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Breaking: Ripple Teams Up With Chipper Cash to Launch Payments in Africa
In a significant move, global payments giant Ripple has partnered with Chipper Cash, a popular fintech company based in Africa, to revolutionize the way people make and receive cross-border payments on the continent. This strategic alliance marks a major breakthrough for both companies as they aim to improve financial inclusion by leveraging the power of blockchain technology.
According to reports, Ripple will be providing its flagship product, XRP, to Chipper Cash to accelerate the development of a fast, secure, and cost-effective payment system. By integrating Ripple’s innovative solution into their platform, Chipper Cash aims to bridge the gap in traditional cross-border payments by offering its users a seamless, decentralized, and transparent experience.
In an exclusive statement, Merrick Okamoto, Head of Africa at Ripple, emphasized that “Ripple is thrilled to collaborate with Chipper Cash to bring cutting-edge financial technology to African markets.” He highlighted the immense potential for growth in this region and stressed that this partnership will significantly enhance financial inclusion by providing more people with access to secure payment systems.
Ham Serunjogi, the CEO of Chipper Cash, also expressed his enthusiasm for this collaboration. “We are excited about the prospect of partnering with Ripple to develop a game-changing payments platform that empowers Africans and drives innovation.” He emphasized the need for decentralized financial solutions in Africa and sees great potential in Ripple’s blockchain-based technology.
As part of this agreement, Chipper Cash will leverage Ripple’s XRP Ledger to provide fast settlement times and low fees for cross-border transactions. This strategic move aligns with Ripple’s mission to help create a more inclusive global economy by providing innovative payment solutions that benefit the financial system as a whole.
It is worth noting that African countries are now witnessing a surge in fintech adoption, driven mainly by the growth of mobile money services.
Source: https://u.today/breaking-ripple-teams-up-with-chipper-cash-to-launch-payments-in-africa
