Ripple and Chipper Cash have teamed up to enhance cross-border payments into Africa using Ripple Payments, a crypto-enabled solution that aims to make international transfers faster and cheaper
Why it matters
Africa’s remittance market is vital, with millions relying on money transfers from abroad.
The partnership leverages blockchain technology to reduce transaction time and costs, improving financial access for individuals and businesses.
What they’re saying
- “Our partnership with Chipper Cash marks a key milestone in the expansion of Ripple’s business in Africa,” said Reece Merrick, Ripple’s Managing Director for the Middle East and Africa. “By integrating our technology, we’re enabling faster, more affordable cross-border payments while driving economic growth and innovation.”
- “Crypto-enabled payments can drive financial inclusion and accelerate access to global markets,” said Ham Serunjogi, Co-Founder & CEO of Chipper Cash. “Partnering with Ripple allows us to enhance our services and empower consumers across Africa.”
The big picture
- Chipper Cash, with 5 million users across 9 African countries, will now facilitate near-instant global transfers 24/7.
- Ripple Payments covers over 90% of daily FX markets and has processed more than $70 billion in volume.
- Ripple holds 60+ regulatory licenses, reinforcing its position in the digital asset space.
