Ripple has announced its partnership with the financial transfers platform, Chipper Cash to provide faster and more efficient -border payment solutions in the continent of Africa, using Blockchain series technology.
The partnership was announced today, March 27, as it aims to provide the innovative technology of Ripple to millions of Chipper Cash users in nine African countries.
This partnership allows Chipper Cash users to take advantage of the Ripple Payments, which provides quick international transfers using digital assets.
This development contributes to improving the methods of receiving funds from abroad at a lower cost and shorter time, which enhances the financial interaction in the areas not serviced adequately by traditional banking systems.
Rice Merck, regional director of Ripple in the Middle East and Africa, said that interest in the series of blocs is witnessing rapid growth in the region, adding that individuals and institutions are beginning to realize the practical value of this technology, especially in markets that suffer from a lack of traditional banking services.
Important Seronggogy, founder and CEO of Chipper Cash, has also expressed his optimism in cooperation, noting the ability of technology to enhance financial access and support economic inclusion.
This cooperation aims to expand the presence of Ripple in Africa, where the company has already entered into a partnership with Onafriq in 2023 to provide similar services, which represents the beginning of its regional expansion.
Ripple expanded globally
Ripple continues to enhance its presence on the international scene through strategic partnerships and licensing its services in multiple regions.
One of the most important steps of Ripple expansion of Ripple is its recent collaboration with the Portuguese Unicâmbio Unicâmbio, which is the financial services provider to improve the payment channels between Portugal and Brazil using its technique based on digital currencies.
Ripple has obtained a license from the Dubai Financial Services Authority, to become the first payment service provider that relies on the series of blocks to obtain that accreditation.
These efforts contributed to strengthening the infrastructure of its digital assets to support more than 90 payment markets, covering more than 90% of the global foreign exchange market, and more than 70 billion dollars in the volume of transactions through its platform, which enhances its position as a major financing on the Blockchain chain technology.
