Ripple Partners with Chipper Cash to Boost Crypto Payments in Africa

Blockchain-based digital payment firm Ripple has partnered with Chipper Cash, a popular payment provider in Africa, to foster cheaper and faster cross-border transactions using crypto assets.  

Ripple Joins Forces with Chipper Cash

According to an official report, Chipper Cash intends to integrate Ripple’s blockchain technology into its platform. With over 5 million customers in 9 countries across Africa, the payment provider noted that customers will receive funds without any interruptions with its latest partnership. 

Commenting on the latest announcement, Reece Merrick, Managing Director, Middle East and Africa, at Ripple, said:

“Our partnership with Chipper Cash marks a key milestone in the expansion of Ripple’s business in Africa. 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.”  

The Co-Founder and CEO of Chipper Cash, Ham Serunjogi, also mentioned that the integration with a blockchain-based digital payment firm will tackle the transformative potential of blockchain technology.

“Crypto-enabled payments have the potential to enable greater financial inclusion, accelerate access to global markets, and empower businesses and individuals across Africa,” he added. 

Over the years, Ripple has positioned itself as a leading provider of digital asset infrastructure for financial institutions. With over 90% coverage of daily FX markets, the firm processes over $70 billion in volume. 

Following the latest collaboration, Ripple revealed that it holds over 60 regulatory licenses and registrations in numerous jurisdictions globally. Recently, the firm secured Dubai regulatory approval for crypto payments in the UAE to provide cross-border payments. 

Ripple & SEC Settles Dispute 

The latest alliance comes as the United States and Exchange Commissions dropped its appeal against Ripple. The company claimed that the legal battle, which lingered for 4 years, has cost XRP holders roughly $15 billion.

Following the case, Ripple will pay a fine of $50 million as they reach a settlement. Additionally, the company’s Chief Legal Officer noted that the securities watchdog will request the court to remove the customary restriction that was previously enforced.