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Fintech Innovator in Africa tap Ripple to provide 24 -hour fund transfer.

Main takeout

  • Ripple and Chipper Cash partners enable faster border payments in Africa.
  • Collaboration aims to expand Ripple’s business and induce financial inclusions of the entire continent.

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Ripple and African Fintech Company Chipper Cash announced on Thursday that they have joined forces to accelerate border payments on the continent.

As part of collaboration, Chipper Cash will adopt Ripple Payments, a blockchain drive solution designed to make international transactions faster, cheaper and more efficient.

According to Ripple, this integration makes the border much easier and faster because customers can get money from all over the world at any time seven days a week.

Chipper Cash currently offers services to 5 million customers in nine African countries.

Reece Merrick said REECE MERRICK, managing director of Ripple in the Middle East and Africa, said that partnership is an important step in expanding Ripple’s business in this region.

In addition to fast and inexpensive payments, Merrick said that it will promote the market’s economic growth and innovation in the market that provides services.

“By integrating technology into Chipper Cash’s platform, we can lead to faster and cheaper borders by leading economic growth and innovation throughout the market they offer.”

HAM Serunjogi, co -founder and CEO of Chipper Cash, expressed his belief that the encryption payment can improve financial inclusions, provide greater access to the global market, and give power to both businesses and individuals across Africa.

By connecting to Ripple’s global payment network, Chipper Cash aims to provide users with a faster and cheaper payment solution.

Chipper Cash is not the first venture to Ripple’s African market. In 2023, the company expanded to the area in partnership with Onafriq, Africa’s best fintech company.

OnaFriq partnership aims to promote digital asset support cross loans between several new markets, including Africa and Gulf Cooperation Council (GCC) and the United Kingdom and Australia.

Ripple’s partnership expands beyond Africa, including global networks of financial institutions and companies. The company has begun cooperation with major banks and fintech companies in Asia, Europe, North America, Australia and the Middle East.

The company recently received a license from the Dubai Financial Services Authority to provide the regulatory password payment at the Dubai International Financial Center and expressed its first approval in the Middle East.

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