Ripple has partnered with African payment infrastructure provider Chipper Cash to support crypto-enabled cross-border payments.
According to a March 27 announcement, Chipper Cash will use Ripple Payments for its cross-border transactions as part of the deal. The companies said the partnership is designed to offer faster, cheaper and more efficient settlements.
Chipper Cash. Source: Chipper Cash official website
Reece Merrick, Ripple’s managing director for Middle East and Africa, said that the partnership is an important step in the firm’s expansion in the region. He also highlighted that African consumers and businesses “are increasingly recognizing the potential of blockchain technology.”
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The collaboration comes as blockchain adoption continues to grow across Africa, particularly in the remittance and payments sectors. A recent report from Chainalysis found that stablecoins now make