Chipper Cash Partners with Ripple to Revolutionize Cross-Border Payments in Africa
Chipper Cash is revolutionizing the way consumers in Africa receive international funds by leveraging Ripple Payments. With a growing customer base of five million users across nine African nations, Chipper Cash aims to facilitate seamless, 24/7 access to global financial resources.
Enhancing Financial Inclusion with Ripple Payments
By integrating with Ripple Payments, Chipper Cash is set to transform the payment landscape in Africa. Ripple Payments boasts near-global reach, covering over 90 payout markets and processing more than $70 billion in transactions. This strategic partnership is a significant step toward fostering greater financial inclusion across the continent.
Key Benefits of Ripple Payments for Chipper Cash Users
- 24/7 Access: Consumers can receive funds at any time, ensuring timely transactions.
- Lower Costs: The integration allows for faster payments at reduced costs.
- Global Reach: With over 90% coverage of daily FX markets, users can connect with a wider range of international markets.
Ham Serunjogi, co-founder and CEO of Chipper Cash, emphasizes the potential of crypto-enabled payments in promoting financial accessibility. He states, “The integration with Ripple’s global payments network enables us to harness the transformative potential of blockchain technology, allowing consumers to receive payments faster and at a lower cost.”
Expanding Ripple’s Footprint in Africa
This partnership not only enhances Chipper Cash’s service offerings but also signifies Ripple’s commitment to expanding its presence in Africa, which initially began with Onafriq in 2023. The collaboration aims to empower businesses and individuals, ensuring they are equipped to thrive in a global economy.
For more information on how blockchain technology is transforming finance, check out this article from Forbes.
