Source: Cointelegraph Original: "{title}"

Ripple has partnered with African payment infrastructure provider Chipper Cash to support cryptocurrency-driven cross-border payments.

According to a March 27 announcement, Chipper Cash will use Ripple Payments for its cross-border transactions. Both companies stated that this collaboration aims to provide faster, cheaper, and more efficient settlement services.

Chipper Cash Source: Chipper Cash official website

Reece Merrick, Managing Director of Ripple for the Middle East and Africa, stated that this partnership is an important step in the company's expansion in the region. He also emphasized that consumers and businesses in Africa are "increasingly recognizing the potential of blockchain technology."

This collaboration comes as the application of blockchain continues to grow in Africa, particularly in the remittance and payment sectors. A recent report from Chainalysis shows that stablecoins now account for nearly half of all transaction volumes in Sub-Saharan Africa. A report at the end of 2024 indicated that some emerging economies in Africa have the potential to become digital asset hubs.

Merrick stated, "By integrating our technology into the Chipper Cash platform, we are driving faster, more affordable cross-border payments while fostering economic growth and innovation in the markets they serve."

Increasing Application of Blockchain in Remittances

Ripple executives further emphasized that as the remittance market evolves, many companies are choosing to adopt blockchain technology because it can enhance operational efficiency. Ham Serunjogi, co-founder and CEO of Chipper Cash, stated that the application of digital currencies in the industry has had a profound impact on Africa. He said, "Cryptocurrency payments have the potential to promote greater financial inclusion, accelerate access to global markets, and empower African businesses and individuals."

Serunjogi further explained that by integrating Ripple, Chipper Cash can enable its customers to "receive payments faster and at lower costs." This collaboration also extends Ripple's agreement made in 2023 with Onafriq, utilizing the company's infrastructure to process payments between 27 African countries and Australia, the UK, and the Gulf Cooperation Council.

Ripple Moves Forward

In March, Ripple also obtained a Dubai license to provide cryptocurrency payment services in the UAE. The company may also strengthen its activities following its recent victory in the U.S. Securities and Exchange Commission (SEC) case.

Ripple CEO Brad Garlinghouse stated at the time that this decision "provides significant certainty for Ripple." He added, "We now have the initiative to decide how to move forward."

Ripple and Chipper Cash did not respond to Cointelegraph's request for comment at the time of this publication.

Related: Ripple to abandon cross-appeal in SEC case, seeking refunds from lower court ruling.

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