- Ripple and Chipper Cash have formed a partnership to enable faster, more affordable crypto-powered cross-border payments across Africa.
- The collaboration leverages Ripple’s blockchain technology to improve settlement efficiency for African consumers and businesses who increasingly recognize blockchain’s potential.
- This partnership expands on Ripple’s previous 2023 Onafriq deal and comes as the company advances following its recent regulatory win against the SEC.
Ripple has established a strategic partnership with African payment infrastructure provider Chipper Cash to power cryptocurrency-enabled cross-border payments across the continent, according to a March 27 announcement. The collaboration will integrate Ripple Payments into Chipper Cash’s transaction system to deliver more efficient settlement options.
Reece Merrick, Ripple’s Managing Director for Middle East and Africa, emphasized the significance of this move for the company’s regional expansion plans. "By integrating our technology into Chipper Cash’s platform, we’re enabling faster, more affordable cross-border payments while driving economic growth and innovation across the markets they serve," Merrick stated.
The partnership comes amid growing blockchain adoption throughout Africa, particularly in payment and remittance sectors. Recent data from Chainalysis indicates stablecoins now constitute nearly half of all transaction volume in Sub-Saharan Africa. Additionally, a late 2024 report suggested several emerging African economies have strong potential to develop into digital asset hubs.
Ham Serunjogi, co-founder and CEO of Chipper Cash, highlighted the broader implications of cryptocurrency-enabled payments for the region. "Crypto-enabled payments have the potential to enable greater financial inclusion, accelerate access to global markets, and empower businesses and individuals across Africa," he explained. Serunjogi added that Ripple’s integration allows customers to "receive payments faster and at lower cost."
This initiative builds upon Ripple’s previous 2023 arrangement with Onafriq, which established payment processing infrastructure connecting 27 African countries with Australia, the United Kingdom, and the Gulf Cooperation Council.
The expansion of Ripple’s African operations follows other recent company milestones, including securing a Dubai license in March to offer cryptocurrency-powered payments in the United Arab Emirates. The company also appears positioned for increased activity following its legal victory against the United States Securities and Exchange Commission.
Ripple CEO Brad Garlinghouse characterized the court decision as providing "a lot of certainty for Ripple," adding, "We now are in the driver’s seat to determine how we want to proceed."
As of publication time, neither Ripple nor Chipper Cash had responded to media inquiries regarding additional details of the partnership.
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