The Ripple leadership reported that thanks to Ripple Payments, about five million Chipper Cash customers in nine African countries will be able to receive funds from around the world around the clock. Blockchain will accelerate the conduct of money transfers, making them more economical, since people do not have to pay large commissions, as in traditional payments.
“Our partnership with Chipper Cash will expand the Ripple business in Africa. Consumers and companies throughout the continent are increasingly aware of the potential of the blockchain, so our solution for crypto payments should be in demand. Integrating the Ripple Payments into the Chipper Cash platform, we will accelerate the economic growth and development of innovation in the African market, ”said Rice Merrick, Rice Merrick Director in the regions of the Middle East and Africa.
The co -founder and general director of Chipper Cash Ham Serunjogi added that cryptocurrency support payments will expand the access of the African population to financial services, and also open access to world markets for enterprises and individuals.
At the end of 2023, Ripple concluded a deal with the African fintech company Onafriq. This made it possible to make payments between 27 African countries. In 2021, Ripple launched the Ripple ODL service for quick payments using XRP cryptocurrency in the Middle East and North Africa.
Source: Bits
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