Ripple has established a partnership with Chipper Cash to provide crypto-enabled cross-border payment solutions to the African money transfer company.
Chipper Cash, which serves five million customers across nine African countries, will utilize Ripple Payments to facilitate 24/7/365 fund transfers from around the globe. Ripple Payments boasts extensive global coverage, with over 90 payout markets that together account for more than 90% of daily foreign exchange transactions, processing upwards of $70 billion in volume.
Ham Serunjogi, co-founder and CEO of Chipper Cash, stated, “Crypto-enabled payments have the potential to enable greater financial inclusion, accelerate access to global markets, and empower businesses and individuals across Africa. Through integrating with Ripple’s global payments network, we are excited to harness the transformative potential of blockchain technology to help consumers receive payments faster and at lower cost.”
This collaboration with Chipper Cash extends Ripple’s influence in Africa, following its earlier partnership with Onafriq in 2023.