27.03.2025 22:48
Blockchain technology company Ripple has formed a strategic partnership with Africa-based fintech Chipper Cash. Under the agreement, Chipper Cash will use Ripple Payments for its international transactions. This collaboration aims to provide faster and more cost-effective cross-border payments in Africa and supports Ripple's expansion strategy in the region.
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Ripple, one of the leading companies in blockchain payment technologies, has signed an important partnership with the Africa-based fintech company Chipper Cash. The recently announced agreement aims to make cross-border money transfers in the African continent faster and more economical. As part of this strategic partnership, Chipper Cash will start using the Ripple Payments infrastructure for its international transactions.
Blockchain Technology is Transforming African Financial Systems
Ripple has signed a strategic partnership agreement with the Africa-based fintech company Chipper Cash. Under the collaboration announced yesterday, Chipper Cash will use Ripple Payments technology for its cross-border transactions.
This collaboration between the two companies aims to make international money transfers in the African continent faster, more economical, and more efficient. Reece Merrick, General Manager of Ripple for the Middle East and Africa, described the agreement as an important step in the company's growth strategy in the region.
Merrick stated, "African consumers and businesses are increasingly recognizing the potential of blockchain technology." He also mentioned that by integrating their technology into the Chipper Cash platform, they are increasing the speed of cross-border payments while reducing costs, thereby promoting economic growth in the relevant markets.
This partnership comes at a time when blockchain technology is being adopted with increasing momentum across Africa, particularly in the remittance and payment sectors. According to a recent report published by Chainalysis, stablecoins now account for nearly half of the total transaction volume in Sub-Saharan Africa. Similarly, another report published at the end of 2024 indicated that various developing economies in Africa have the potential to become digital asset hubs.
The Ripple executive emphasized that with the growth of the remittance market, many companies have started to adopt blockchain technology, which provides operational efficiency gains. Ham Serunjogi, co-founder and CEO of Chipper Cash, highlighted that crypto-enabled payments will have widespread effects in Africa.
Serunjogi stated, "Crypto-enabled payments have the potential to increase financial inclusion, accelerate access to global markets, and empower businesses and individuals in Africa." He also added that by integrating Ripple technology, they enable their customers to receive payments faster and at lower costs.
This new partnership also expands Ripple's Onafriq agreement, signed in 2023, which uses its infrastructure to process payments between 27 African countries and Australia, the United Kingdom, and Gulf Cooperation Council countries.
Ripple also obtained a license from Dubai in March to offer crypto-enabled payments in the United Arab Emirates. Following the victory in its case against the U.S. Securities and Exchange Commission, the company is expected to accelerate its operations further.
Ripple CEO Brad Garlinghouse stated that the court ruling provided significant clarity for the company, saying, "We are now in a position to decide for ourselves how we want to move forward."
Ripple and Chipper Cash were contacted for comments on the news, but no response has been received yet.
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