Ripple Teams Up with Chipper Cash to Enhance African Payment Systems Using XRP
Chipper Cash's partnership with Ripple aims to make cross-border transactions faster and more affordable for millions of customers across Africa.
Key Takeaways
- Ripple is collaborating with Chipper Cash to streamline cross-border payment processes in Africa using Ripple Payments and XRP.
- This partnership will facilitate rapid fund transfers for Chipper Cash’s five million users across nine African countries, ensuring cost-effective service.
Ripple announced today its partnership with Chipper Cash, a payment service operating in Africa, to introduce cross-border payments using Ripple Payments. This initiative aims to enhance the speed and affordability of international transactions, enabling customers to receive funds around the clock.
The Managing Director for the Middle East and Africa at Ripple, Reece Merrick, highlighted that this collaboration represents a significant step in expanding Ripple’s influence in Africa. He noted, “Consumers and businesses across the continent are increasingly recognizing the potential of blockchain technology, and we are excited to bring our crypto-enabled payments solution to our partners in the region.”
This partnership builds upon Ripple’s previous efforts in Africa, including a collaboration with Onafriq, a network that connects different African markets, initiated in 2023.
Recently, XRP prices have seen a decline of 4.5% in the last 24 hours amid broader market trends.
