door to the possible launch of XRP exchange-traded funds (ETFs). The US SEC has already acknowledged the ETF applications submitted by multiple asset managers. Now, the lawsuit outcome could potentially clear the way for the ETF approval.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.