Ripple Labs has announced a new partnership with the prominent Chipper Cash company to simplify the cross -border payments on the African continent. The agreement, which was revealed today through an official press release, includes the inclusion of the Ripple payment technology that supports encryption in the Chipper Cash-cooperation that both parties believe will enhance speed and efficiency in cost and reliability of transactions inside Africa and to Africa.
The difference is ripped with Chipper Cash
According to press releaseThe Chipper Cash will use ripple payments, and benefit from digital assets to supply users around the clock with the money received at a lower cost of the current old options. As a result, consumers are expected to benefit through the Chipper Cash fingerprint – nine countries in Africa – from significantly reduced friction when receiving money from almost anywhere in the world.
“Our partnership with Chipper Cash represents a major milestone in expanding Ripple in Africa. Consumers and companies around the continent are increasingly aware of the potential of Blockchain technology, and we are excited to bring in our cryptocurrency payment to our partners in the region,” said Reece Merck, Managing Director, Middle East, said, Middle East, Middle East, Middle East. Africa, in Ripple.
By integrating our technology into the Chipper Cash platform, we enable faster and more affordable payments while increasing economic growth and innovation across the markets that serve it. […] With the growth of the global payment market across the border, more institutions such as Chipper Cash take advantage of the Blockchain transformational power to pay efficiency and innovation, “added Ripple Exec.
“By integrating Ripple, we are enthusiastic to receive transformational capabilities to honor payments” through integration with the global payment network in Ripple, “said Ham Serunjogi, co -founder and CEO of Chipper Cash, adding that” through Ripple’s global payments network, “through integration with the Ripple payment network, we are enthusiastic to receive the transformational capabilities to honor payments” through integration with the global payment network in Ripple, “said Kiunjogi, co -founder and CEO of Chipper Cash, adding that” through Ripple’s global payments network, “In integration with the Ripple payment network, we are excited to receive the transformational capabilities to honor payments” through integration with the global payment network in Ripple, “said Hamjogi, co -founder and CEO of Chipper Cash.
Cooperation depends on the current Ripple imprint in the region, which started in partnership with ONAFRIQ in 2023. Through these efforts, Ripple reinforced its reputation as an infrastructure provider of the digital assets of financial institutions all over the world. According to the company, Ripple Payments now reaches more than 90 payment markets, which cover more than 90 % of daily foreign exchange markets and processing more than $ 70 billion in size.
The Chipper Cash, which was launched in 2018, has witnessed significant growth in the user’s dependence and financing. According to its latest data, the company now serves millions of customers throughout Africa and abroad. The numbers that were generally released also show that Chipper Cash completed the C -MINEST Series C round worth $ 150 million in November 2021, led by FTX, which prompted the startup evaluation to about two billion dollars, and raised its total capital to $ 305 million.
With the distribution of nearly 300 employees via a global network of offices, the Chipper Cash headquarters in San Francisco remains, with major rollers in Kenya, Nigeria, Ghana, Uganda, the United Kingdom, South Africa, Australia, Colombia, Tanzania and Canada.
At the time of the press, XRP was traded at $ 2.32.
Distinctive image created with Dall.e, Chart from TradingView.com
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