Ripple has a partnership with the Chipper Cash infrastructure to support encrypted cross border payments.
According to March 27 advertisementCHIPPER CASH will use the ripples for its cross -border transactions as part of the deal. Companies said the partnership is designed to provide faster, cheapest and more efficient settlements.
Chipper Criticism. Source: Official Chipper Cash website
REECE MERICK, Managing Director of Ripple in the Middle East and Africa, said the partnership is an important step in the company’s expansion in the region. He also highlighted that African consumers and companies “are increasingly realizing the capabilities of Blockchain technology”.
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Cooperation comes at a time when Blockchain continues to grow throughout Africa, especially in the sectors of transfers and payments. accident A report was found from Chainalysis Stablecoins is now approximately half of the volume of transactions in sub -Saharan Africa.
Similarly, A report proposed in late 2024 A number of emerging economies across Africa have the ability to become digital asset centers. Merik said:
“By integrating our technology into the Chipper Cash platform, we are making faster and more affordable payments while increasing economic growth and innovation across the markets that serve it.”
Increased Blockchain adoption in transfers
Ripple Executive also highlighted that with the growth of the transfer market, many companies decide to build Blockchain technology to increase the operational efficiency that allows it. The co -founder and CEO of Chipper Cash Ham Serunjogi said that the implementation of Crypto in this industry has severe consequences in Africa.
He said: “The encoding payments have the ability to enable more financial inclusion, accelerate access to global markets, and empower companies and individuals across Africa.”
Serongoji also explained that by combining Ripple, Chipper Cash was able to allow her customers to “receive payments faster and at the lowest cost.” Also partnership It expands in the Ripple 2023 Onafriq dealUsing the company’s infrastructure to process payments between 27 African, Australia, the United Kingdom and the Gulf Cooperation Council.
Approach move forward
In March, also ripples He obtained a Dubai license To provide encrypted energy payments in the United Arab Emirates. It is also possible that the company will intensify its activities After his last victory Against the American Securities and Stock Exchange Committee.
“The decision” provides a lot of certainty in Ripple. ” He added:
“We are now in the driver’s seat to determine how we want to go forward.”
Ripple and Chipper Cash did not respond to Cointelegraph inquiring about the time of publication.
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