This collaboration aims to streamline cross-border remittances, offering faster and more cost-effective transactions using blockchain technology.

Chipper Cash will integrate Ripple Payments into its platform, leveraging the efficiency of blockchain to facilitate seamless international money transfers.

Chipper Cash, a leading fintech startup in Africa, has integrated Ripple Payments into its platform to facilitate faster and more cost-effective cross-border transactions, especially for crypto-enabled payments.

This partnership will empower Chipper Cash’s over seven million users across eight African nations to conduct cross-border transactions with reduced fees and increased speed, facilitating seamless international money transfers.

Reece Merrick, managing director for Middle East and Africa at Ripple, highlighted the significance of this collaboration in driving economic growth and innovation.

“We are focused on enabling faster, more affordable cross-border payments and driving economic growth and innovation in the region,” said Merrick. “We are thrilled to be working with Chipper Cash to introduce Ripple Payments.”

Announced via X (formerly Twitter), the partnership will also see Chipper Cash users gain access to a unique code that unlocks a special offer from Coinbase, further expanding opportunities for crypto engagement.

Chipper Cash co-founder and CEO Ham Serunjogi emphasized the positive impact of this integration on businesses and individuals.

“This integration will allow our users to send and receive funds faster and at significantly lower costs,” said Serunjogi. “We are excited to be working with Ripple to bring this technology to our users and to further our mission of making financial services accessible to everyone in Africa.”

Africa has seen a rapid rise in crypto adoption, particularly in the remittance sector, where traditional banking methods often come with high fees and slow processing times.

However, Ripple’s blockchain solutions aim to address these inefficiencies by providing 24/7 accessibility to payments, making it easier for individuals and businesses to transact internationally.

For example, a Nigerian business person who imports goods from China can now pay for the goods in real-time, avoiding the inefficiencies and costs normally associated with cross-border transactions. The partnership with Chipper Cash will enhance such financial services.

This growth is a sequel to Ripple’s previous collaboration with Onafriq (formerly MFS Africa) in 2023 that facilitated payments in 27 African countries and key global markets such as the UK, Australia, and Gulf states. The latest venture in Africa is part of its larger strategy to put Ripple XRP news at the forefront of blockchain-based finance.

Despite the prolonged court battle with the U.S. Securities and Exchange Commission (SEC), Ripple has been busy strengthening its global presence. The prolonged XRP lawsuit has long been a pressing issue among investors, but new developments suggest the conflict could be near an end.

Ripple CEO Brad Garlinghouse expressed optimism about the company’s legal situation, and he believes that settling the lawsuit would bring badly needed regulatory clarity.

Moreover, the SEC v. Ripple case could be fully resolved within 60 days, pending an SEC Commission vote and a final court sign-off, according to a statement from the SEC.

Earlier this year, Ripple secured a crypto payments license in Dubai, demonstrating its commitment to expanding into new markets. The company now has over 60 regulatory licenses and registrations across the globe, further bolstering its position as a key player in the world of global payments.

As crypto fund manager Bitwise looks ahead, they’ve projected a scenario where XRP could reach $29.32 by 2030, assuming continued adoption in cross-border payments and tokenization markets. However, in a less favorable environment, they also outlined a bearish scenario that could see the cryptocurrency drop to $0.13 as institutional support lessens.